EP Energy (NYSE:EPE) has been given a consensus rating of “Hold” by the eighteen brokerages that are covering the stock, MarketBeat Ratings reports. Eight analysts have rated the stock with a sell rating, nine have given a hold rating and one has issued a buy rating on the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $2.88.
Several equities analysts have recently commented on EPE shares. Robert W. Baird increased their target price on EP Energy from $2.00 to $5.00 and gave the company an “outperform” rating in a research note on Tuesday, January 2nd. Zacks Investment Research upgraded EP Energy from a “hold” rating to a “buy” rating and set a $2.50 target price for the company in a research note on Wednesday, January 10th. ValuEngine cut EP Energy from a “hold” rating to a “sell” rating in a research note on Wednesday, March 7th. Stifel Nicolaus set a $3.00 target price on EP Energy and gave the company a “hold” rating in a research note on Tuesday, January 30th. Finally, Royal Bank of Canada set a $3.00 target price on EP Energy and gave the company a “hold” rating in a research note on Wednesday, December 20th.
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. SG Americas Securities LLC acquired a new stake in EP Energy in the third quarter worth $160,000. Deutsche Bank AG increased its position in EP Energy by 181.4% in the fourth quarter. Deutsche Bank AG now owns 107,821 shares of the energy producer’s stock worth $254,000 after buying an additional 69,509 shares during the period. Millennium Management LLC increased its position in EP Energy by 162.3% in the fourth quarter. Millennium Management LLC now owns 118,026 shares of the energy producer’s stock worth $279,000 after buying an additional 73,026 shares during the period. Schwab Charles Investment Management Inc. increased its position in EP Energy by 207.8% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 186,220 shares of the energy producer’s stock worth $440,000 after buying an additional 125,720 shares during the period. Finally, Spark Investment Management LLC increased its position in EP Energy by 17.1% in the fourth quarter. Spark Investment Management LLC now owns 391,477 shares of the energy producer’s stock worth $923,000 after buying an additional 57,077 shares during the period. Hedge funds and other institutional investors own 69.95% of the company’s stock.
NYSE:EPE traded down $0.11 during trading hours on Friday, hitting $1.35. The stock had a trading volume of 1,633,939 shares, compared to its average volume of 690,818. The company has a quick ratio of 1.00, a current ratio of 1.04 and a debt-to-equity ratio of 10.26. EP Energy has a 1-year low of $1.26 and a 1-year high of $5.27. The company has a market capitalization of $339.72, a price-to-earnings ratio of -3.46 and a beta of 3.92.
EP Energy (NYSE:EPE) last issued its quarterly earnings data on Wednesday, February 28th. The energy producer reported ($0.07) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.12) by $0.05. EP Energy had a negative net margin of 18.20% and a negative return on equity of 19.42%. The company had revenue of $224.00 million during the quarter, compared to the consensus estimate of $275.69 million. During the same quarter last year, the company earned $0.12 earnings per share. equities analysts anticipate that EP Energy will post -0.31 earnings per share for the current year.
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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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