EP Energy (EPE) Lowered to “Strong Sell” at ValuEngine

ValuEngine lowered shares of EP Energy (NYSE:EPE) from a sell rating to a strong sell rating in a research note released on Friday morning.

Several other equities research analysts have also commented on the stock. Royal Bank Of Canada set a $5.00 price target on shares of EP Energy and gave the company a hold rating in a research report on Thursday, August 24th. Tudor Pickering lowered shares of EP Energy from a buy rating to a sell rating in a research report on Tuesday, September 5th. Zacks Investment Research raised shares of EP Energy from a hold rating to a buy rating and set a $3.50 price target for the company in a research report on Monday, October 9th. J P Morgan Chase & Co lowered shares of EP Energy from a neutral rating to an underweight rating in a research report on Thursday, November 2nd. Finally, Stifel Nicolaus set a $3.00 target price on shares of EP Energy and gave the stock a hold rating in a report on Thursday, October 5th. Nine analysts have rated the stock with a sell rating and seven have issued a hold rating to the company. The company presently has a consensus rating of Sell and an average price target of $3.68.

Shares of EP Energy (NYSE:EPE) opened at $1.74 on Friday. EP Energy has a 52-week low of $1.73 and a 52-week high of $7.49. The company has a current ratio of 0.69, a quick ratio of 0.65 and a debt-to-equity ratio of 8.01.

EP Energy (NYSE:EPE) last released its quarterly earnings results on Wednesday, November 1st. The energy producer reported ($0.12) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.13) by $0.01. EP Energy had a negative net margin of 25.44% and a negative return on equity of 8.50%. The firm had revenue of $219.00 million during the quarter, compared to analyst estimates of $264.90 million. During the same quarter in the prior year, the firm earned $0.10 EPS. sell-side analysts expect that EP Energy will post -0.46 earnings per share for the current fiscal year.

Institutional investors have recently added to or reduced their stakes in the stock. American International Group Inc. increased its holdings in EP Energy by 7.1% in the 1st quarter. American International Group Inc. now owns 23,840 shares of the energy producer’s stock worth $113,000 after acquiring an additional 1,581 shares in the last quarter. Wells Fargo & Company MN increased its holdings in EP Energy by 11.7% in the 2nd quarter. Wells Fargo & Company MN now owns 28,848 shares of the energy producer’s stock worth $106,000 after acquiring an additional 3,028 shares in the last quarter. SG Americas Securities LLC purchased a new stake in EP Energy in the 3rd quarter worth approximately $160,000. Public Employees Retirement System of Ohio increased its holdings in EP Energy by 7.5% in the 1st quarter. Public Employees Retirement System of Ohio now owns 53,428 shares of the energy producer’s stock worth $254,000 after acquiring an additional 3,715 shares in the last quarter. Finally, Rhumbline Advisers increased its holdings in EP Energy by 0.6% in the 2nd quarter. Rhumbline Advisers now owns 58,536 shares of the energy producer’s stock worth $214,000 after acquiring an additional 375 shares in the last quarter. 68.93% of the stock is owned by institutional investors.

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About EP Energy

EP Energy Corporation (EP Energy) is an independent exploration and production company. The Company is engaged in the acquisition and development of unconventional onshore oil and natural gas properties in the United States. The Company operates through a base of producing assets. It is involved in the development of its drilling inventory located in three areas: the Eagle Ford Shale (South Texas), the Wolfcamp Shale (Permian Basin in West Texas) and the Altamont Field in the Uinta Basin (Northeastern Utah).

To view ValuEngine’s full report, visit ValuEngine’s official website.

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