Wall Street analysts expect EP Energy Corp (NYSE:EPE) to post sales of $292.13 million for the current quarter, Zacks Investment Research reports. Four analysts have issued estimates for EP Energy’s earnings. The highest sales estimate is $299.00 million and the lowest is $281.50 million. EP Energy posted sales of $327.00 million during the same quarter last year, which would suggest a negative year over year growth rate of 10.7%. The firm is expected to announce its next earnings report on Thursday, May 3rd.
On average, analysts expect that EP Energy will report full-year sales of $292.13 million for the current fiscal year, with estimates ranging from $1.13 billion to $1.28 billion. For the next financial year, analysts expect that the company will post sales of $1.26 billion per share, with estimates ranging from $1.21 billion to $1.32 billion. Zacks Investment Research’s sales averages are an average based on a survey of research firms that cover EP Energy.
EP Energy (NYSE:EPE) last posted its earnings results on Wednesday, February 28th. The energy producer reported ($0.07) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.12) by $0.05. EP Energy had a negative net margin of 18.20% and a negative return on equity of 19.42%. The firm had revenue of $224.00 million during the quarter, compared to the consensus estimate of $275.69 million. During the same period last year, the firm posted $0.12 EPS.
EPE has been the subject of several recent research reports. ValuEngine downgraded shares of EP Energy from a “sell” rating to a “strong sell” rating in a report on Friday, December 1st. Zacks Investment Research upgraded shares of EP Energy from a “hold” rating to a “buy” rating and set a $2.75 target price for the company in a report on Friday, January 19th. Royal Bank of Canada set a $3.00 target price on shares of EP Energy and gave the company a “hold” rating in a report on Wednesday, December 20th. Robert W. Baird raised their target price on shares of EP Energy from $2.00 to $5.00 and gave the company an “outperform” rating in a report on Tuesday, January 2nd. Finally, Stifel Nicolaus set a $3.00 price target on shares of EP Energy and gave the stock a “hold” rating in a report on Tuesday, January 30th. Eight equities research analysts have rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $3.02.
Several hedge funds and other institutional investors have recently modified their holdings of EPE. Luminus Management LLC grew its holdings in shares of EP Energy by 457.6% during the fourth quarter. Luminus Management LLC now owns 2,230,380 shares of the energy producer’s stock worth $5,264,000 after buying an additional 1,830,380 shares in the last quarter. First Trust Advisors LP purchased a new stake in shares of EP Energy during the fourth quarter worth about $986,000. BlackRock Inc. grew its holdings in EP Energy by 5.3% in the fourth quarter. BlackRock Inc. now owns 4,045,762 shares of the energy producer’s stock valued at $9,548,000 after purchasing an additional 203,147 shares during the period. Cpwm LLC grew its holdings in EP Energy by 31.9% in the fourth quarter. Cpwm LLC now owns 570,500 shares of the energy producer’s stock valued at $1,346,000 after purchasing an additional 137,968 shares during the period. Finally, Schwab Charles Investment Management Inc. grew its holdings in EP Energy by 207.8% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 186,220 shares of the energy producer’s stock valued at $440,000 after purchasing an additional 125,720 shares during the period. Institutional investors and hedge funds own 68.84% of the company’s stock.
EP Energy (NYSE EPE) traded down $0.06 during trading hours on Friday, reaching $1.75. 330,518 shares of the company’s stock traded hands, compared to its average volume of 775,670. The company has a debt-to-equity ratio of 10.26, a current ratio of 1.04 and a quick ratio of 1.00. EP Energy has a 52-week low of $1.50 and a 52-week high of $5.27. The stock has a market cap of $442.89, a P/E ratio of -2.28 and a beta of 3.96.
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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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