EP Energy Corp (EPE) Expected to Announce Quarterly Sales of $280.75 Million
Wall Street analysts expect EP Energy Corp (NYSE:EPE) to announce $280.75 million in sales for the current fiscal quarter, according to Zacks Investment Research. Five analysts have issued estimates for EP Energy Corp’s earnings, with estimates ranging from $236.00 million to $307.00 million. The firm is expected to issue its next quarterly earnings results on Wednesday, October 25th.
According to Zacks, analysts expect that EP Energy Corp will report full year sales of $280.75 million for the current financial year, with estimates ranging from $988.00 million to $1.23 billion. For the next financial year, analysts expect that the business will post sales of $1.10 billion per share, with estimates ranging from $986.00 million to $1.24 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research analysts that follow EP Energy Corp.
EP Energy Corp (NYSE:EPE) last released its quarterly earnings results on Wednesday, August 2nd. The energy producer reported ($0.10) earnings per share for the quarter, beating the consensus estimate of ($0.12) by $0.02. The business had revenue of $296 million during the quarter, compared to analysts’ expectations of $275.99 million. EP Energy Corp had a negative return on equity of 2.16% and a negative net margin of 1.01%. During the same quarter last year, the business posted $0.21 EPS.
Several equities research analysts have commented on EPE shares. Stifel Nicolaus started coverage on EP Energy Corp in a research note on Thursday, April 13th. They set a “hold” rating and a $5.00 price objective for the company. Citigroup Inc. upgraded EP Energy Corp from a “sell” rating to a “neutral” rating and boosted their price objective for the stock from $5.00 to $6.00 in a research note on Tuesday, May 9th. Scotiabank lowered EP Energy Corp from a “sector perform” rating to an “underperform” rating and cut their price objective for the stock from $4.00 to $3.00 in a research note on Thursday, June 29th. BidaskClub upgraded EP Energy Corp from a “strong sell” rating to a “sell” rating in a research note on Saturday, June 17th. Finally, FBR & Co set a $5.00 price objective on EP Energy Corp and gave the stock a “hold” rating in a research note on Tuesday, May 16th. Eight equities research 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 currently has a consensus rating of “Hold” and a consensus target price of $4.35.
EP Energy Corp (NYSE:EPE) opened at 3.28 on Tuesday. The firm’s 50-day moving average price is $3.63 and its 200 day moving average price is $4.45. EP Energy Corp has a 12-month low of $3.23 and a 12-month high of $7.49. The stock’s market cap is $836.73 million.
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A number of hedge funds and other institutional investors have recently added to or reduced their stakes in EPE. OppenheimerFunds Inc. acquired a new position in EP Energy Corp during the first quarter worth approximately $3,349,000. Alliancebernstein L.P. boosted its position in EP Energy Corp by 1.2% in the first quarter. Alliancebernstein L.P. now owns 170,762 shares of the energy producer’s stock worth $811,000 after buying an additional 2,100 shares in the last quarter. American International Group Inc. boosted its position in EP Energy Corp 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 in the last quarter. SG Americas Securities LLC acquired a new position in EP Energy Corp during the first quarter worth approximately $955,000. Finally, Ronald Blue & Co. LLC boosted its position in EP Energy Corp 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 in the last quarter. Hedge funds and other institutional investors own 72.32% of the company’s stock.
EP Energy Corp 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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