Jefferies Group Brokers Decrease Earnings Estimates for EP Energy Corporation (EPE)
EP Energy Corporation (NYSE:EPE) – Equities researchers at Jefferies Group reduced their FY2017 earnings per share estimates for shares of EP Energy Corporation in a note issued to investors on Thursday. Jefferies Group analyst M. Lear now expects that the energy producer will post earnings per share of ($0.43) for the year, down from their previous forecast of ($0.41). Jefferies Group has a “Underperform” rating and a $1.00 price target on the stock. Jefferies Group also issued estimates for EP Energy Corporation’s Q4 2017 earnings at ($0.11) EPS, Q1 2018 earnings at ($0.09) EPS, Q2 2018 earnings at ($0.09) EPS, Q3 2018 earnings at ($0.07) EPS, Q4 2018 earnings at ($0.07) EPS, FY2018 earnings at ($0.32) EPS, Q1 2019 earnings at ($0.08) EPS, Q2 2019 earnings at ($0.08) EPS, Q3 2019 earnings at ($0.07) EPS and FY2019 earnings at ($0.30) EPS.
EP Energy Corporation (NYSE:EPE) last issued its quarterly earnings data on Wednesday, November 1st. The energy producer reported ($0.12) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.13) by $0.01. EP Energy Corporation had a negative return on equity of 8.50% 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 in the prior year, the business posted $0.10 earnings per share. TRADEMARK VIOLATION NOTICE: “Jefferies Group Brokers Decrease Earnings Estimates for EP Energy Corporation (EPE)” was originally reported by The Cerbat Gem and is owned by of The Cerbat Gem. If you are viewing this news story on another site, it was copied illegally and republished in violation of international trademark & copyright laws. The legal version of this news story can be read at https://www.thecerbatgem.com/2017/11/22/jefferies-group-brokers-decrease-earnings-estimates-for-ep-energy-corporation-epe.html.
A number of other equities research analysts also recently issued reports on EPE. BidaskClub upgraded EP Energy Corporation from a “sell” rating to a “hold” rating in a research report on Monday, July 31st. BMO Capital Markets reaffirmed a “hold” rating and set a $3.00 target price on shares of EP Energy Corporation in a research note on Tuesday, August 8th. Royal Bank Of Canada set a $5.00 price objective on EP Energy Corporation and gave the stock a “hold” rating in a research note on Thursday, August 24th. Tudor Pickering cut EP Energy Corporation from a “buy” rating to a “sell” rating in a research note on Tuesday, September 5th. Finally, ValuEngine raised EP Energy Corporation from a “sell” rating to a “hold” rating in a research note on Wednesday, September 13th. Nine research analysts have rated the stock with a sell rating and seven have issued a hold rating to the stock. The company currently has a consensus rating of “Sell” and an average target price of $3.68.
Shares of EP Energy Corporation (NYSE:EPE) opened at $1.89 on Monday. EP Energy Corporation has a 52-week low of $1.85 and a 52-week high of $7.49. The company has a debt-to-equity ratio of 8.01, a current ratio of 0.69 and a quick ratio of 0.65.
Hedge funds have recently modified their holdings of the stock. Wells Fargo & Company MN grew its stake in shares of EP Energy Corporation by 11.7% during the second quarter. Wells Fargo & Company MN now owns 28,848 shares of the energy producer’s stock worth $106,000 after purchasing an additional 3,028 shares in the last quarter. American International Group Inc. grew its stake in shares of EP Energy Corporation by 7.1% during the first quarter. American International Group Inc. now owns 23,840 shares of the energy producer’s stock worth $113,000 after purchasing an additional 1,581 shares in the last quarter. SG Americas Securities LLC purchased a new stake in EP Energy Corporation in the third quarter valued at $160,000. KCG Holdings Inc. lifted its position in EP Energy Corporation by 24.4% in the first quarter. KCG Holdings Inc. now owns 44,036 shares of the energy producer’s stock valued at $209,000 after acquiring an additional 8,645 shares during the last quarter. Finally, Rhumbline Advisers lifted its position in EP Energy Corporation by 0.6% in the second quarter. Rhumbline Advisers now owns 58,536 shares of the energy producer’s stock valued at $214,000 after acquiring an additional 375 shares during the last quarter. Hedge funds and other institutional investors own 69.50% of the company’s stock.
EP Energy Corporation 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).
Receive News & Stock Ratings for EP Energy Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for EP Energy Corporation and related stocks with our FREE daily email newsletter.