EPL Oil & Gas Lowered to Underperform at Zacks (EPL)
EPL Oil & Gas (NYSE:EPL) was downgraded by Zacks from a “neutral” rating to an “underperform” rating in a report issued on Thursday, AnalystRatings.Net reports. They currently have a $25.20 price objective on the stock. Zacks‘ price target would suggest a potential downside of 4.94% from the company’s current price.
EPL Oil & Gas (NYSE:EPL) last posted its quarterly earnings results on Thursday, October 31st. The company reported $0.81 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.88 by $0.07. The company had revenue of $184.00 million for the quarter, compared to the consensus estimate of $188.65 million. EPL Oil & Gas’s revenue was up 112.2% compared to the same quarter last year.
Several other analysts have also recently commented on the stock. Analysts at Clarkson Capital initiated coverage on shares of EPL Oil & Gas in a research note to investors on Monday, November 25th. They set an “outperform” rating on the stock. Separately, analysts at MLV Capital initiated coverage on shares of EPL Oil & Gas in a research note to investors on Friday, November 22nd. They set a “hold” rating on the stock. Finally, analysts at BMO Capital Markets cut their price target on shares of EPL Oil & Gas from $45.00 to $40.00 in a research note to investors on Friday, November 1st. They now have an “outperform” rating on the stock. One analyst has rated the stock with a sell rating, three have assigned a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $36.78.
EPL Oil & Gas, Inc, formerly Energy Partners, Ltd., is an independent oil and natural gas exploration and production company based in New Orleans, Louisiana and Houston, Texas.
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