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EPL Oil & Gas (NYSE:EPL) was upgraded by equities research analysts at Stifel Nicolaus from a “hold” rating to a “buy” rating in a research note issued to investors on Friday, TheFlyOnTheWall.com reports. The firm currently has a $32.00 price objective on the stock. Stifel Nicolaus’ target price would suggest a potential upside of 19.09% from the company’s current price. The analysts noted that the move was a valuation call.

Shares of EPL Oil & Gas (NYSE:EPL) traded down 0.96% during mid-day trading on Friday, hitting $26.87. The stock had a trading volume of 396,773 shares. EPL Oil & Gas has a 52-week low of $24.40 and a 52-week high of $42.64. The stock’s 50-day moving average is $27.46 and its 200-day moving average is $32.08. The company has a market cap of $1.050 billion and a P/E ratio of 8.83.

EPL has been the subject of a number of other recent research reports. Analysts at Susquehanna initiated coverage on shares of EPL Oil & Gas in a research note to investors on Friday, January 10th. They set a “negative” rating on the stock. Separately, 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, January 10th. They now have a $37.00 price target on the stock. Finally, 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, January 9th. They now have a $25.20 price target on the stock. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $36.24.

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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