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 report published on Friday morning.
Several other equities research analysts have also weighed in on the company. Tudor Pickering lowered EP Energy from a buy rating to a sell rating in a research note on Tuesday, September 5th. Zacks Investment Research upgraded EP Energy from a hold rating to a buy rating and set a $3.50 price objective on the stock in a research note on Monday, October 9th. Stifel Nicolaus set a $3.00 price objective on EP Energy and gave the company a hold rating in a research note on Thursday, October 5th. Royal Bank Of Canada set a $5.00 price objective on EP Energy and gave the company a hold rating in a research note on Thursday, August 24th. Finally, J P Morgan Chase & Co lowered EP Energy from a neutral rating to an underweight rating in a research note on Thursday, November 2nd. Nine investment analysts have rated the stock with a sell rating and seven have issued a hold rating to the company. EP Energy presently has a consensus rating of Sell and a consensus target price of $3.68.
EP Energy (EPE) traded up $0.01 during trading on Friday, reaching $1.80. The company’s stock had a trading volume of 1,247,096 shares, compared to its average volume of 924,370. The company has a quick ratio of 0.65, a current ratio of 0.69 and a debt-to-equity ratio of 8.01. EP Energy has a 12-month low of $1.73 and a 12-month high of $7.49.
EP Energy (NYSE:EPE) last posted its quarterly earnings results on Wednesday, November 1st. The energy producer reported ($0.12) EPS for the quarter, beating the consensus estimate of ($0.13) by $0.01. The firm had revenue of $219.00 million during 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 quarter in the prior year, the firm posted $0.10 EPS. analysts expect that EP Energy will post -0.46 earnings per share for the current fiscal year.
Hedge funds have recently added to or reduced their stakes in the company. Bank of America Corp DE grew its position in EP Energy by 62.2% during the 1st quarter. Bank of America Corp DE now owns 223,298 shares of the energy producer’s stock worth $1,060,000 after acquiring an additional 85,614 shares during the last quarter. Engineers Gate Manager LP bought a new stake in EP Energy during the 2nd quarter worth approximately $313,000. Strs Ohio bought a new stake in EP Energy during the 2nd quarter worth approximately $292,000. JPMorgan Chase & Co. grew its position in EP Energy by 1.0% during the 2nd quarter. JPMorgan Chase & Co. now owns 5,313,377 shares of the energy producer’s stock worth $19,447,000 after acquiring an additional 52,904 shares during the last quarter. Finally, SG Americas Securities LLC bought a new stake in EP Energy during the 3rd quarter worth approximately $160,000. Institutional investors own 68.95% of the company’s stock.
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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