EP Energy Corp Receives Consensus Recommendation of “Buy” from Analysts (NYSE:EPE)
EP Energy Corp (NYSE:EPE) has been given a consensus rating of “Buy” by the eighteen ratings firms that are covering the stock, Stock Ratings Network.com reports. Four equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating on the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $25.54.
A number of research firms have recently commented on EPE. Analysts at Deutsche Bank reiterated a “buy” rating on shares of EP Energy Corp in a research note on Tuesday, August 12th. They now have a $25.00 price target on the stock, up previously from $24.00. Separately, analysts at Citigroup Inc. reiterated a “buy” rating on shares of EP Energy Corp in a research note on Monday, August 11th. They now have a $24.00 price target on the stock, up previously from $23.50. Finally, 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.
Shares of EP Energy Corp (NYSE:EPE) opened at 18.63 on Wednesday. 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 $20.15 and its 200-day moving average is $19.78. The company has a market cap of $4.579 billion and a price-to-earnings ratio of 27.31.
EP Energy Corp (NYSE:EPE) last released its 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. Analysts expect that EP Energy Corp will post $0.96 EPS for the current fiscal year.
In other EP Energy Corp news, CFO Dane E. Whitehead bought 7,500 shares of EP Energy Corp stock on the open market in a transaction dated Monday, August 18th. The stock was purchased at an average price of $18.79 per share, for a total transaction of $140,925.00. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link.
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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