EP Energy Corp (NYSE:EPE) – Stock analysts at FBR & Co issued their FY2019 earnings per share (EPS) estimates for EP Energy Corp in a research report issued on Tuesday. FBR & Co analyst J. Allman anticipates that the energy producer will post earnings per share of ($0.48) for the year. FBR & Co has a “Hold” rating on the stock.
EP Energy Corp (NYSE:EPE) last announced its quarterly earnings data on Wednesday, March 1st. The energy producer reported $0.12 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.20 by $0.08. During the same period in the previous year, the firm earned $0.22 EPS.
A number of other equities research analysts have also issued reports on the stock. Stifel Nicolaus began coverage on shares of EP Energy Corp in a report on Thursday, April 13th. They issued a “hold” rating and a $5.00 price objective for the company. Royal Bank of Canada reissued a “buy” rating and issued a $8.00 price objective on shares of EP Energy Corp in a report on Friday, March 31st. Scotiabank reissued a “hold” rating and issued a $4.00 price objective on shares of EP Energy Corp in a report on Monday, March 27th. Deutsche Bank AG lowered their target price on shares of EP Energy Corp from $7.00 to $6.00 and set a “hold” rating for the company in a research note on Tuesday, March 7th. Finally, BMO Capital Markets reaffirmed a “hold” rating and set a $4.00 target price on shares of EP Energy Corp in a research note on Wednesday, January 11th. Five research analysts have rated the stock with a sell rating, ten have given a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. EP Energy Corp currently has an average rating of “Hold” and a consensus target price of $5.07.
Shares of EP Energy Corp (NYSE:EPE) traded up 0.21% during mid-day trading on Thursday, hitting $4.71. 1,053,671 shares of the stock were exchanged. The company’s market cap is $1.18 billion. The stock’s 50-day moving average price is $4.56 and its 200-day moving average price is $4.98. EP Energy Corp has a 52-week low of $3.29 and a 52-week high of $7.49.
A number of institutional investors have recently made changes to their positions in EPE. Acrospire Investment Management LLC raised its position in shares of EP Energy Corp by 106.9% in the third quarter. Acrospire Investment Management LLC now owns 35,084 shares of the energy producer’s stock valued at $154,000 after buying an additional 18,126 shares in the last quarter. Koch Industries Inc. acquired a new position in shares of EP Energy Corp during the fourth quarter worth about $163,000. Metropolitan Life Insurance Co. NY acquired a new position in shares of EP Energy Corp during the fourth quarter worth about $168,000. Cigna Investments Inc. New acquired a new position in shares of EP Energy Corp during the fourth quarter worth about $180,000. Finally, Neuberger Berman Group LLC acquired a new position in shares of EP Energy Corp during the third quarter worth about $188,000. Institutional investors own 73.06% of the company’s stock.
EP Energy Corp 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).
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