Stock analysts at Robert W. Baird started coverage on shares of EP Energy (NYSE:EPE) in a note issued to investors on Tuesday, December 19th, Marketbeat reports. The brokerage set an “outperform” rating and a $2.00 price target on the energy producer’s stock. Robert W. Baird’s price target would suggest a potential downside of 19.35% from the stock’s current price.
A number of other brokerages also recently commented on EPE. Tudor Pickering downgraded EP Energy from a “buy” rating to a “sell” rating in a research report on Tuesday, September 5th. Zacks Investment Research upgraded EP Energy from a “hold” rating to a “buy” rating and set a $3.50 price objective on the stock in a research report on Monday, October 9th. ValuEngine downgraded EP Energy from a “sell” rating to a “strong sell” rating in a research report on Friday, December 1st. Stifel Nicolaus set a $3.00 price objective on EP Energy and gave the stock a “hold” rating in a research report on Thursday, October 5th. Finally, Royal Bank of Canada set a $5.00 price objective on EP Energy and gave the stock a “hold” rating in a research report on Thursday, August 24th. Nine equities research analysts have rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $3.54.
EP Energy (NYSE:EPE) traded up $0.01 during midday trading on Tuesday, hitting $2.48. The stock had a trading volume of 658,710 shares, compared to its average volume of 902,782. The stock has a market capitalization of $631.58, a P/E ratio of -2.34 and a beta of 4.45. EP Energy has a 1-year low of $1.54 and a 1-year high of $6.32. 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 (NYSE:EPE) last released its earnings results on Wednesday, November 1st. The energy producer reported ($0.12) earnings per share for the quarter, beating the consensus estimate of ($0.13) by $0.01. The business had revenue of $219.00 million for the quarter, compared to the consensus estimate of $264.90 million. EP Energy had a negative return on equity of 8.50% and a negative net margin of 25.44%. During the same quarter last year, the business posted $0.10 earnings per share. research analysts forecast that EP Energy will post -0.42 EPS for the current fiscal year.
Several hedge funds and other institutional investors have recently modified their holdings of EPE. Wells Fargo & Company MN grew its stake in shares of EP Energy by 11.7% in the second quarter. Wells Fargo & Company MN now owns 28,848 shares of the energy producer’s stock valued at $106,000 after buying an additional 3,028 shares in the last quarter. SG Americas Securities LLC acquired a new stake in shares of EP Energy in the third quarter valued at $160,000. Rhumbline Advisers grew its stake in shares of EP Energy by 0.6% in the second quarter. Rhumbline Advisers now owns 58,536 shares of the energy producer’s stock valued at $214,000 after buying an additional 375 shares in the last quarter. Strs Ohio acquired a new stake in shares of EP Energy in the second quarter valued at $292,000. Finally, Virtu KCG Holdings LLC grew its stake in shares of EP Energy by 86.4% in the second quarter. Virtu KCG Holdings LLC now owns 82,065 shares of the energy producer’s stock valued at $300,000 after buying an additional 38,029 shares in the last quarter. 68.89% of the stock is owned by institutional investors and hedge funds.
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About EP Energy
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).
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