EP Energy (NYSE:EPE) fell 7.5% on Friday . The stock traded as low as $1.32 and last traded at $1.35. 1,633,939 shares changed hands during mid-day trading, an increase of 106% from the average session volume of 793,160 shares. The stock had previously closed at $1.46.
Several research firms have recently weighed in on EPE. ValuEngine lowered shares of EP Energy from a “sell” rating to a “strong sell” rating in a report on Monday, April 2nd. Johnson Rice began coverage on shares of EP Energy in a report on Wednesday, March 21st. They issued a “hold” rating and a $2.00 target price on the stock. Wells Fargo lowered their target price on shares of EP Energy from $3.00 to $2.00 and set a “market perform” rating on the stock in a report on Monday, March 19th. Bank of America reduced their price target on shares of EP Energy from $3.00 to $2.00 and set an “underperform” rating on the stock in a research report on Thursday, March 8th. Finally, Deutsche Bank assumed coverage on shares of EP Energy in a research report on Thursday, February 1st. They set a “hold” rating and a $2.50 price target on the stock. Eight equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and one has assigned a buy rating to the stock. EP Energy has an average rating of “Hold” and an average target price of $2.87.
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 issued its quarterly earnings results on Wednesday, February 28th. The energy producer reported ($0.07) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.12) by $0.05. The business had revenue of $224.00 million for the quarter, compared to the consensus estimate of $275.69 million. EP Energy had a negative net margin of 18.20% and a negative return on equity of 19.42%. During the same quarter in the prior year, the company earned $0.12 EPS. research analysts predict that EP Energy will post -0.31 earnings per share for the current year.
A number of institutional investors have recently added to or reduced their stakes in EPE. SG Americas Securities LLC acquired a new position in EP Energy during the 3rd quarter valued at about $160,000. Deutsche Bank AG lifted its position in EP Energy by 181.4% during the 4th quarter. Deutsche Bank AG now owns 107,821 shares of the energy producer’s stock valued at $254,000 after purchasing an additional 69,509 shares during the period. Millennium Management LLC lifted its position in EP Energy by 162.3% during the 4th quarter. Millennium Management LLC now owns 118,026 shares of the energy producer’s stock valued at $279,000 after purchasing an additional 73,026 shares during the period. Schwab Charles Investment Management Inc. lifted its position in EP Energy by 207.8% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 186,220 shares of the energy producer’s stock valued at $440,000 after purchasing an additional 125,720 shares during the period. Finally, Spark Investment Management LLC lifted its position in EP Energy by 17.1% during the 4th quarter. Spark Investment Management LLC now owns 391,477 shares of the energy producer’s stock valued at $923,000 after purchasing an additional 57,077 shares during the period. Institutional investors own 69.95% of the company’s stock.
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EP Energy 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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