EP Energy Corp. to Post FY2017 Earnings of ($0.35) Per Share, Jefferies Group Forecasts (EPE)
EP Energy Corp. (NYSE:EPE) – Jefferies Group cut their FY2017 earnings estimates for shares of EP Energy Corp. in a research note issued on Thursday. Jefferies Group analyst J. Wolff now expects that the firm will post earnings of ($0.35) per share for the year, down from their previous forecast of ($0.16). Jefferies Group currently has a “Sell” rating and a $3.00 target price on the stock. Jefferies Group also issued estimates for EP Energy Corp.’s Q4 2017 earnings at ($0.34) EPS.
EP Energy Corp. (NYSE:EPE) last released its quarterly earnings data on Wednesday, October 26th. The company reported $0.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.21 by $0.11. During the same quarter in the previous year, the firm posted $0.26 EPS.
Other equities research analysts have also issued research reports about the stock. Vetr lowered shares of EP Energy Corp. from a “strong-buy” rating to a “buy” rating and set a $4.92 target price for the company. in a report on Wednesday, October 19th. Zacks Investment Research upgraded shares of EP Energy Corp. from a “hold” rating to a “buy” rating and set a $4.25 target price for the company in a report on Wednesday, August 3rd. JPMorgan Chase & Co. restated a “hold” rating on shares of EP Energy Corp. in a report on Monday, August 15th. Northland Securities upgraded shares of EP Energy Corp. from an “under perform” rating to a “market perform” rating in a report on Friday, August 5th. Finally, FBR & Co initiated coverage on shares of EP Energy Corp. in a report on Tuesday, September 13th. They issued a “market perform” rating and a $4.50 target price for the company. Seven analysts have rated the stock with a sell rating, twelve have assigned a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $4.56.
EP Energy Corp. (NYSE:EPE) opened at 4.27 on Monday. The stock’s market cap is $1.08 billion. EP Energy Corp. has a 52-week low of $1.60 and a 52-week high of $7.44. The firm has a 50 day moving average of $4.03 and a 200-day moving average of $4.56.
A number of hedge funds have recently added to or reduced their stakes in the company. BlackRock Advisors LLC boosted its stake in EP Energy Corp. by 18.7% in the second quarter. BlackRock Advisors LLC now owns 21,970 shares of the company’s stock worth $114,000 after buying an additional 3,455 shares during the period. American International Group Inc. boosted its stake in EP Energy Corp. by 1,611.4% in the second quarter. American International Group Inc. now owns 22,283 shares of the company’s stock worth $115,000 after buying an additional 20,981 shares during the period. Ronald Blue & Co. LLC bought a new stake in EP Energy Corp. during the third quarter worth approximately $103,000. BlackRock Group LTD boosted its stake in EP Energy Corp. by 2,384.7% in the second quarter. BlackRock Group LTD now owns 29,419 shares of the company’s stock worth $152,000 after buying an additional 28,235 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its stake in EP Energy Corp. by 106.3% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 29,700 shares of the company’s stock worth $130,000 after buying an additional 15,300 shares during the period. Institutional investors own 74.11% 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 diverse base of producing assets and are focused on creating value through the development of its drilling inventory located in four areas: the Eagle Ford Shale (South Texas), the Wolfcamp Shale (Permian Basin in West Texas), the Altamont Field in the Uinta Basin (Northeastern Utah) and the Haynesville Shale (North Louisiana).
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