EP Energy Corporation (NYSE:EPE) – Analysts at Jefferies Group issued their Q1 2019 earnings per share estimates for EP Energy Corporation in a report released on Monday. Jefferies Group analyst M. Lear anticipates that the energy producer will post earnings per share of ($0.10) for the quarter. Jefferies Group currently has a “Underperform” rating and a $1.00 target price on the stock. Jefferies Group also issued estimates for EP Energy Corporation’s Q2 2019 earnings at ($0.11) EPS and Q3 2019 earnings at ($0.11) EPS.
Other analysts have also recently issued research reports about the company. Royal Bank Of Canada set a $7.00 price target on EP Energy Corporation and gave the company a “buy” rating in a report on Saturday, June 17th. Zacks Investment Research raised EP Energy Corporation from a “hold” rating to a “buy” rating and set a $3.50 price objective on the stock in a report on Monday. BMO Capital Markets reissued a “hold” rating and set a $3.00 price objective on shares of EP Energy Corporation in a report on Tuesday, August 8th. BidaskClub raised EP Energy Corporation from a “sell” rating to a “hold” rating in a report on Monday, July 31st. Finally, ValuEngine raised EP Energy Corporation from a “sell” rating to a “hold” rating in a report on Wednesday, September 13th. Eight investment analysts have rated the stock with a sell rating, seven have given a hold rating and one has assigned a strong buy rating to the stock. EP Energy Corporation presently has an average rating of “Hold” and a consensus target price of $3.77.
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EP Energy Corporation (NYSE:EPE) last released its earnings results on Wednesday, August 2nd. The energy producer reported ($0.10) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.12) by $0.02. The business had revenue of $296.00 million during the quarter, compared to the consensus estimate of $275.99 million. During the same quarter in the prior year, the firm earned $0.21 EPS.
Hedge funds and other institutional investors have recently made changes to their positions in the business. American International Group Inc. raised its position in EP Energy Corporation by 7.1% in the first quarter. American International Group Inc. now owns 23,840 shares of the energy producer’s stock valued at $113,000 after purchasing an additional 1,581 shares during the period. Wells Fargo & Company MN raised its position in EP Energy Corporation by 11.7% in the second quarter. Wells Fargo & Company MN now owns 28,848 shares of the energy producer’s stock valued at $106,000 after purchasing an additional 3,028 shares during the period. KCG Holdings Inc. raised its position in EP Energy Corporation by 24.4% in the first quarter. KCG Holdings Inc. now owns 44,036 shares of the energy producer’s stock valued at $209,000 after purchasing an additional 8,645 shares during the period. Public Employees Retirement System of Ohio raised its position in EP Energy Corporation by 7.5% in the first quarter. Public Employees Retirement System of Ohio now owns 53,428 shares of the energy producer’s stock valued at $254,000 after purchasing an additional 3,715 shares during the period. Finally, Rhumbline Advisers raised its position in EP Energy Corporation by 0.6% in the second quarter. Rhumbline Advisers now owns 58,536 shares of the energy producer’s stock valued at $214,000 after purchasing an additional 375 shares during the period. 70.42% of the stock is currently owned by institutional investors.
EP Energy Corporation 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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