ValuEngine downgraded shares of EP Energy (NYSE:EPE) from a sell rating to a strong sell rating in a report published on Saturday, March 17th.
Several other brokerages have also issued reports on EPE. Stifel Nicolaus set a $3.00 target price on EP Energy and gave the stock a hold rating in a research report on Tuesday, January 30th. Royal Bank of Canada set a $3.00 target price on EP Energy and gave the stock a hold rating in a research report on Wednesday, December 20th. Zacks Investment Research lowered EP Energy from a buy rating to a hold rating in a research report on Monday, January 22nd. Deutsche Bank assumed coverage on EP Energy in a report on Thursday, February 1st. They set a hold rating and a $2.50 price target for the company. Finally, Bank of America decreased their price target on EP Energy from $3.00 to $2.00 and set an underperform rating for the company in a report on Thursday, March 8th. Eight equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and one has given a buy rating to the stock. EP Energy presently has a consensus rating of Hold and a consensus price target of $2.87.
Shares of EPE traded down $0.11 during trading hours on Friday, reaching $1.35. The stock had a trading volume of 1,633,939 shares, compared to its average volume of 690,818. EP Energy has a 12 month low of $1.26 and a 12 month high of $5.27. The stock has a market capitalization of $339.72, a price-to-earnings ratio of -3.46 and a beta of 3.92. The company has a debt-to-equity ratio of 10.26, a quick ratio of 1.00 and a current ratio of 1.04.
EP Energy (NYSE:EPE) last announced its quarterly earnings results on Wednesday, February 28th. The energy producer reported ($0.07) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.12) by $0.05. EP Energy had a negative return on equity of 19.42% and a negative net margin of 18.20%. The company had revenue of $224.00 million during the quarter, compared to analysts’ expectations of $275.69 million. During the same period in the prior year, the company earned $0.12 EPS. equities analysts forecast that EP Energy will post -0.31 EPS for the current year.
Several institutional investors and hedge funds have recently modified their holdings of EPE. Luminus Management LLC grew its stake in shares of EP Energy by 457.6% in the 4th quarter. Luminus Management LLC now owns 2,230,380 shares of the energy producer’s stock valued at $5,264,000 after buying an additional 1,830,380 shares during the period. First Trust Advisors LP bought a new position in EP Energy in the 4th quarter valued at about $986,000. BlackRock Inc. lifted its position in EP Energy by 5.3% in the 4th quarter. BlackRock Inc. now owns 4,045,762 shares of the energy producer’s stock valued at $9,548,000 after acquiring an additional 203,147 shares in the last quarter. Cpwm LLC lifted its position in EP Energy by 31.9% in the 4th quarter. Cpwm LLC now owns 570,500 shares of the energy producer’s stock valued at $1,346,000 after acquiring an additional 137,968 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. lifted its position in EP Energy by 207.8% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 186,220 shares of the energy producer’s stock valued at $440,000 after acquiring an additional 125,720 shares in the last quarter. Institutional investors own 69.95% of the company’s stock.
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About EP Energy
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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