Zacks Investment Research upgraded shares of EP Energy (NYSE:EPE) from a hold rating to a buy rating in a research note issued to investors on Wednesday morning. They currently have $2.50 price objective on the energy producer’s stock.
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 analysts have also recently issued research reports about the company. 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. Stifel Nicolaus set a $3.00 target price on EP Energy and gave the stock a hold rating in a research report on Thursday, October 5th. ValuEngine upgraded EP Energy from a sell rating to a hold rating in a research report on Thursday, November 9th. 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, Robert W. Baird began coverage on EP Energy in a research report on Tuesday, December 19th. They set an outperform rating and a $2.00 target price on the stock. Nine equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the company. The company currently has a consensus rating of Hold and a consensus target price of $3.54.
EP Energy (EPE) traded up $0.01 on Wednesday, hitting $2.48. The stock had a trading volume of 658,710 shares, compared to its average volume of 902,782. The company has a debt-to-equity ratio of 8.01, a quick ratio of 0.65 and a current ratio of 0.69. EP Energy has a twelve month low of $1.54 and a twelve month high of $6.32.
EP Energy (NYSE:EPE) last posted its earnings results on Wednesday, November 1st. The energy producer reported ($0.12) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.13) by $0.01. EP Energy had a negative return on equity of 8.50% and a negative net margin of 25.44%. The business had revenue of $219.00 million for the quarter, compared to analysts’ expectations of $264.90 million. During the same quarter in the previous year, the firm earned $0.10 earnings per share. equities research analysts anticipate that EP Energy will post -0.42 EPS for the current year.
A number of institutional investors and hedge funds have recently made changes to their positions in the business. JPMorgan Chase & Co. boosted 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 purchasing an additional 52,904 shares in the last quarter. Vanguard Group Inc. boosted its holdings in EP Energy by 0.3% in the 2nd quarter. Vanguard Group Inc. now owns 3,459,190 shares of the energy producer’s stock valued at $12,660,000 after purchasing an additional 9,068 shares in the last quarter. Northern Trust Corp boosted 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 purchasing an additional 32,018 shares in the last quarter. Parametric Portfolio Associates LLC boosted its holdings in EP Energy by 1.1% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 817,432 shares of the energy producer’s stock valued at $2,992,000 after purchasing an additional 8,690 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in EP Energy by 0.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 809,282 shares of the energy producer’s stock valued at $2,962,000 after purchasing an additional 2,919 shares in the last quarter. 68.89% of the stock is currently owned by 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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