Analysts Anticipate Enterprise GP Holdings L.P. common stock (EPE) Will Announce Earnings of $0.05 Per Share

Analysts expect that Enterprise GP Holdings L.P. common stock (NYSE:EPE) will announce $0.05 earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Five analysts have provided estimates for Enterprise GP Holdings L.P. common stock’s earnings. The lowest EPS estimate is ($0.02) and the highest is $0.10. Enterprise GP Holdings L.P. common stock posted earnings per share of ($0.12) in the same quarter last year, which indicates a positive year-over-year growth rate of 141.7%. The company is scheduled to announce its next quarterly earnings report on Wednesday, November 7th.

According to Zacks, analysts expect that Enterprise GP Holdings L.P. common stock will report full-year earnings of ($0.01) per share for the current financial year, with EPS estimates ranging from ($0.20) to $0.20. For the next financial year, analysts expect that the firm will report earnings of ($0.01) per share, with EPS estimates ranging from ($0.33) to $0.19. Zacks Investment Research’s EPS calculations are a mean average based on a survey of analysts that that provide coverage for Enterprise GP Holdings L.P. common stock.

Enterprise GP Holdings L.P. common stock (NYSE:EPE) last posted its quarterly earnings results on Thursday, August 9th. The energy producer reported ($0.01) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.01 by ($0.02). The company had revenue of $329.00 million during the quarter, compared to analyst estimates of $318.46 million. Enterprise GP Holdings L.P. common stock had a negative net margin of 18.51% and a negative return on equity of 15.78%.

A number of research firms have recently weighed in on EPE. Zacks Investment Research raised Enterprise GP Holdings L.P. common stock from a “hold” rating to a “buy” rating and set a $2.25 price target on the stock in a research note on Wednesday. ValuEngine downgraded Enterprise GP Holdings L.P. common stock from a “buy” rating to a “hold” rating in a research note on Friday, June 15th. Stifel Nicolaus set a $3.00 price target on Enterprise GP Holdings L.P. common stock and gave the company a “hold” rating in a research note on Thursday, July 19th. Finally, KLR Group downgraded Enterprise GP Holdings L.P. common stock from a “buy” rating to a “hold” rating and set a $3.00 price target on the stock. in a research note on Monday, May 14th. Four investment analysts have rated the stock with a sell rating, eight have issued a hold rating and two have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $2.61.

In related news, major shareholder Apollo Investment Fund Vii L. P sold 514,216 shares of the firm’s stock in a transaction on Thursday, August 9th. The stock was sold at an average price of $1.83, for a total transaction of $941,015.28. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, major shareholder Apollo Investment Fund Vii L. P sold 75,000 shares of the firm’s stock in a transaction on Monday, July 2nd. The stock was sold at an average price of $2.88, for a total value of $216,000.00. The disclosure for this sale can be found here. Insiders have sold a total of 7,411,571 shares of company stock worth $17,828,081 in the last ninety days. 0.39% of the stock is currently owned by company insiders.

Institutional investors have recently modified their holdings of the stock. Barclays PLC raised its stake in Enterprise GP Holdings L.P. common stock by 95.8% during the 1st quarter. Barclays PLC now owns 78,710 shares of the energy producer’s stock worth $106,000 after buying an additional 38,504 shares during the period. Deutsche Bank AG raised its stake in shares of Enterprise GP Holdings L.P. common stock by 181.4% in the 4th quarter. Deutsche Bank AG now owns 107,821 shares of the energy producer’s stock valued at $254,000 after purchasing an additional 69,509 shares during the period. A.R.T. Advisors LLC raised its stake in shares of Enterprise GP Holdings L.P. common stock by 55.6% in the 1st quarter. A.R.T. Advisors LLC now owns 117,653 shares of the energy producer’s stock valued at $157,000 after purchasing an additional 42,060 shares during the period. Millennium Management LLC raised its stake in shares of Enterprise GP Holdings L.P. common stock by 162.3% in the 4th quarter. Millennium Management LLC now owns 118,026 shares of the energy producer’s stock valued at $279,000 after purchasing an additional 73,026 shares during the period. Finally, California Public Employees Retirement System raised its stake in shares of Enterprise GP Holdings L.P. common stock by 30.1% in the 1st quarter. California Public Employees Retirement System now owns 186,592 shares of the energy producer’s stock valued at $250,000 after purchasing an additional 43,217 shares during the period. 68.33% of the stock is currently owned by institutional investors and hedge funds.

Shares of Enterprise GP Holdings L.P. common stock traded down $0.15, reaching $1.69, during trading hours on Friday, MarketBeat reports. The company had a trading volume of 2,033,599 shares, compared to its average volume of 1,491,867. The company has a quick ratio of 0.50, a current ratio of 0.54 and a debt-to-equity ratio of 10.01. The company has a market cap of $462.51 million, a P/E ratio of -4.33 and a beta of 3.78. Enterprise GP Holdings L.P. common stock has a 1-year low of $1.26 and a 1-year high of $3.54.

About Enterprise GP Holdings L.P. common stock

EP Energy Corporation, an independent exploration and production company, engages in the exploration for and the acquisition, development, and production of oil, natural gas, and natural gas liquids in the United States. The company has interests in three primary areas, such as the Permian basin in West Texas; the Eagle Ford Shale in South Texas; and the Altamont Field in the Uinta basin in Northeastern Utah.

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Earnings History and Estimates for Enterprise GP Holdings L.P.  common stock (NYSE:EPE)

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