ValuEngine Downgrades EP Energy (NYSE:EPE) to Sell

ValuEngine downgraded shares of EP Energy (NYSE:EPE) from a hold rating to a sell rating in a report issued on Wednesday, November 15th.

EPE has been the topic of a number of other research reports. Tudor Pickering lowered EP Energy from a buy rating to a sell rating in a report on Tuesday, September 5th. Zacks Investment Research raised EP Energy from a hold rating to a buy rating and set a $3.50 price objective on the stock in a report on Monday, October 9th. Stifel Nicolaus set a $3.00 price objective on EP Energy and gave the company a hold rating in a report on Thursday, October 5th. Royal Bank Of Canada set a $5.00 price objective on EP Energy and gave the company a hold rating in a report on Thursday, August 24th. Finally, J P Morgan Chase & Co lowered EP Energy from a neutral rating to an underweight rating in a report on Thursday, November 2nd. Nine equities research analysts have rated the stock with a sell rating and seven have issued a hold rating to the company’s stock. The stock has a consensus rating of Sell and an average target price of $3.68.

EP Energy (NYSE EPE) traded down $0.06 during midday trading on Wednesday, hitting $1.74. The company had a trading volume of 680,352 shares, compared to its average volume of 1,039,419. The company has a debt-to-equity ratio of 8.01, a quick ratio of 0.65 and a current ratio of 0.69. EP Energy has a 52-week low of $1.73 and a 52-week high of $7.49.

EP Energy (NYSE:EPE) last announced its quarterly earnings data on Wednesday, November 1st. The energy producer reported ($0.12) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.13) by $0.01. EP Energy had a negative return on equity of 8.50% and a negative net margin of 25.44%. The company had revenue of $219.00 million for the quarter, compared to analyst estimates of $264.90 million. During the same quarter in the previous year, the company earned $0.10 EPS. analysts predict that EP Energy will post -0.46 earnings per share for the current fiscal year.

Hedge funds have recently bought and sold shares of the company. American International Group Inc. lifted its position in shares of EP Energy by 7.1% during the 1st quarter. American International Group Inc. now owns 23,840 shares of the energy producer’s stock valued at $113,000 after acquiring an additional 1,581 shares during the period. Wells Fargo & Company MN lifted its position in shares of EP Energy by 11.7% during the 2nd quarter. Wells Fargo & Company MN now owns 28,848 shares of the energy producer’s stock valued at $106,000 after acquiring an additional 3,028 shares during the period. KCG Holdings Inc. lifted its position in shares of EP Energy by 24.4% during the 1st quarter. KCG Holdings Inc. now owns 44,036 shares of the energy producer’s stock valued at $209,000 after acquiring an additional 8,645 shares during the period. SG Americas Securities LLC acquired a new position in shares of EP Energy during the 3rd quarter worth approximately $160,000. Finally, Public Employees Retirement System of Ohio raised its position in shares of EP Energy by 7.5% during the 1st quarter. Public Employees Retirement System of Ohio now owns 53,428 shares of the energy producer’s stock worth $254,000 after purchasing an additional 3,715 shares during the last quarter. Institutional investors own 68.93% of the company’s stock.

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EP Energy Company Profile

EP Energy Corporation (EP Energy) is an independent exploration and production company. The Company is engaged in the acquisition and development of unconventional onshore oil and natural gas properties in the United States. The Company operates through a base of producing assets. It is involved in the development of its drilling inventory located in three areas: the Eagle Ford Shale (South Texas), the Wolfcamp Shale (Permian Basin in West Texas) and the Altamont Field in the Uinta Basin (Northeastern Utah).

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for EP Energy (NYSE:EPE)

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