Wall Street analysts expect that EP Energy (NYSE:EPE) will report $282.34 million in sales for the current fiscal quarter, according to Zacks Investment Research. Four analysts have issued estimates for EP Energy’s earnings, with estimates ranging from $264.90 million to $304.00 million. EP Energy reported sales of $327.00 million during the same quarter last year, which indicates a negative year over year growth rate of 13.7%. The company is scheduled to report its next earnings results on Thursday, May 3rd.
On average, analysts expect that EP Energy will report full-year sales of $1.21 billion for the current year, with estimates ranging from $1.10 billion to $1.31 billion. For the next financial year, analysts expect that the business will report sales of $1.21 billion per share, with estimates ranging from $1.03 billion to $1.31 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that that provide coverage for EP Energy.
EP Energy (NYSE:EPE) last posted its earnings results on Wednesday, February 28th. The energy producer reported ($0.07) earnings per share for the quarter, beating the Thomson Reuters’ 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 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 firm posted $0.12 EPS.
Several research firms have weighed in on EPE. ValuEngine downgraded 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 set a “hold” rating and a $2.00 target price for the company. Wells Fargo dropped their target price on shares of EP Energy from $3.00 to $2.00 and set a “market perform” rating for the company in a report on Monday, March 19th. Bank of America decreased 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 note on Thursday, March 8th. Finally, Deutsche Bank initiated coverage on shares of EP Energy in a research note on Thursday, February 1st. They set a “hold” rating and a $2.50 price target on the stock. Eight investment analysts have rated the stock with a sell rating, nine have issued a hold rating and one has given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $2.87.
Several institutional investors have recently added to or reduced their stakes in the business. BlackRock Inc. boosted its stake in shares of EP Energy by 5.3% during the 4th quarter. BlackRock Inc. now owns 4,045,762 shares of the energy producer’s stock worth $9,548,000 after purchasing an additional 203,147 shares during the last quarter. Luminus Management LLC boosted its position in shares of EP Energy by 457.6% in the fourth quarter. Luminus Management LLC now owns 2,230,380 shares of the energy producer’s stock worth $5,264,000 after acquiring an additional 1,830,380 shares during the last quarter. State Street Corp boosted its position in shares of EP Energy by 3.4% in the second quarter. State Street Corp now owns 674,288 shares of the energy producer’s stock worth $2,469,000 after acquiring an additional 22,030 shares during the last quarter. Cpwm LLC boosted its position in shares of EP Energy by 31.9% in the fourth quarter. Cpwm LLC now owns 570,500 shares of the energy producer’s stock worth $1,346,000 after acquiring an additional 137,968 shares during the last quarter. Finally, First Trust Advisors LP acquired a new stake in shares of EP Energy in the fourth quarter worth approximately $986,000. 69.95% of the stock is currently owned by institutional investors.
NYSE:EPE opened at $1.49 on Friday. The company has a quick ratio of 1.00, a current ratio of 1.04 and a debt-to-equity ratio of 10.26. EP Energy has a twelve month low of $1.26 and a twelve month high of $5.06. The stock has a market cap of $372.43, a price-to-earnings ratio of -3.82 and a beta of 3.92.
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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