EP Energy Corporation (EPE) Releases Earnings Results, Beats Expectations By $0.01 EPS

EP Energy Corporation (NYSE:EPE) issued its earnings results on Wednesday. The energy producer reported ($0.12) EPS for the quarter, topping analysts’ consensus estimates of ($0.13) by $0.01, Bloomberg Earnings reports. During the same period in the previous year, the company posted $0.10 earnings per share.

A number of analysts have recently commented on EPE shares. Tudor Pickering downgraded EP Energy Corporation from a “buy” rating to a “sell” rating in a research note on Tuesday, September 5th. Zacks Investment Research upgraded EP Energy Corporation from a “hold” rating to a “buy” rating and set a $3.50 target price on the stock in a research note on Monday, October 9th. ValuEngine downgraded EP Energy Corporation from a “hold” rating to a “sell” rating in a research note on Monday, October 2nd. Royal Bank Of Canada set a $5.00 target price on EP Energy Corporation and gave the stock a “hold” rating in a research note on Thursday, August 24th. Finally, Stifel Nicolaus set a $3.00 target price on EP Energy Corporation and gave the stock a “hold” rating in a research note on Thursday, October 5th. Eight analysts have rated the stock with a sell rating and seven have issued a hold rating to the company’s stock. The company has an average rating of “Sell” and an average price target of $3.68.

A hedge fund recently raised its stake in EP Energy Corporation stock. State Street Corp grew its holdings in shares of EP Energy Corporation (NYSE:EPE) by 3.4% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 674,288 shares of the energy producer’s stock after purchasing an additional 22,030 shares during the period. State Street Corp owned approximately 0.26% of EP Energy Corporation worth $2,469,000 at the end of the most recent reporting period. 70.15% of the stock is owned by institutional investors.

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About EP Energy Corporation

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 for EP Energy Corporation (NYSE:EPE)

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