Enterprise GP (EPE) Hits New 52-Week Low at $1.00

Shares of Enterprise GP Holdings L.P. (NYSE:EPE) reached a new 52-week low during trading on Thursday . The stock traded as low as $1.00 and last traded at $1.02, with a volume of 72430 shares traded. The stock had previously closed at $1.09.

EPE has been the subject of several recent analyst reports. Zacks Investment Research cut shares of Enterprise GP from a “buy” rating to a “hold” rating in a research note on Monday, August 13th. KLR Group restated a “hold” rating and issued a $3.00 target price on shares of Enterprise GP in a research note on Monday, August 20th. Finally, BMO Capital Markets restated a “hold” rating and issued a $2.00 target price on shares of Enterprise GP in a research note on Tuesday, November 13th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and one has issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $2.68.

The company has a market capitalization of $280.03 million, a P/E ratio of -2.64 and a beta of 3.41. The company has a current ratio of 0.56, a quick ratio of 0.53 and a debt-to-equity ratio of 13.55.

Enterprise GP (NYSE:EPE) last released its earnings results on Wednesday, November 7th. The energy producer reported ($0.04) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.02) by ($0.02). Enterprise GP had a negative return on equity of 12.75% and a negative net margin of 14.59%. The firm had revenue of $338.00 million during the quarter, compared to analyst estimates of $322.15 million. On average, research analysts forecast that Enterprise GP Holdings L.P. will post -0.15 earnings per share for the current year.

In other news, insider Chad D. England bought 50,000 shares of Enterprise GP stock in a transaction dated Monday, September 10th. The stock was bought at an average price of $1.77 per share, for a total transaction of $88,500.00. Following the purchase, the insider now owns 150,943 shares of the company’s stock, valued at $267,169.11. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.39% of the stock is currently owned by company insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Cpwm LLC acquired a new stake in shares of Enterprise GP in the third quarter valued at about $289,000. Marshall Wace LLP acquired a new stake in shares of Enterprise GP in the third quarter valued at about $1,038,000. Finally, Paloma Partners Management Co lifted its stake 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 valued at $1,462,000 after purchasing an additional 354,788 shares during the period. Hedge funds and other institutional investors own 64.29% of the company’s stock.

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Enterprise GP Company Profile (NYSE:EPE)

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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