Q2 2017 EPS Estimates for EP Energy Corporation Lowered by Capital One Financial Corporation (EPE)
EP Energy Corporation (NYSE:EPE) – Research analysts at Capital One Financial Corporation decreased their Q2 2017 EPS estimates for shares of EP Energy Corporation in a research report issued on Thursday. Capital One Financial Corporation analyst P. Johnston now expects that the energy producer will post earnings per share of ($0.10) for the quarter, down from their previous estimate of ($0.09).
EP Energy Corporation (NYSE:EPE) last issued its earnings results on Wednesday, August 2nd. The energy producer reported ($0.10) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.12) by $0.02. The firm had revenue of $296 million during the quarter, compared to analyst estimates of $275.99 million. During the same quarter in the prior year, the business earned $0.21 earnings per share.
EPE has been the topic of a number of other research reports. Jefferies Group LLC set a $4.00 price objective on shares of EP Energy Corporation and gave the stock a “sell” rating in a report on Wednesday, July 19th. Stifel Nicolaus restated a “hold” rating and issued a $5.00 price objective on shares of EP Energy Corporation in a report on Friday, May 26th. Citigroup Inc. upgraded shares of EP Energy Corporation from a “sell” rating to a “neutral” rating and increased their price target for the company from $5.00 to $6.00 in a report on Tuesday, May 9th. BidaskClub cut shares of EP Energy Corporation from a “hold” rating to a “sell” rating in a report on Tuesday, July 11th. Finally, FBR & Co set a $5.00 price target on shares of EP Energy Corporation and gave the company a “hold” rating in a report on Tuesday, May 16th. Eight analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $4.35.
Shares of EP Energy Corporation (NYSE:EPE) opened at 3.40 on Monday. EP Energy Corporation has a 52 week low of $3.22 and a 52 week high of $7.49. The firm’s market capitalization is $867.34 million. The stock has a 50 day moving average price of $3.63 and a 200 day moving average price of $4.45.
In other EP Energy Corporation news, VP Francis C. Olmsted III sold 15,824 shares of the stock in a transaction that occurred on Tuesday, May 9th. The shares were sold at an average price of $4.54, for a total value of $71,840.96. Following the transaction, the vice president now directly owns 141,964 shares in the company, valued at $644,516.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.30% of the stock is currently owned by company insiders.
Hedge funds have recently made changes to their positions in the stock. Ronald Blue & Co. LLC increased its stake in shares of 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 valued at $106,000 after buying an additional 1,024 shares during the last quarter. American International Group Inc. increased its stake in shares of 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 valued at $113,000 after buying an additional 1,581 shares during the last quarter. Metropolitan Life Insurance Co. NY purchased a new stake in shares of EP Energy Corporation during the fourth quarter valued at approximately $168,000. KCG Holdings Inc. increased its stake in shares of EP Energy Corporation by 24.4% in the first quarter. KCG Holdings Inc. now owns 44,036 shares of the energy producer’s stock valued at $209,000 after buying an additional 8,645 shares during the last quarter. Finally, Airain ltd purchased a new stake in shares of EP Energy Corporation during the first quarter valued at approximately $235,000. Hedge funds and other institutional investors own 72.31% of the company’s stock.
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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