Zacks: Brokerages Anticipate EP Energy Corporation (EPE) Will Announce Earnings of -$0.11 Per Share
Analysts expect EP Energy Corporation (NYSE:EPE) to announce earnings per share of ($0.11) for the current fiscal quarter, Zacks reports. Five analysts have provided estimates for EP Energy Corporation’s earnings. The highest EPS estimate is ($0.09) and the lowest is ($0.16). EP Energy Corporation posted earnings per share of $0.10 in the same quarter last year, which would suggest a negative year-over-year growth rate of 210%. The business is expected to issue its next quarterly earnings report on Wednesday, October 25th.
On average, analysts expect that EP Energy Corporation will report full-year earnings of ($0.42) per share for the current year, with EPS estimates ranging from ($0.55) to ($0.34). For the next year, analysts forecast that the business will post earnings of ($0.70) per share, with EPS estimates ranging from ($1.07) to ($0.39). Zacks’ earnings per share averages are a mean average based on a survey of research firms that follow EP Energy Corporation.
EP Energy Corporation (NYSE:EPE) last issued its earnings results on Wednesday, August 2nd. The energy producer reported ($0.10) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.12) by $0.02. The business had revenue of $296 million for the quarter, compared to analysts’ expectations of $275.99 million. During the same period last year, the business earned $0.21 EPS.
EPE has been the subject of several research reports. Royal Bank Of Canada set a $7.00 price target on shares of EP Energy Corporation and gave the company a “buy” rating in a research report on Saturday, June 17th. Stifel Nicolaus initiated coverage on shares of EP Energy Corporation in a research report on Thursday, April 13th. They issued a “hold” rating and a $5.00 price target for the company. Scotiabank reiterated a “hold” rating and issued a $4.00 price target on shares of EP Energy Corporation in a research report on Tuesday, June 6th. FBR & Co set a $5.00 price target on shares of EP Energy Corporation and gave the company a “hold” rating in a research report on Tuesday, May 16th. Finally, BidaskClub upgraded shares of EP Energy Corporation from a “sell” rating to a “hold” rating in a research report on Monday, July 31st. Eight equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $4.35.
In other EP Energy Corporation news, VP Francis C. Olmsted III sold 15,824 shares of the company’s stock in a transaction on Tuesday, May 9th. The shares were sold at an average price of $4.54, for a total transaction of $71,840.96. Following the completion of the transaction, the vice president now owns 141,964 shares in the company, valued at approximately $644,516.56. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.30% of the stock is currently owned by corporate insiders.
A number of institutional investors have recently made changes to their positions in the company. Ronald Blue & Co. LLC boosted its position in EP Energy Corporation by 4.8% in the first quarter. Ronald Blue & Co. LLC now owns 22,289 shares of the energy producer’s stock worth $106,000 after buying an additional 1,024 shares during the period. American International Group Inc. boosted its position in EP Energy Corporation by 7.1% in the first quarter. American International Group Inc. now owns 23,840 shares of the energy producer’s stock worth $113,000 after buying an additional 1,581 shares during the period. Metropolitan Life Insurance Co. NY bought a new position in EP Energy Corporation during the fourth quarter worth $168,000. KCG Holdings Inc. boosted its position in EP Energy Corporation by 24.4% in the first quarter. KCG Holdings Inc. now owns 44,036 shares of the energy producer’s stock worth $209,000 after buying an additional 8,645 shares during the period. Finally, Airain ltd bought a new position in EP Energy Corporation during the first quarter worth $235,000. Institutional investors own 72.31% of the company’s stock.
Shares of EP Energy Corporation (NYSE:EPE) traded up 1.49% on Friday, hitting $3.40. 433,183 shares of the company traded hands. EP Energy Corporation has a 12 month low of $3.22 and a 12 month high of $7.49. The stock’s 50-day moving average price is $3.63 and its 200-day moving average price is $4.45. The company’s market capitalization is $867.34 million.
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EP Energy Corporation Company Profile
EP Energy Corporation (EP Energy) is an independent exploration and production company. The Company is engaged in the acquisition and development of unconventional onshore oil and natural gas properties in the United States. The Company operates through a base of producing assets. It is involved in the development of its drilling inventory located in three areas: the Eagle Ford Shale (South Texas), the Wolfcamp Shale (Permian Basin in West Texas) and the Altamont Field in the Uinta Basin (Northeastern Utah).
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