Brokerages Anticipate EP Energy Corp (EPE) Will Post Quarterly Sales of $276.97 Million

Brokerages expect EP Energy Corp (NYSE:EPE) to report $278.40 million in sales for the current quarter, Zacks Investment Research reports. Five analysts have made estimates for EP Energy’s earnings, with the lowest sales estimate coming in at $266.00 million and the highest estimate coming in at $290.00 million. The business is scheduled to report its next earnings report on Wednesday, March 7th.

On average, analysts expect that EP Energy will report full year sales of $278.40 million for the current fiscal year, with estimates ranging from $1.02 billion to $1.12 billion. For the next fiscal year, analysts expect that the business will post sales of $1.18 billion per share, with estimates ranging from $1.03 billion to $1.28 billion. Zacks Investment Research’s sales calculations are an average based on a survey of research analysts that that provide coverage for EP Energy.

EPE has been the subject of a number of research analyst reports. Zacks Investment Research upgraded EP Energy from a “hold” rating to a “buy” rating and set a $2.50 target price for the company in a report on Wednesday, January 10th. ValuEngine raised EP Energy from a “sell” rating to a “hold” rating in a research report on Thursday, November 9th. BMO Capital Markets set a $3.00 target price on EP Energy and gave the stock a “hold” rating in a research report on Tuesday, October 10th. Royal Bank of Canada set a $3.00 target price on EP Energy and gave the stock a “hold” rating in a research report on Wednesday, December 20th. Finally, Stifel Nicolaus set a $3.00 target price on EP Energy and gave the company a “hold” rating in a research note on Tuesday, January 30th. Eight research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $3.20.

Several large investors have recently added to or reduced their stakes in EPE. Rhumbline Advisers lifted its stake in shares of EP Energy by 0.6% in the second quarter. Rhumbline Advisers now owns 58,536 shares of the energy producer’s stock worth $214,000 after acquiring an additional 375 shares in the last quarter. Bank of New York Mellon Corp raised its stake in EP Energy by 15.5% during the second quarter. Bank of New York Mellon Corp now owns 238,950 shares of the energy producer’s stock valued at $874,000 after buying an additional 31,998 shares in the last quarter. Wells Fargo & Company MN raised its stake in EP Energy by 11.7% during the second quarter. Wells Fargo & Company MN now owns 28,848 shares of the energy producer’s stock valued at $106,000 after buying an additional 3,028 shares in the last quarter. Alliancebernstein L.P. raised its stake in EP Energy by 9.6% during the second quarter. Alliancebernstein L.P. now owns 187,162 shares of the energy producer’s stock valued at $685,000 after buying an additional 16,400 shares in the last quarter. Finally, Nationwide Fund Advisors raised its stake in EP Energy by 17.6% during the second quarter. Nationwide Fund Advisors now owns 143,709 shares of the energy producer’s stock valued at $526,000 after buying an additional 21,500 shares in the last quarter. Institutional investors and hedge funds own 68.93% of the company’s stock.

EP Energy (EPE) opened at $1.89 on Tuesday. The firm has a market capitalization of $483.27, a price-to-earnings ratio of -1.78 and a beta of 3.96. The company has a current ratio of 0.69, a quick ratio of 0.65 and a debt-to-equity ratio of 8.01. EP Energy has a twelve month low of $1.54 and a twelve month high of $5.80.

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

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