Deutsche Bank Initiates Coverage on EP Energy (EPE)
Deutsche Bank assumed coverage on shares of EP Energy (NYSE:EPE) in a research report released on Thursday, MarketBeat.com reports. The firm issued a hold rating and a $2.50 price target on the energy producer’s stock.
Other equities research analysts have also recently issued research reports about the company. Zacks Investment Research upgraded EP Energy from a hold rating to a buy rating and set a $3.50 price objective for the company in a research note on Monday, October 9th. Stifel Nicolaus set a $3.00 price objective on EP Energy and gave the company a hold rating in a research note on Thursday, October 5th. BMO Capital Markets set a $3.00 price objective on EP Energy and gave the company a hold rating in a research note on Tuesday, October 10th. ValuEngine upgraded EP Energy from a sell rating to a hold rating in a research note on Thursday, November 9th. Finally, Royal Bank of Canada set a $3.00 price objective on EP Energy and gave the company a hold rating in a research note on Wednesday, December 20th. Eight research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has given a buy rating to the stock. The stock has a consensus rating of Hold and an average price target of $3.20.
Shares of EP Energy (NYSE:EPE) opened at $1.89 on Thursday. 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 has a 52 week low of $1.54 and a 52 week high of $5.85.
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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).
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