Enterprise GP (NYSE:EPE) Share Price Crosses Above 200 Day Moving Average of $0.00

Shares of Enterprise GP Holdings L.P. (NYSE:EPE) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $0.00 and traded as high as $0.06. Enterprise GP shares last traded at $0.06, with a volume of 357,677 shares changing hands.

Several research analysts have recently commented on the company. ValuEngine downgraded Enterprise GP from a “buy” rating to a “hold” rating in a research note on Wednesday, March 20th. Zacks Investment Research raised Enterprise GP from a “hold” rating to a “buy” rating and set a $0.25 target price for the company in a research report on Wednesday, May 15th. Four analysts have rated the stock with a hold rating and one has given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $2.06.

The company has a quick ratio of 0.52, a current ratio of 0.58 and a debt-to-equity ratio of 13.55. The stock’s 50-day simple moving average is $0.12. The stock has a market capitalization of $15.35 million, a price-to-earnings ratio of -0.32 and a beta of 2.98.

Enterprise GP (NYSE:EPE) last issued its earnings results on Wednesday, May 8th. The energy producer reported ($0.15) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.20) by $0.05. The business had revenue of $229.00 million during the quarter, compared to analyst estimates of $231.58 million. Enterprise GP had a negative return on equity of 50.52% and a negative net margin of 99.06%. Equities research analysts predict that Enterprise GP Holdings L.P. will post -0.51 earnings per share for the current fiscal year.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. SG Americas Securities LLC acquired a new position in shares of Enterprise GP during the 1st quarter worth approximately $42,000. Paloma Partners Management Co raised its position in shares of Enterprise GP by 120.7% during the 4th quarter. Paloma Partners Management Co now owns 1,379,200 shares of the energy producer’s stock worth $966,000 after purchasing an additional 754,199 shares during the last quarter. Geode Capital Management LLC grew its stake in Enterprise GP by 4.1% in the 4th quarter. Geode Capital Management LLC now owns 430,867 shares of the energy producer’s stock worth $301,000 after acquiring an additional 16,821 shares during the period. Finally, Rhumbline Advisers grew its stake in Enterprise GP by 36.6% in the 4th quarter. Rhumbline Advisers now owns 62,447 shares of the energy producer’s stock worth $44,000 after acquiring an additional 16,730 shares during the period. 62.55% of the stock is owned by institutional investors and hedge funds.

Enterprise GP Company Profile (NYSE:EPE)

EP Energy Corporation, an independent exploration and production company, engages in the acquisition and development of unconventional onshore oil and natural gas properties in the United States. Its assets are located primarily in three areas, such as the Eagle Ford Shale in South Texas; Northeastern Utah in the Uinta basin; and the Permian basin in West Texas.

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