ValuEngine downgraded shares of EP Energy (NYSE:EPE) from a sell rating to a strong sell rating in a research report released on Friday, December 1st.
Several other analysts have also recently issued reports on the company. Royal Bank of Canada set a $5.00 price objective on EP Energy and gave the stock a hold rating in a report on Thursday, August 24th. Tudor Pickering lowered EP Energy from a buy rating to a sell rating in a report on Tuesday, September 5th. Zacks Investment Research upgraded EP Energy from a hold rating to a buy rating and set a $3.50 price target on the stock in a report on Monday, October 9th. J P Morgan Chase & Co lowered EP Energy from a neutral rating to an underweight rating in a report on Thursday, November 2nd. Finally, Stifel Nicolaus set a $3.00 price target on EP Energy and gave the company a hold rating in a report on Thursday, October 5th. Nine equities research analysts have rated the stock with a sell rating and seven have given a hold rating to the company. The stock currently has an average rating of Sell and a consensus price target of $3.68.
EP Energy (EPE) opened at $1.77 on Friday. EP Energy has a 52 week low of $1.54 and a 52 week high of $6.93. 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 issued its quarterly earnings data on Wednesday, November 1st. The energy producer reported ($0.12) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.13) by $0.01. The business had revenue of $219.00 million for the quarter, compared to analysts’ expectations of $264.90 million. EP Energy had a negative return on equity of 8.50% and a negative net margin of 25.44%. During the same period in the prior year, the firm earned $0.10 EPS. research analysts predict that EP Energy will post -0.46 earnings per share for the current fiscal year.
Institutional investors and hedge funds have recently bought and sold shares of the company. American International Group Inc. grew its position in shares of EP Energy by 7.1% during the 1st quarter. American International Group Inc. now owns 23,840 shares of the energy producer’s stock worth $113,000 after buying an additional 1,581 shares in the last quarter. Wells Fargo & Company MN boosted its position in EP Energy by 11.7% during the second quarter. Wells Fargo & Company MN now owns 28,848 shares of the energy producer’s stock valued at $106,000 after purchasing an additional 3,028 shares in the last quarter. SG Americas Securities LLC bought a new stake in EP Energy during the third quarter valued at about $160,000. Public Employees Retirement System of Ohio boosted its position in EP Energy by 7.5% during the first quarter. Public Employees Retirement System of Ohio now owns 53,428 shares of the energy producer’s stock valued at $254,000 after purchasing an additional 3,715 shares in the last quarter. Finally, Rhumbline Advisers boosted its position in EP Energy by 0.6% during the second quarter. Rhumbline Advisers now owns 58,536 shares of the energy producer’s stock valued at $214,000 after purchasing an additional 375 shares in the last quarter. 68.93% of the stock is currently owned by institutional investors and hedge funds.
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).
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