EPL Oil & Gas Coverage Initiated at Susquehanna (EPL)
Research analysts at Susquehanna assumed coverage on shares of EPL Oil & Gas (NYSE:EPL) in a report released on Friday, StockRatingsNetwork.com reports. The firm set a “negative” rating on the stock.
EPL Oil & Gas (NYSE:EPL) last announced its 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.
A number of other analysts have also recently weighed in on EPL. Analysts at Canaccord Genuity upgraded shares of EPL Oil & Gas from a “hold” rating to a “buy” rating in a research note to investors on Friday. They now have a $37.00 price target on the stock. Separately, analysts at Zacks downgraded shares of EPL Oil & Gas from a “neutral” rating to an “underperform” rating in a research note to investors on Thursday. They now have a $25.20 price target on the stock. Finally, analysts at Zacks upgraded shares of EPL Oil & Gas from an “underperform” rating to a “neutral” rating in a research note to investors on Tuesday, December 10th. They now have a $27.60 price target on the stock. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price 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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