Enterprise GP Holdings L.P. common stock (EPE) Downgraded by Zacks Investment Research to Hold

Zacks Investment Research downgraded shares of Enterprise GP Holdings L.P. common stock (NYSE:EPE) from a buy rating to a hold rating in a research note issued to investors on Monday, August 6th.

According to Zacks, “EP Energy Corporation is involved in the acquisition and development of unconventional onshore oil and natural gas. The company’s assets consist of the Eagle Ford Shale in South Texas, the Wolfcamp Shale in Permian Basin in West Texas, the Altamont field in the Uinta Basin in Utah and the Haynesville Shale in North Louisiana. EP Energy Corporation is based in Houston, United States. “

Several other equities research analysts have also issued reports on the stock. Stifel Nicolaus set a $3.00 price target on shares of Enterprise GP Holdings L.P. common stock and gave the stock a hold rating in a research note on Thursday, July 19th. ValuEngine lowered shares of Enterprise GP Holdings L.P. common stock from a buy rating to a hold rating in a research note on Friday, June 15th. Finally, KLR Group downgraded shares of Enterprise GP Holdings L.P. common stock from a buy rating to a hold rating and set a $3.00 price objective for the company. in a report on Monday, May 14th. Four equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and one has issued a buy rating to the stock. The company has a consensus rating of Hold and a consensus price target of $2.61.

NYSE:EPE traded down $0.02 on Monday, hitting $1.75. The stock had a trading volume of 497,000 shares, compared to its average volume of 1,101,121. The company has a debt-to-equity ratio of 12.09, a quick ratio of 0.65 and a current ratio of 0.69. The firm has a market cap of $450.21 million, a price-to-earnings ratio of -4.51 and a beta of 3.78. Enterprise GP Holdings L.P. common stock has a 1 year low of $1.26 and a 1 year high of $3.54.

Enterprise GP Holdings L.P. common stock (NYSE:EPE) last posted its quarterly earnings data on Thursday, August 9th. The energy producer reported ($0.01) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.01 by ($0.02). Enterprise GP Holdings L.P. common stock had a negative net margin of 18.51% and a negative return on equity of 16.50%. The firm had revenue of $329.00 million during the quarter, compared to analysts’ expectations of $318.46 million. sell-side analysts forecast that Enterprise GP Holdings L.P. common stock will post -0.03 earnings per share for the current year.

In other news, VP Jace D. Locke purchased 15,000 shares of the business’s stock in a transaction on Friday, August 24th. The stock was purchased at an average cost of $1.76 per share, with a total value of $26,400.00. Following the acquisition, the vice president now directly owns 213,714 shares in the company, valued at $376,136.64. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Also, major shareholder Apollo Investment Fund Vii L. P sold 654,801 shares of the firm’s stock in a transaction on Friday, August 17th. The shares were sold at an average price of $1.43, for a total transaction of $936,365.43. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 11,681,350 shares of company stock valued at $24,792,256. 0.39% of the stock is owned by insiders.

Large investors have recently made changes to their positions in the business. Barclays PLC boosted its holdings in Enterprise GP Holdings L.P. common stock by 95.8% in the 1st quarter. Barclays PLC now owns 78,710 shares of the energy producer’s stock valued at $106,000 after purchasing an additional 38,504 shares during the period. A.R.T. Advisors LLC boosted its holdings in Enterprise GP Holdings L.P. common stock by 55.6% in the 1st quarter. A.R.T. Advisors LLC now owns 117,653 shares of the energy producer’s stock valued at $157,000 after purchasing an additional 42,060 shares during the period. California Public Employees Retirement System raised its position in shares of Enterprise GP Holdings L.P. common stock 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 buying an additional 43,217 shares in the last quarter. Deutsche Bank AG raised its position in shares of Enterprise GP Holdings L.P. common stock by 181.4% during the 4th quarter. Deutsche Bank AG now owns 107,821 shares of the energy producer’s stock valued at $254,000 after buying an additional 69,509 shares in the last quarter. Finally, Millennium Management LLC raised its position in shares of Enterprise GP Holdings L.P. common stock by 162.3% during the 4th quarter. Millennium Management LLC now owns 118,026 shares of the energy producer’s stock valued at $279,000 after buying an additional 73,026 shares in the last quarter. 66.51% of the stock is owned by hedge funds and other institutional investors.

About Enterprise GP Holdings L.P. common stock

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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