EP Energy (EPE) Lifted to Buy at Zacks Investment Research

EP Energy (NYSE:EPE) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued on Friday. The firm currently has a $2.75 price objective on the energy producer’s stock. Zacks Investment Research‘s target price points to a potential upside of 19.05% from the company’s current price.

According to Zacks, “EP Energy Corporation is involved in the acquisition and development of unconventional onshore oil and natural gas. The company’s assets consist of the Eagle Ford Shale in South Texas, the Wolfcamp Shale in Permian Basin in West Texas, the Altamont field in the Uinta Basin in Utah and the Haynesville Shale in North Louisiana. EP Energy Corporation is based in Houston, United States. “

Other equities research analysts have also issued research reports about the stock. ValuEngine lowered shares of EP Energy from a “sell” rating to a “strong sell” rating in a report on Sunday, December 31st. Robert W. Baird began coverage on shares of EP Energy in a report on Tuesday, December 19th. They set an “outperform” rating and a $2.00 target price for the company. Jefferies Group reaffirmed an “underperform” rating and set a $1.00 target price on shares of EP Energy in a report on Tuesday, October 10th. Royal Bank of Canada set a $3.00 target price on shares of EP Energy and gave the stock a “hold” rating in a report on Wednesday, December 20th. Finally, BMO Capital Markets set a $3.00 target price on shares of EP Energy and gave the stock a “hold” rating in a report on Tuesday, October 10th. Eight investment analysts have rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $3.52.

EP Energy (NYSE EPE) traded down $0.04 during trading on Friday, hitting $2.31. 527,879 shares of the stock were exchanged, compared to its average volume of 959,544. EP Energy has a fifty-two week low of $1.54 and a fifty-two week high of $6.32. The stock has a market capitalization of $590.50, a price-to-earnings ratio of -2.16 and a beta of 4.44. 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 (NYSE:EPE) last released its earnings results on Wednesday, November 1st. The energy producer reported ($0.12) earnings per share (EPS) 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 analyst estimates of $264.90 million. During the same quarter in the prior year, the firm earned $0.10 earnings per share. equities analysts expect that EP Energy will post -0.42 EPS for the current fiscal year.

Hedge funds have recently made changes to their positions in the company. Ronald Blue & Co. LLC acquired a new position in shares of EP Energy during the 3rd quarter valued at about $103,000. Wells Fargo & Company MN boosted its position in shares of EP Energy by 11.7% during the 2nd quarter. Wells Fargo & Company MN now owns 28,848 shares of the energy producer’s stock valued at $106,000 after acquiring an additional 3,028 shares during the last quarter. American International Group Inc. boosted its position in shares of EP Energy by 7.1% during the 1st quarter. American International Group Inc. now owns 23,840 shares of the energy producer’s stock valued at $113,000 after acquiring an additional 1,581 shares during the last quarter. Acrospire Investment Management LLC boosted its position in shares of EP Energy by 106.9% during the 3rd quarter. Acrospire Investment Management LLC now owns 35,084 shares of the energy producer’s stock valued at $154,000 after acquiring an additional 18,126 shares during the last quarter. Finally, SG Americas Securities LLC acquired a new position in shares of EP Energy during the 3rd quarter valued at about $160,000. 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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