KLR Group cut shares of EP Energy (NYSE:EPE) from a buy rating to a hold rating in a research report sent to investors on Monday, May 14th, MarketBeat.com reports. KLR Group currently has $3.00 target price on the energy producer’s stock.
A number of other research firms have also commented on EPE. ValuEngine upgraded shares of EP Energy from a hold rating to a buy rating in a research report on Friday, May 11th. Zacks Investment Research lowered shares of EP Energy from a buy rating to a hold rating in a research report on Monday, January 22nd. Stifel Nicolaus set a $3.00 target price on shares of EP Energy and gave the stock a hold rating in a research report on Tuesday, January 30th. Deutsche Bank assumed coverage on shares of EP Energy in a research report on Thursday, February 1st. They set a hold rating and a $2.50 target price on the stock. Finally, Bank of America dropped their price target on shares of EP Energy from $3.00 to $2.00 and set an underperform rating for the company in a research note on Thursday, March 8th. Seven analysts have rated the stock with a sell rating, nine have issued a hold rating and two have issued a buy rating to the company. The company presently has a consensus rating of Hold and a consensus target price of $2.71.
EP Energy opened at $3.31 on Monday, MarketBeat.com reports. EP Energy has a 52-week low of $1.26 and a 52-week high of $4.85. The company has a current ratio of 0.54, a quick ratio of 0.50 and a debt-to-equity ratio of 10.01. The stock has a market cap of $824.48 million, a PE ratio of -8.49 and a beta of 3.86.
EP Energy (NYSE:EPE) last issued its earnings results on Tuesday, May 8th. The energy producer reported ($0.07) earnings per share for the quarter, beating the consensus estimate of ($0.08) by $0.01. EP Energy had a negative net margin of 12.59% and a negative return on equity of 19.01%. The business had revenue of $286.00 million for the quarter, compared to analyst estimates of $282.76 million. research analysts expect that EP Energy will post -0.2 earnings per share for the current year.
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. BlackRock Inc. boosted its holdings in EP Energy by 5.3% during the fourth quarter. BlackRock Inc. now owns 4,045,762 shares of the energy producer’s stock worth $9,548,000 after purchasing an additional 203,147 shares during the last quarter. Luminus Management LLC boosted its holdings in 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 purchasing an additional 1,830,380 shares during the last quarter. Columbia Pacific Advisors LLC lifted its stake in EP Energy by 66.5% in the first quarter. Columbia Pacific Advisors LLC now owns 1,472,846 shares of the energy producer’s stock valued at $1,974,000 after acquiring an additional 588,381 shares during the last quarter. Cpwm LLC lifted its stake 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 acquiring an additional 137,968 shares during the last quarter. Finally, Fiera Capital Corp lifted its stake in EP Energy by 150.0% in the first quarter. Fiera Capital Corp now owns 500,000 shares of the energy producer’s stock valued at $670,000 after acquiring an additional 300,000 shares during the last quarter. Institutional investors and hedge funds own 68.23% of the company’s stock.
EP Energy Company Profile
EP Energy Corporation, an independent exploration and production company, engages in the exploration for and the acquisition, development, and production of oil, natural gas, and natural gas liquids in the United States. The company has interests in three primary areas, such as the Permian basin in West Texas; the Eagle Ford Shale in South Texas; and the Altamont Field in the Uinta basin in Northeastern Utah.
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