EP Energy Corp Receives Consensus Recommendation of “Buy” from Analysts (NYSE:EPE)
Shares of EP Energy Corp (NYSE:EPE) have been given a consensus rating of “Buy” by the nineteen analysts that are currently covering the stock, AnalystRatings.NET reports. Five investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating on the company. The average 1-year price target among analysts that have covered the stock in the last year is $24.77.
A number of analysts have recently weighed in on EPE shares. Analysts at Howard Weil raised their price target on shares of EP Energy Corp from $28.00 to $30.00 in a research note on Thursday. They now have a “sector outperform” rating on the stock. Separately, analysts at SunTrust raised their price target on shares of EP Energy Corp from $22.00 to $23.00 in a research note on Monday, May 5th. Finally, analysts at Mizuho upgraded shares of EP Energy Corp from a “neutral” rating to a “buy” rating in a research note on Friday, May 2nd. They now have a $28.00 price target on the stock, up previously from $22.00.
EP Energy Corp (NYSE:EPE) opened at 21.36 on Thursday. EP Energy Corp has a 52 week low of $16.00 and a 52 week high of $23.23. The stock’s 50-day moving average is $21. and its 200-day moving average is $19.58. The company has a market cap of $5.251 billion and a price-to-earnings ratio of 9.85. EP Energy Corp also saw a significant increase in short interest during the month of June. As of June 30th, there was short interest totalling 5,836,881 shares, an increase of 53.0% from the June 13th total of 3,815,281 shares. Based on an average trading volume of 1,244,814 shares, the days-to-cover ratio is presently 4.7 days. Currently, 4.0% of the shares of the stock are sold short.
EP Energy Corp (NYSE:EPE) last released its earnings data on Wednesday, May 7th. The company reported $0.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.15 by $0.03. On average, analysts predict that EP Energy Corp will post $0.96 earnings per share for the current fiscal year.
EP Energy Corporation is an independent exploration and production company. It is engaged in the acquisition and development of unconventional onshore oil and natural gas properties in the United States.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.