Shares of Enterprise GP Holdings L.P. (NYSE:EPE) have earned an average rating of “Hold” from the thirteen ratings firms that are presently covering the stock, MarketBeat.com reports. Three investment analysts have rated the stock with a sell recommendation, nine have given a hold recommendation and one has assigned a buy recommendation to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $2.65.

Several equities analysts recently commented on EPE shares. ValuEngine upgraded Enterprise GP from a “hold” rating to a “buy” rating in a research note on Friday, June 1st. Zacks Investment Research upgraded Enterprise GP from a “hold” rating to a “buy” rating and set a $3.50 target price for the company in a research note on Thursday, June 21st. KLR Group reiterated a “hold” rating and issued a $3.00 target price on shares of Enterprise GP in a research note on Monday, August 20th. Finally, Stifel Nicolaus set a $3.00 target price on Enterprise GP and gave the company a “hold” rating in a research note on Thursday, July 19th.

In other Enterprise GP news, major shareholder Apollo Investment Fund Vii L. P sold 75,000 shares of the company’s stock in a transaction dated Monday, July 2nd. The stock was sold at an average price of $2.88, for a total transaction of $216,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Apollo Investment Fund Vii L. P sold 654,801 shares of the company’s stock in a transaction dated Friday, August 17th. The stock was sold at an average price of $1.43, for a total value of $936,365.43. The disclosure for this sale can be found here. Over the last 90 days, insiders have acquired 115,000 shares of company stock valued at $203,400 and have sold 11,681,350 shares valued at $24,792,256. Corporate insiders own 0.39% of the company’s stock.

Large investors have recently made changes to their positions in the business. Barclays PLC increased its stake in Enterprise GP by 95.8% during the first quarter. Barclays PLC now owns 78,710 shares of the energy producer’s stock worth $106,000 after acquiring an additional 38,504 shares during the last quarter. A.R.T. Advisors LLC boosted its position in shares of Enterprise GP by 55.6% in the first quarter. A.R.T. Advisors LLC now owns 117,653 shares of the energy producer’s stock worth $157,000 after buying an additional 42,060 shares during the period. California Public Employees Retirement System boosted its position in shares of Enterprise GP by 30.1% in the first quarter. California Public Employees Retirement System now owns 186,592 shares of the energy producer’s stock worth $250,000 after buying an additional 43,217 shares during the period. Fiera Capital Corp boosted its position in shares of Enterprise GP by 150.0% in the first quarter. Fiera Capital Corp now owns 500,000 shares of the energy producer’s stock worth $670,000 after buying an additional 300,000 shares during the period. Finally, Columbia Pacific Advisors LLC boosted its position in shares of Enterprise GP by 66.5% in the first quarter. Columbia Pacific Advisors LLC now owns 1,472,846 shares of the energy producer’s stock worth $1,974,000 after buying an additional 588,381 shares during the period. Institutional investors own 66.51% of the company’s stock.

Enterprise GP stock opened at $2.07 on Friday. The firm has a market capitalization of $532.54 million, a P/E ratio of -5.31 and a beta of 3.64. Enterprise GP has a 52 week low of $1.26 and a 52 week high of $3.54. The company has a quick ratio of 0.65, a current ratio of 0.69 and a debt-to-equity ratio of 12.09.

Enterprise GP (NYSE:EPE) last released its earnings results 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). The business had revenue of $329.00 million during the quarter, compared to analyst estimates of $318.46 million. Enterprise GP had a negative net margin of 18.51% and a negative return on equity of 16.50%. research analysts predict that Enterprise GP will post -0.07 EPS for the current year.

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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Analyst Recommendations for Enterprise GP (NYSE:EPE)

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