EP Energy (EPE) Upgraded by Zacks Investment Research to “Buy”

Zacks Investment Research upgraded shares of EP Energy (NYSE:EPE) from a hold rating to a buy rating in a research note issued to investors on Friday. They currently have $2.75 price target on the energy producer’s stock.

According to Zacks, “EP Energy Corporation is involved in the acquisition and development of unconventional onshore oil and natural gas. The company’s assets consist of the Eagle Ford Shale in South Texas, the Wolfcamp Shale in Permian Basin in West Texas, the Altamont field in the Uinta Basin in Utah and the Haynesville Shale in North Louisiana. EP Energy Corporation is based in Houston, United States. “

A number of other brokerages also recently commented on EPE. Stifel Nicolaus set a $3.00 target price on EP Energy and gave the company a hold rating in a research note on Thursday, October 5th. Jefferies Group restated an underperform rating and issued a $1.00 target price on shares of EP Energy in a research note on Tuesday, October 10th. ValuEngine downgraded EP Energy from a hold rating to a sell rating in a research note on Monday, October 2nd. BMO Capital Markets set a $3.00 target price on EP Energy and gave the company a hold rating in a research note on Tuesday, October 10th. Finally, JPMorgan Chase & Co. downgraded EP Energy from a neutral rating to an underweight rating in a research note on Thursday, November 2nd. Eight analysts have rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the stock. EP Energy presently has an average rating of Hold and a consensus price target of $3.52.

Shares of EP Energy (EPE) traded down $0.04 during mid-day trading on Friday, reaching $2.31. The company’s stock had a trading volume of 527,879 shares, compared to its average volume of 773,994. The company has a debt-to-equity ratio of 8.01, a quick ratio of 0.65 and a current ratio of 0.69. EP Energy has a 12 month low of $1.54 and a 12 month high of $6.32. The firm has a market capitalization of $600.90, a P/E ratio of -2.18 and a beta of 4.45.

EP Energy (NYSE:EPE) last issued its earnings results on Wednesday, November 1st. The energy producer reported ($0.12) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.13) by $0.01. EP Energy had a negative return on equity of 8.50% and a negative net margin of 25.44%. The company had revenue of $219.00 million during the quarter, compared to the consensus estimate of $264.90 million. During the same period in the previous year, the firm posted $0.10 earnings per share. analysts anticipate that EP Energy will post -0.42 earnings per share for the current fiscal year.

Several hedge funds and other institutional investors have recently modified their holdings of EPE. Wells Fargo & Company MN boosted its position in shares of EP Energy by 11.7% during the second quarter. Wells Fargo & Company MN now owns 28,848 shares of the energy producer’s stock worth $106,000 after buying an additional 3,028 shares during the period. SG Americas Securities LLC acquired a new position in shares of EP Energy during the third quarter worth approximately $160,000. Rhumbline Advisers boosted its position in shares of EP Energy by 0.6% during the second quarter. Rhumbline Advisers now owns 58,536 shares of the energy producer’s stock worth $214,000 after buying an additional 375 shares during the period. Virtu KCG Holdings LLC boosted its position in shares of EP Energy by 86.4% during the second quarter. Virtu KCG Holdings LLC now owns 82,065 shares of the energy producer’s stock worth $300,000 after buying an additional 38,029 shares during the period. Finally, Schwab Charles Investment Management Inc. boosted its position in shares of EP Energy by 207.8% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 186,220 shares of the energy producer’s stock worth $440,000 after buying an additional 125,720 shares during the period. Institutional investors and hedge funds own 68.89% of the company’s stock.

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EP Energy Company Profile

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).

Analyst Recommendations for EP Energy (NYSE:EPE)

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