EP Energy (EPE) Given a $3.00 Price Target at Royal Bank of Canada

Royal Bank of Canada set a $3.00 target price on EP Energy (NYSE:EPE) in a research report report published on Wednesday morning. The firm currently has a hold rating on the energy producer’s stock.

Several other brokerages have also recently issued reports on EPE. Stifel Nicolaus set a $3.00 target price on shares of EP Energy and gave the stock a hold rating in a report on Thursday, October 5th. Jefferies Group restated an underperform rating and issued a $1.00 target price on shares of EP Energy in a report on Tuesday, October 10th. Zacks Investment Research upgraded shares of EP Energy from a hold rating to a buy rating and set a $3.50 target price on the stock in a report on Monday, October 9th. ValuEngine cut shares of EP Energy from a hold rating to a sell rating in a report on Monday, October 2nd. Finally, BMO Capital Markets set a $3.00 target price on shares of EP Energy and gave the stock a hold rating in a report on Tuesday, October 10th. Nine analysts have rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating to the company’s stock. EP Energy has a consensus rating of Hold and an average price target of $3.38.

Shares of EP Energy (NYSE EPE) traded up $0.02 during trading on Wednesday, hitting $1.95. 646,700 shares of the stock traded hands, compared to its average volume of 1,039,176. The company has a current ratio of 0.69, a quick ratio of 0.65 and a debt-to-equity ratio of 8.01. EP Energy has a 1 year low of $1.54 and a 1 year high of $6.93.

EP Energy (NYSE:EPE) last issued its earnings results on Wednesday, November 1st. The energy producer reported ($0.12) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.13) by $0.01. EP Energy had a negative net margin of 25.44% and a negative return on equity of 8.50%. The firm had revenue of $219.00 million for the quarter, compared to analysts’ expectations of $264.90 million. During the same quarter last year, the business earned $0.10 earnings per share. analysts predict that EP Energy will post -0.45 EPS for the current year.

A number of large investors have recently added to or reduced their stakes in EPE. JPMorgan Chase & Co. boosted its holdings in shares of EP Energy by 1.0% during the 2nd quarter. JPMorgan Chase & Co. now owns 5,313,377 shares of the energy producer’s stock valued at $19,447,000 after buying an additional 52,904 shares in the last quarter. Virtu KCG Holdings LLC boosted its holdings in shares of EP Energy by 86.4% during the 2nd quarter. Virtu KCG Holdings LLC now owns 82,065 shares of the energy producer’s stock valued at $300,000 after buying an additional 38,029 shares in the last quarter. Parametric Portfolio Associates LLC boosted its holdings in shares of EP Energy by 1.1% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 817,432 shares of the energy producer’s stock valued at $2,992,000 after buying an additional 8,690 shares in the last quarter. Alliancebernstein L.P. boosted its holdings in shares of EP Energy by 9.6% during the 2nd quarter. Alliancebernstein L.P. now owns 187,162 shares of the energy producer’s stock valued at $685,000 after buying an additional 16,400 shares in the last quarter. Finally, Engineers Gate Manager LP bought a new stake in shares of EP Energy during the 2nd quarter valued at $313,000. Institutional investors and hedge funds own 68.89% of the company’s stock.

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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).

Analyst Recommendations for EP Energy (NYSE:EPE)

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