EP Energy (EPE) PT Raised to $5.00

EP Energy (NYSE:EPE) had its price objective lifted by research analysts at Robert W. Baird from $2.00 to $5.00 in a research report issued on Tuesday. The brokerage currently has an “outperform” rating on the energy producer’s stock. Robert W. Baird’s target price indicates a potential upside of 111.86% from the company’s previous close.

Several other equities research analysts also recently issued reports on EPE. ValuEngine downgraded shares of EP Energy from a “sell” rating to a “strong sell” rating in a research note on Sunday. BMO Capital Markets set a $3.00 price target on shares of EP Energy and gave the stock a “hold” rating in a research note on Tuesday, October 10th. Royal Bank of Canada set a $3.00 target price on shares of EP Energy and gave the stock a “hold” rating in a research report on Wednesday, December 20th. Jefferies Group reissued an “underperform” rating and issued a $1.00 target price on shares of EP Energy in a research report on Tuesday, October 10th. Finally, Stifel Nicolaus set a $3.00 target price on shares of EP Energy and gave the stock a “hold” rating in a research report on Thursday, October 5th. Nine analysts have rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $3.63.

EP Energy (EPE) traded up $0.03 during trading on Tuesday, reaching $2.36. 914,100 shares of the company traded hands, compared to its average volume of 1,037,761. EP Energy has a 12-month low of $1.54 and a 12-month high of $6.93. The stock has a market cap of $603.45, a P/E ratio of -2.23 and a beta of 4.45. The company has a debt-to-equity ratio of 8.01, a current ratio of 0.69 and a quick ratio of 0.65.

EP Energy (NYSE:EPE) last released its quarterly earnings results 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. EP Energy had a negative net margin of 25.44% and a negative return on equity of 8.50%. The firm had revenue of $219.00 million for the quarter, compared to the consensus estimate of $264.90 million. During the same quarter in the previous year, the firm posted $0.10 EPS. sell-side analysts predict that EP Energy will post -0.42 earnings per share for the current year.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Rhumbline Advisers increased its position in shares of EP Energy by 0.6% in the 2nd quarter. Rhumbline Advisers now owns 58,536 shares of the energy producer’s stock worth $214,000 after purchasing an additional 375 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of EP Energy by 0.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 809,282 shares of the energy producer’s stock valued at $2,962,000 after buying an additional 2,919 shares during the period. Wells Fargo & Company MN boosted its holdings in shares of EP Energy by 11.7% in the 2nd quarter. Wells Fargo & Company MN now owns 28,848 shares of the energy producer’s stock valued at $106,000 after buying an additional 3,028 shares during the period. Parametric Portfolio Associates LLC boosted its holdings in shares of EP Energy by 1.1% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 817,432 shares of the energy producer’s stock valued at $2,992,000 after buying an additional 8,690 shares during the period. Finally, Vanguard Group Inc. boosted its holdings in shares of EP Energy by 0.3% in the 2nd quarter. Vanguard Group Inc. now owns 3,459,190 shares of the energy producer’s stock valued at $12,660,000 after buying an additional 9,068 shares during the period. 68.89% of the stock is owned by institutional investors.

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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).

Analyst Recommendations for EP Energy (NYSE:EPE)

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