EP Energy Corp Rating Reiterated by Citigroup Inc. (EPE)
EP Energy Corp (NYSE:EPE)‘s stock had its “buy” rating restated by Citigroup Inc. in a research note issued on Monday. They currently have a $24.00 price objective on the stock, up from their previous price objective of $23.50. Citigroup Inc.’s target price indicates a potential upside of 22.82% from the stock’s previous close.
A number of other analysts have also recently weighed in on EPE. Analysts at Topeka Capital Markets raised their price target on shares of EP Energy Corp from $25.00 to $26.00 in a research note on Friday, August 1st. Separately, analysts at Deutsche Bank reiterated a “buy” rating on shares of EP Energy Corp in a research note on Friday, July 18th. They now have a $26.00 price target on the stock, up previously from $24.00. Finally, 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, July 10th. They now have a “sector outperform” rating on the stock. Four analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $25.62.
Shares of EP Energy Corp (NYSE:EPE) traded down 0.56% during mid-day trading on Monday, hitting $19.43. 285,314 shares of the company’s stock traded hands. EP Energy Corp has a one year low of $16.00 and a one year high of $23.23. The stock’s 50-day moving average is $21.1 and its 200-day moving average is $19.72. The company has a market cap of $4.775 billion and a price-to-earnings ratio of 28.28.
EP Energy Corp (NYSE:EPE) last issued its quarterly earnings data on Wednesday, August 6th. The company reported $0.23 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.20 by $0.03. On average, analysts predict that EP Energy Corp will post $0.97 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.
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