Stifel Nicolaus set a $3.00 price target on EP Energy (NYSE:EPE) in a research report sent to investors on Monday. The brokerage currently has a hold rating on the energy producer’s stock.
Other research analysts have also recently issued research reports about the stock. Zacks Investment Research cut shares of EP Energy from a buy rating to a hold rating in a research report on Monday, January 22nd. ValuEngine cut shares of EP Energy from a sell rating to a strong sell rating in a research report on Friday, February 2nd. Bank of America decreased their target price 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. Johnson Rice assumed coverage on shares of EP Energy in a research report on Wednesday, March 21st. They issued a hold rating and a $2.00 target price on the stock. Finally, Deutsche Bank assumed coverage on shares of EP Energy in a research report on Thursday, February 1st. They issued a hold rating and a $2.50 target price on the stock. Eight investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and one has assigned a buy rating to the stock. The stock has a consensus rating of Hold and a consensus price target of $2.87.
NYSE EPE opened at $1.87 on Monday. EP Energy has a 12 month low of $1.26 and a 12 month high of $5.06. The company has a debt-to-equity ratio of 10.26, a quick ratio of 1.00 and a current ratio of 1.04. The stock has a market capitalization of $437.86, a price-to-earnings ratio of -4.79 and a beta of 3.91.
EP Energy (NYSE:EPE) last posted its 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 net margin of 18.20% and a negative return on equity of 19.42%. The company had revenue of $224.00 million for the quarter, compared to analysts’ expectations of $275.69 million. During the same quarter in the prior year, the company posted $0.12 earnings per share. analysts predict that EP Energy will post -0.3 EPS for the current fiscal year.
Several institutional investors and hedge funds have recently modified their holdings of the company. Millennium Management LLC lifted its position in shares of EP Energy by 162.3% during the fourth quarter. Millennium Management LLC now owns 118,026 shares of the energy producer’s stock worth $279,000 after purchasing an additional 73,026 shares in the last quarter. Luminus Management LLC raised its holdings in EP Energy by 457.6% in the fourth quarter. Luminus Management LLC now owns 2,230,380 shares of the energy producer’s stock valued at $5,264,000 after acquiring an additional 1,830,380 shares in the last quarter. Deutsche Bank AG raised its holdings in EP Energy by 181.4% in the fourth quarter. Deutsche Bank AG now owns 107,821 shares of the energy producer’s stock valued at $254,000 after acquiring an additional 69,509 shares in the last quarter. Spark Investment Management LLC raised its holdings 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 valued at $923,000 after acquiring an additional 57,077 shares in the last quarter. Finally, BlackRock Inc. raised its holdings in EP Energy by 5.3% in the fourth 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. 69.95% of the stock is currently owned by institutional investors and hedge funds.
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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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