EP Energy (NYSE:EPE) – Research analysts at Capital One Financial boosted their Q1 2018 earnings estimates for EP Energy in a note issued to investors on Thursday, April 12th. Capital One Financial analyst P. Johnston now forecasts that the energy producer will post earnings of ($0.03) per share for the quarter, up from their prior estimate of ($0.06). Capital One Financial also issued estimates for EP Energy’s Q2 2018 earnings at ($0.04) EPS and FY2018 earnings at ($0.14) EPS.
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, topping analysts’ consensus estimates 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 firm had revenue of $224.00 million during the quarter, compared to the consensus estimate of $275.69 million. During the same period last year, the company earned $0.12 EPS.
EPE has been the subject of a number of other reports. Zacks Investment Research upgraded EP Energy from a “hold” rating to a “buy” rating and set a $2.75 target price for the company in a report on Friday, January 19th. ValuEngine cut EP Energy from a “hold” rating to a “sell” rating in a report on Wednesday, March 7th. Robert W. Baird assumed coverage on EP Energy in a report on Tuesday, December 19th. They set an “outperform” rating and a $2.00 target price for the company. Bank of America lowered their target price on EP Energy from $3.00 to $2.00 and set an “underperform” rating for the company in a report on Thursday, March 8th. Finally, Deutsche Bank assumed coverage on EP Energy in a report on Thursday, February 1st. They set a “hold” rating and a $2.50 target price for the company. Eight research analysts have rated the stock with a sell rating, nine have issued a hold rating and one has issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $2.87.
Shares of EP Energy stock opened at $1.55 on Monday. EP Energy has a 12 month low of $1.26 and a 12 month high of $5.06. The stock has a market cap of $374.95, a P/E ratio of -3.97 and a beta of 3.91. The company has a debt-to-equity ratio of 10.26, a current ratio of 1.04 and a quick ratio of 1.00.
Institutional investors and hedge funds have recently made changes to their positions in the company. First Trust Advisors LP purchased a new position in shares of EP Energy in the 4th quarter valued at about $986,000. Schwab Charles Investment Management Inc. boosted its stake in shares of 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 buying an additional 125,720 shares during the period. Spark Investment Management LLC boosted its stake in shares of EP Energy by 17.1% in the 4th quarter. Spark Investment Management LLC now owns 391,477 shares of the energy producer’s stock valued at $923,000 after buying an additional 57,077 shares during the period. Luminus Management LLC boosted 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. Finally, SG Americas Securities LLC purchased a new position in shares of EP Energy in the 3rd quarter valued at about $160,000. Institutional investors and hedge funds 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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