EP Energy Corp (EPE) Expected to Post Quarterly Sales of $284.32 Million

Equities analysts expect EP Energy Corp (NYSE:EPE) to post sales of $284.32 million for the current fiscal quarter, Zacks Investment Research reports. Five analysts have issued estimates for EP Energy’s earnings, with estimates ranging from $272.11 million to $295.00 million. The company is scheduled to report its next earnings report on Wednesday, March 7th.

According to Zacks, analysts expect that EP Energy will report full year sales of $284.32 million for the current year, with estimates ranging from $1.04 billion to $1.13 billion. For the next year, analysts expect that the business will post sales of $1.13 billion per share, with estimates ranging from $1.02 billion to $1.23 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side analysts that that provide coverage for EP Energy.

EP Energy (NYSE:EPE) last released its quarterly earnings data on Wednesday, November 1st. The energy producer reported ($0.12) earnings per share for the quarter, beating analysts’ consensus estimates 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 company had revenue of $219.00 million during the quarter, compared to analysts’ expectations of $264.90 million. During the same quarter in the previous year, the company earned $0.10 earnings per share.

A number of research analysts have weighed in on the stock. Stifel Nicolaus set a $3.00 price objective on shares of EP Energy and gave the company a “hold” rating in a report on Thursday, October 5th. Jefferies Group reaffirmed an “underperform” rating and issued a $1.00 price objective on shares of EP Energy in a report on Tuesday, October 10th. Zacks Investment Research raised shares of EP Energy from a “hold” rating to a “buy” rating and set a $3.50 price objective for the company in a report on Monday, October 9th. ValuEngine cut shares of EP Energy from a “hold” rating to a “sell” rating in a report on Monday, October 2nd. Finally, BMO Capital Markets set a $3.00 price objective on shares of EP Energy and gave the company a “hold” rating in a report on Tuesday, October 10th. Eight investment analysts have rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $3.52.

EP Energy (EPE) traded down $0.04 on Friday, reaching $2.31. 527,879 shares of the company’s stock were exchanged, compared to its average volume of 773,994. EP Energy has a one year low of $1.54 and a one year high of $6.32. The company has a quick ratio of 0.65, a current ratio of 0.69 and a debt-to-equity ratio of 8.01. The stock has a market capitalization of $600.90, a PE ratio of -2.18 and a beta of 4.45.

Several hedge funds have recently added to or reduced their stakes in the company. Rhumbline Advisers increased its stake in shares of EP Energy by 0.6% during the second quarter. Rhumbline Advisers now owns 58,536 shares of the energy producer’s stock worth $214,000 after purchasing an additional 375 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of EP Energy by 0.4% during the second quarter. Dimensional Fund Advisors LP now owns 809,282 shares of the energy producer’s stock worth $2,962,000 after purchasing an additional 2,919 shares in the last quarter. Wells Fargo & Company MN increased its stake in shares of EP Energy by 11.7% during the second quarter. Wells Fargo & Company MN now owns 28,848 shares of the energy producer’s stock worth $106,000 after purchasing an additional 3,028 shares in the last quarter. Parametric Portfolio Associates LLC increased its stake in shares of EP Energy by 1.1% during the second quarter. Parametric Portfolio Associates LLC now owns 817,432 shares of the energy producer’s stock worth $2,992,000 after purchasing an additional 8,690 shares in the last quarter. Finally, Vanguard Group Inc. increased its stake in shares of EP Energy by 0.3% during the second quarter. Vanguard Group Inc. now owns 3,459,190 shares of the energy producer’s stock worth $12,660,000 after purchasing an additional 9,068 shares in the last quarter. 68.89% of the stock is owned by institutional investors and hedge funds.

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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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