Enterprise GP Holdings L.P. (NYSE:EPE) dropped 5.2% during trading on Tuesday . The stock traded as low as $0.64 and last traded at $0.67. Approximately 766,404 shares were traded during trading, an increase of 1% from the average daily volume of 757,348 shares. The stock had previously closed at $0.71.

EPE has been the topic of several analyst reports. BMO Capital Markets reissued a “hold” rating and set a $2.00 price target on shares of Enterprise GP in a research report on Tuesday, November 13th. Zacks Investment Research cut shares of Enterprise GP from a “hold” rating to a “sell” rating in a research report on Tuesday, December 25th. Two research analysts have rated the stock with a sell rating and seven have issued a hold rating to the company. The company currently has an average rating of “Hold” and an average target price of $2.34.

The company has a debt-to-equity ratio of 13.55, a quick ratio of 0.53 and a current ratio of 0.56. The firm has a market cap of $181.38 million, a PE ratio of -1.72 and a beta of 3.43.

Enterprise GP (NYSE:EPE) last issued its earnings results on Wednesday, November 7th. The energy producer reported ($0.04) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.02) by ($0.02). The firm had revenue of $338.00 million during the quarter, compared to the consensus estimate of $322.15 million. Enterprise GP had a negative net margin of 14.59% and a negative return on equity of 12.75%. On average, equities analysts predict that Enterprise GP Holdings L.P. will post -0.2 EPS for the current year.

Several hedge funds have recently modified their holdings of EPE. Cpwm LLC bought a new stake in shares of Enterprise GP in the 3rd quarter valued at about $289,000. Paloma Partners Management Co raised its holdings 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 valued at $1,462,000 after purchasing an additional 354,788 shares during the period. Finally, Marshall Wace LLP bought a new stake in shares of Enterprise GP in the 3rd quarter valued at about $1,038,000. 64.33% of the stock is currently owned by institutional investors.

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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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