Equities Analysts Set Expectations for EP Energy Corporation’s Q3 2017 Earnings (EPE)

EP Energy Corporation (NYSE:EPE) – Stock analysts at Jefferies Group issued their Q3 2017 earnings per share (EPS) estimates for shares of EP Energy Corporation in a research note issued to investors on Monday. Jefferies Group analyst M. Lear expects that the energy producer will post earnings per share of ($0.12) for the quarter. Jefferies Group has a “Underperform” rating and a $1.00 price objective on the stock. Jefferies Group also issued estimates for EP Energy Corporation’s Q4 2017 earnings at ($0.10) EPS, FY2017 earnings at ($0.41) EPS, Q1 2018 earnings at ($0.11) EPS, Q2 2018 earnings at ($0.11) EPS, Q3 2018 earnings at ($0.09) EPS, Q4 2018 earnings at ($0.09) EPS, FY2018 earnings at ($0.40) EPS and FY2019 earnings at ($0.43) EPS.

EP Energy Corporation (NYSE:EPE) last released its quarterly earnings data on Wednesday, August 2nd. The energy producer reported ($0.10) earnings per share for the quarter, beating the consensus estimate of ($0.12) by $0.02. The company had revenue of $296.00 million for the quarter, compared to analysts’ expectations of $275.99 million. During the same period in the previous year, the firm earned $0.21 earnings per share.

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A number of other analysts have also recently commented on the stock. Citigroup Inc. cut shares of EP Energy Corporation from a “neutral” rating to a “sell” rating and lowered their target price for the stock from $4.00 to $3.00 in a research note on Friday, July 21st. Scotiabank lowered shares of EP Energy Corporation from a “sector perform” rating to an “underperform” rating and reduced their price target for the stock from $4.00 to $3.00 in a research report on Thursday, June 29th. Royal Bank Of Canada set a $5.00 price target on shares of EP Energy Corporation and gave the stock a “hold” rating in a research report on Thursday, August 24th. BidaskClub raised shares of EP Energy Corporation from a “strong sell” rating to a “sell” rating in a research report on Saturday, June 17th. Finally, Bank of America Corporation initiated coverage on shares of EP Energy Corporation in a research report on Wednesday, July 19th. They set an “underperform” rating and a $4.00 price target for the company. Eight research analysts have rated the stock with a sell rating, seven have given a hold rating and one has given a strong buy rating to the company. EP Energy Corporation currently has a consensus rating of “Hold” and an average price target of $3.77.

A number of large investors have recently modified their holdings of EPE. JPMorgan Chase & Co. increased its stake in shares of EP Energy Corporation by 1.0% during the second quarter. JPMorgan Chase & Co. now owns 5,313,377 shares of the energy producer’s stock worth $19,447,000 after buying an additional 52,904 shares during the period. Vanguard Group Inc. increased its stake in shares of EP Energy Corporation by 0.3% during the second quarter. Vanguard Group Inc. now owns 3,459,190 shares of the energy producer’s stock worth $12,660,000 after buying an additional 9,068 shares during the period. Northern Trust Corp increased its stake in shares of EP Energy Corporation by 1.8% during the second quarter. Northern Trust Corp now owns 1,794,632 shares of the energy producer’s stock worth $6,568,000 after buying an additional 32,018 shares during the period. Columbia Pacific Advisors LLC increased its stake in shares of EP Energy Corporation by 41.7% during the first quarter. Columbia Pacific Advisors LLC now owns 1,259,086 shares of the energy producer’s stock worth $5,981,000 after buying an additional 370,233 shares during the period. Finally, Parametric Portfolio Associates LLC increased its stake in shares of EP Energy Corporation by 1.1% during the second quarter. Parametric Portfolio Associates LLC now owns 817,432 shares of the energy producer’s stock worth $2,992,000 after buying an additional 8,690 shares during the period. Institutional investors own 70.42% of the company’s stock.

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).

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

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