Enterprise GP (EPE) Posts Earnings Results, Misses Estimates By $0.02 EPS

Enterprise GP (NYSE:EPE) issued its quarterly earnings data on Wednesday. The energy producer reported ($0.04) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.02) by ($0.02), Fidelity Earnings reports. The company had revenue of $338.00 million for the quarter, compared to analyst estimates of $322.15 million. Enterprise GP had a negative net margin of 18.51% and a negative return on equity of 16.50%.

NYSE:EPE traded down $0.23 during mid-day trading on Thursday, hitting $1.64. 696,784 shares of the company’s stock traded hands, compared to its average volume of 840,615. Enterprise GP has a 12 month low of $1.26 and a 12 month high of $3.50. The company has a market cap of $473.37 million, a price-to-earnings ratio of -4.21 and a beta of 3.50. The company has a quick ratio of 0.65, a current ratio of 0.69 and a debt-to-equity ratio of 12.09.

In other Enterprise GP news, insider Chad D. England bought 50,000 shares of the firm’s stock in a transaction that occurred on Monday, September 10th. The stock was purchased at an average price of $1.77 per share, for a total transaction of $88,500.00. Following the purchase, the insider now directly owns 150,943 shares in the company, valued at $267,169.11. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Apollo Investment Fund Vii L. P sold 568,288 shares of the stock in a transaction that occurred on Monday, August 13th. The shares were sold at an average price of $1.64, for a total value of $931,992.32. The disclosure for this sale can be found here. In the last 90 days, insiders have purchased 115,000 shares of company stock valued at $203,400 and have sold 4,269,779 shares valued at $6,964,175. 0.39% of the stock is owned by corporate insiders.

A number of research analysts have recently commented on the company. 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. Zacks Investment Research raised Enterprise GP from a “hold” rating to a “buy” rating and set a $2.25 price objective on the stock in a report on Wednesday, August 8th. Finally, KLR Group reissued a “hold” rating and set a $3.00 price objective on shares of Enterprise GP in a report on Monday, August 20th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and one has issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $2.75.

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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 for Enterprise GP (NYSE:EPE)

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