Brokerages expect EP Energy Corp (NYSE:EPE) to announce earnings of ($0.10) per share for the current fiscal quarter, Zacks reports. Five analysts have provided estimates for EP Energy’s earnings, with the lowest EPS estimate coming in at ($0.13) and the highest estimate coming in at ($0.06). EP Energy reported earnings of $0.12 per share in the same quarter last year, which indicates a negative year over year growth rate of 183.3%. The business is scheduled to issue its next earnings results on Wednesday, March 7th.

According to Zacks, analysts expect that EP Energy will report full-year earnings of ($0.42) per share for the current financial year, with EPS estimates ranging from ($0.45) to ($0.39). For the next year, analysts forecast that the company will post earnings of ($0.44) per share, with EPS estimates ranging from ($0.68) to ($0.20). Zacks’ EPS averages are an average based on a survey of analysts that cover EP Energy.

EP Energy (NYSE:EPE) last issued its quarterly earnings data on Wednesday, November 1st. The energy producer reported ($0.12) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.13) by $0.01. EP Energy had a negative net margin of 25.44% and a negative return on equity of 8.50%. The business had revenue of $219.00 million during the quarter, compared to analysts’ expectations of $264.90 million. During the same period in the previous year, the company earned $0.10 earnings per share.

EPE has been the subject of several research analyst reports. Zacks Investment Research upgraded shares of EP Energy from a “hold” rating to a “buy” rating and set a $3.50 target price for the company in a research note on Monday, October 9th. Stifel Nicolaus set a $3.00 target price on shares of EP Energy and gave the company a “hold” rating in a research note on Thursday, October 5th. ValuEngine cut shares of EP Energy from a “hold” rating to a “sell” rating in a research note on Monday, October 2nd. JPMorgan Chase & Co. cut shares of EP Energy from a “neutral” rating to an “underweight” rating in a research note on Thursday, November 2nd. Finally, BMO Capital Markets set a $3.00 target price on shares of EP Energy and gave the company a “hold” rating in a research note on Tuesday, October 10th. Nine analysts have rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the company’s stock. EP Energy presently has a consensus rating of “Hold” and an average price target of $3.54.

Shares of EP Energy (NYSE EPE) opened at $2.38 on Thursday. The company has a debt-to-equity ratio of 8.01, a current ratio of 0.69 and a quick ratio of 0.65. EP Energy has a one year low of $1.54 and a one year high of $6.32. The firm has a market cap of $611.12, a price-to-earnings ratio of -2.25 and a beta of 4.45.

A number of institutional investors have recently made changes to their positions in EPE. Schwab Charles Investment Management Inc. increased its holdings in EP Energy by 207.8% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 186,220 shares of the energy producer’s stock valued at $440,000 after buying an additional 125,720 shares during the period. JPMorgan Chase & Co. increased its holdings in EP Energy by 1.0% in the 2nd quarter. JPMorgan Chase & Co. now owns 5,313,377 shares of the energy producer’s stock valued at $19,447,000 after buying an additional 52,904 shares during the period. SG Americas Securities LLC bought a new stake in EP Energy in the 3rd quarter valued at $160,000. Virtu KCG Holdings LLC increased its holdings in EP Energy by 86.4% in the 2nd quarter. Virtu KCG Holdings LLC now owns 82,065 shares of the energy producer’s stock valued at $300,000 after buying an additional 38,029 shares during the period. Finally, Northern Trust Corp increased its holdings in EP Energy by 1.8% in the 2nd quarter. Northern Trust Corp now owns 1,794,632 shares of the energy producer’s stock valued at $6,568,000 after buying an additional 32,018 shares during the period. 68.89% of the stock is currently owned by hedge funds and other institutional investors.

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About EP Energy

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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Earnings History and Estimates for EP Energy (NYSE:EPE)

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