$301.17 Million in Sales Expected for Enterprise GP Holdings L.P. (EPE) This Quarter

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Wall Street brokerages expect that Enterprise GP Holdings L.P. (NYSE:EPE) will post sales of $301.17 million for the current quarter, according to Zacks Investment Research. Five analysts have provided estimates for Enterprise GP’s earnings, with the highest sales estimate coming in at $326.00 million and the lowest estimate coming in at $287.00 million. Enterprise GP reported sales of $224.00 million during the same quarter last year, which indicates a positive year over year growth rate of 34.5%. The business is expected to issue its next quarterly earnings results on Wednesday, February 27th.

According to Zacks, analysts expect that Enterprise GP will report full year sales of $1.20 billion for the current year, with estimates ranging from $1.13 billion to $1.26 billion. For the next fiscal year, analysts anticipate that the business will report sales of $1.19 billion, with estimates ranging from $1.03 billion to $1.34 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research firms that cover Enterprise GP.

Enterprise GP (NYSE:EPE) last issued its quarterly earnings data on Wednesday, November 7th. The energy producer reported ($0.04) EPS for the quarter, missing analysts’ consensus estimates 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 business had revenue of $338.00 million during the quarter, compared to analysts’ expectations of $322.15 million.

A number of equities analysts have commented on the stock. BMO Capital Markets reissued a “hold” rating and issued a $2.00 price objective on shares of Enterprise GP in a research note on Tuesday, November 13th. Zacks Investment Research cut shares of Enterprise GP from a “hold” rating to a “sell” rating in a research note on Tuesday, December 25th. Two equities research analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company. The stock has a consensus rating of “Hold” and an average target price of $2.34.

Large investors have recently modified their holdings of the business. Marshall Wace LLP purchased a new position in shares of Enterprise GP in the 3rd quarter worth $1,038,000. Paloma Partners Management Co grew its stake in shares of Enterprise GP by 131.3% in the 3rd quarter. Paloma Partners Management Co now owns 625,001 shares of the energy producer’s stock worth $1,462,000 after buying an additional 354,788 shares in the last quarter. Cpwm LLC purchased a new position in shares of Enterprise GP during the 3rd quarter worth about $289,000. Finally, Rhumbline Advisers boosted its stake in shares of Enterprise GP by 36.6% during the 4th quarter. Rhumbline Advisers now owns 62,447 shares of the energy producer’s stock worth $44,000 after purchasing an additional 16,730 shares during the period. 64.33% of the stock is owned by institutional investors and hedge funds.

Shares of NYSE:EPE traded down $0.03 on Thursday, reaching $0.69. The company’s stock had a trading volume of 1,128,554 shares, compared to its average volume of 769,245. Enterprise GP has a 52-week low of $0.62 and a 52-week high of $3.50. The stock has a market capitalization of $184.98 million, a P/E ratio of -1.77 and a beta of 3.43. The company has a quick ratio of 0.53, a current ratio of 0.56 and a debt-to-equity ratio of 13.55.

About Enterprise GP

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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