FY2018 EPS Estimates for EP Energy Corporation Decreased by Analyst (EPE)
EP Energy Corporation (NYSE:EPE) – Analysts at Capital One Financial Corporation decreased their FY2018 earnings per share (EPS) estimates for shares of EP Energy Corporation in a report issued on Thursday. Capital One Financial Corporation analyst P. Johnston now anticipates that the energy producer will earn ($0.52) per share for the year, down from their previous estimate of ($0.50).
A number of other equities analysts also recently issued reports on EPE. J P Morgan Chase & Co downgraded EP Energy Corporation from a “neutral” rating to an “underweight” rating in a research note on Thursday, November 2nd. BMO Capital Markets restated a “hold” rating and issued a $3.00 price target on shares of EP Energy Corporation in a research note on Tuesday, August 8th. Citigroup Inc. dropped their price target on EP Energy Corporation from $5.00 to $4.00 and set a “neutral” rating on the stock in a research note on Thursday, July 13th. ValuEngine downgraded EP Energy Corporation from a “hold” rating to a “sell” rating in a research note on Monday, October 2nd. Finally, BidaskClub upgraded EP Energy Corporation from a “sell” rating to a “hold” rating in a research note on Monday, July 31st. Nine investment analysts have rated the stock with a sell rating and seven have assigned a hold rating to the stock. The company presently has an average rating of “Sell” and a consensus target price of $3.68.
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Shares of EP Energy Corporation (NYSE EPE) traded down $0.13 on Monday, reaching $2.70. The company’s stock had a trading volume of 588,834 shares, compared to its average volume of 631,667. The company has a current ratio of 0.70, a quick ratio of 0.67 and a debt-to-equity ratio of 6.84. EP Energy Corporation has a 1-year low of $2.23 and a 1-year high of $7.49.
EP Energy Corporation (NYSE:EPE) last issued its 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. EP Energy Corporation had a negative return on equity of 8.19% and a negative net margin of 25.44%. The business had revenue of $219.00 million for the quarter, compared to the consensus estimate of $264.90 million. During the same period last year, the business posted $0.10 EPS.
A number of large investors have recently bought and sold shares of the business. JPMorgan Chase & Co. raised its holdings in EP Energy Corporation by 1.0% during the second quarter. JPMorgan Chase & Co. now owns 5,313,377 shares of the energy producer’s stock valued at $19,447,000 after acquiring an additional 52,904 shares during the period. Vanguard Group Inc. raised its holdings in EP Energy Corporation by 0.3% during the second quarter. Vanguard Group Inc. now owns 3,459,190 shares of the energy producer’s stock valued at $12,660,000 after acquiring an additional 9,068 shares during the period. Northern Trust Corp raised its holdings in EP Energy Corporation by 1.8% during the second quarter. Northern Trust Corp now owns 1,794,632 shares of the energy producer’s stock valued at $6,568,000 after acquiring an additional 32,018 shares during the period. Parametric Portfolio Associates LLC raised its holdings in EP Energy Corporation by 1.1% during the second quarter. Parametric Portfolio Associates LLC now owns 817,432 shares of the energy producer’s stock valued at $2,992,000 after acquiring an additional 8,690 shares during the period. Finally, Dimensional Fund Advisors LP raised its holdings in EP Energy Corporation by 0.4% during the second quarter. Dimensional Fund Advisors LP now owns 809,282 shares of the energy producer’s stock valued at $2,962,000 after acquiring an additional 2,919 shares during the period. 70.14% of the stock is currently owned by institutional investors and hedge funds.
About EP Energy Corporation
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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