Enterprise GP (NYSE:EPE) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued to investors on Wednesday, Zacks.com reports. The firm currently has a $0.25 price target on the energy producer’s stock. Zacks Investment Research‘s target price would suggest a potential upside of 19.05% from the stock’s previous close.

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. “

Separately, ValuEngine cut Enterprise GP from a “buy” rating to a “hold” rating in a research note on Wednesday, March 20th. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $2.06.

Shares of EPE remained flat at $$0.21 during mid-day trading on Wednesday. The stock had a trading volume of 1,147,200 shares, compared to its average volume of 1,148,124. The company has a quick ratio of 0.52, a current ratio of 0.58 and a debt-to-equity ratio of 13.55. Enterprise GP has a 52-week low of $0.20 and a 52-week high of $3.50. The stock has a market capitalization of $53.63 million, a PE ratio of -0.84 and a beta of 2.98.

Enterprise GP (NYSE:EPE) last posted its earnings results on Wednesday, May 8th. The energy producer reported ($0.15) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.20) by $0.05. Enterprise GP had a negative return on equity of 50.52% and a negative net margin of 99.06%. The firm had revenue of $229.00 million for the quarter, compared to analysts’ expectations of $231.58 million. As a group, analysts forecast that Enterprise GP will post -0.55 earnings per share for the current fiscal year.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Rhumbline Advisers grew its stake in Enterprise GP by 36.6% in the fourth 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. Geode Capital Management LLC grew its stake in Enterprise GP by 4.1% in the fourth quarter. Geode Capital Management LLC now owns 430,867 shares of the energy producer’s stock worth $301,000 after purchasing an additional 16,821 shares during the period. Paloma Partners Management Co grew its stake in Enterprise GP by 120.7% in the fourth 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 period. Finally, SG Americas Securities LLC purchased a new stake in Enterprise GP in the first quarter worth $42,000. 63.42% of the stock is currently owned by hedge funds and other institutional investors.

Enterprise GP Company Profile

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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