Analysts expect Enterprise GP Holdings L.P. (NYSE:EPE) to announce earnings per share (EPS) of ($0.02) for the current fiscal quarter, Zacks reports. Five analysts have issued estimates for Enterprise GP’s earnings, with estimates ranging from ($0.04) to $0.00. Enterprise GP posted earnings of ($0.07) per share in the same quarter last year, which would suggest a positive year over year growth rate of 71.4%. The business is scheduled to issue its next quarterly earnings report on Wednesday, February 27th.

According to Zacks, analysts expect that Enterprise GP will report full year earnings of ($0.11) per share for the current fiscal year, with EPS estimates ranging from ($0.16) to ($0.06). For the next financial year, analysts forecast that the business will post earnings of $0.15 per share, with EPS estimates ranging from ($0.11) to $0.44. Zacks’ EPS averages are a mean average based on a survey of research analysts that cover Enterprise GP.

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

A number of equities research analysts recently commented on EPE shares. Zacks Investment Research upgraded Enterprise GP from a “hold” rating to a “buy” rating and set a $2.25 price objective for the company in a report on Monday, July 30th. KLR Group reiterated a “hold” rating and issued a $3.00 price objective on shares of Enterprise GP in a report on Monday, August 20th. Stifel Nicolaus set a $3.00 price objective on Enterprise GP and gave the company a “hold” rating in a report on Thursday, July 19th. Finally, BMO Capital Markets reiterated a “hold” rating and issued a $2.00 price objective on shares of Enterprise GP in a report on Tuesday. One research analyst has rated the stock with a sell rating, nine have given a hold rating and one has given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $2.68.

NYSE EPE opened at $1.30 on Tuesday. The stock has a market capitalization of $334.44 million, a P/E ratio of -3.33 and a beta of 3.50. The company has a quick ratio of 0.53, a current ratio of 0.56 and a debt-to-equity ratio of 13.55. Enterprise GP has a 12 month low of $1.25 and a 12 month high of $3.50.

In related news, SVP Raymond J. Ambrose purchased 50,000 shares of Enterprise GP stock in a transaction that occurred on Wednesday, August 22nd. The stock was purchased at an average cost of $1.77 per share, with a total value of $88,500.00. Following the completion of the transaction, the senior vice president now owns 150,943 shares of the company’s stock, valued at approximately $267,169.11. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, VP Jace D. Locke purchased 15,000 shares of Enterprise GP stock in a transaction that occurred on Friday, August 24th. The shares were bought at an average cost of $1.76 per share, with a total value of $26,400.00. Following the completion of the transaction, the vice president now directly owns 213,714 shares of the company’s stock, valued at approximately $376,136.64. The disclosure for this purchase can be found here. Over the last ninety days, insiders have bought 115,000 shares of company stock valued at $203,400 and have sold 2,433,137 shares valued at $4,157,081. 0.39% of the stock is owned by corporate insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of EPE. California Public Employees Retirement System raised its holdings in Enterprise GP by 30.1% during the 1st quarter. California Public Employees Retirement System now owns 186,592 shares of the energy producer’s stock valued at $250,000 after acquiring an additional 43,217 shares during the period. Cpwm LLC bought a new position in shares of Enterprise GP in the third quarter worth $289,000. Finally, Paloma Partners Management Co increased its holdings in shares of Enterprise GP by 131.3% in 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 period. 66.51% of the stock is owned by hedge funds and other institutional investors.

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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