Wall Street brokerages predict that Enterprise GP Holdings L.P. (NYSE:EPE) will announce earnings per share of ($0.02) for the current fiscal quarter, according to Zacks Investment Research. Five analysts have provided estimates for Enterprise GP’s earnings, with the highest EPS estimate coming in at $0.00 and the lowest estimate coming in at ($0.04). Enterprise GP reported earnings per share of ($0.07) during the same quarter last year, which suggests a positive year over year growth rate of 71.4%. The firm is scheduled to issue its next earnings report on Wednesday, February 27th.

On average, analysts expect that Enterprise GP will report full year earnings of ($0.11) per share for the current year, with EPS estimates ranging from ($0.16) to ($0.06). For the next financial year, analysts forecast that the business will report earnings of $0.15 per share, with EPS estimates ranging from ($0.11) to $0.44. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research firms that that provide coverage for Enterprise GP.

Enterprise GP (NYSE:EPE) last announced its quarterly earnings data on Wednesday, November 7th. The energy producer reported ($0.04) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by ($0.02). The firm had revenue of $338.00 million for the quarter, compared to analysts’ expectations of $322.15 million. Enterprise GP had a negative net margin of 14.59% and a negative return on equity of 12.75%.

Several equities analysts recently issued reports on EPE shares. Zacks Investment Research raised shares of Enterprise GP from a “hold” rating to a “buy” rating and set a $2.25 price objective on the stock in a research note on Monday, July 30th. BMO Capital Markets reissued a “hold” rating and set a $2.00 price objective on shares of Enterprise GP in a research note on Tuesday, November 13th. Finally, KLR Group reissued a “hold” rating and set a $3.00 price objective on shares of Enterprise GP in a research note on Monday, August 20th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and one has issued a buy rating to the stock. Enterprise GP currently has an average rating of “Hold” and an average target price of $2.68.

In related news, major shareholder Apollo Management Holdings Gp, sold 365,393 shares of the company’s stock in a transaction that occurred on Friday, August 24th. The shares were sold at an average price of $1.73, for a total transaction of $632,129.89. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Raymond J. Ambrose purchased 50,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 22nd. The shares were bought at an average cost of $1.77 per share, with a total value of $88,500.00. Following the transaction, the senior vice president now directly owns 150,943 shares of the company’s stock, valued at approximately $267,169.11. The disclosure for this purchase can be found here. In the last ninety days, insiders have purchased 115,000 shares of company stock valued at $203,400 and have sold 2,121,230 shares valued at $3,707,935. Corporate insiders own 0.39% of the company’s stock.

Hedge funds have recently modified their holdings of the stock. California Public Employees Retirement System increased its position in Enterprise GP by 30.1% during the first quarter. California Public Employees Retirement System now owns 186,592 shares of the energy producer’s stock worth $250,000 after purchasing an additional 43,217 shares during the last quarter. Cpwm LLC acquired a new position in Enterprise GP during the third quarter worth approximately $289,000. Finally, Paloma Partners Management Co increased its position in Enterprise GP by 131.3% during the third quarter. Paloma Partners Management Co now owns 625,001 shares of the energy producer’s stock worth $1,462,000 after purchasing an additional 354,788 shares during the last quarter. 67.45% of the stock is owned by hedge funds and other institutional investors.

Shares of EPE traded down $0.11 on Tuesday, hitting $1.04. 1,617,200 shares of the stock traded hands, compared to its average volume of 1,050,812. The company has a debt-to-equity ratio of 13.55, a quick ratio of 0.53 and a current ratio of 0.56. The company has a market capitalization of $310.86 million, a price-to-earnings ratio of -2.65 and a beta of 3.50. Enterprise GP has a 1 year low of $1.01 and a 1 year high of $3.50.

Enterprise GP Company Profile

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 (NYSE:EPE)

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