EP Energy (EPE) Earns Outperform Rating from Analysts at Robert W. Baird

Robert W. Baird began coverage on shares of EP Energy (NYSE:EPE) in a research note released on Tuesday, MarketBeat Ratings reports. The firm issued an outperform rating and a $2.00 price target on the energy producer’s stock.

Several other brokerages have also recently issued reports on EPE. ValuEngine upgraded EP Energy from a sell rating to a hold rating in a research report on Thursday, November 9th. Royal Bank of Canada set a $5.00 price target on EP Energy and gave the company a hold rating in a research report on Thursday, August 24th. Zacks Investment Research upgraded EP Energy from a hold rating to a buy rating and set a $3.50 price target on the stock in a research report on Monday, October 9th. J P Morgan Chase & Co cut EP Energy from a neutral rating to an underweight rating in a research report on Thursday, November 2nd. Finally, BMO Capital Markets set a $3.00 price target on EP Energy and gave the company a hold rating in a research report on Tuesday, October 10th. Nine analysts have rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the stock. The stock currently has a consensus rating of Hold and an average price target of $3.38.

EP Energy (EPE) opened at $2.04 on Tuesday. EP Energy has a 1 year low of $1.54 and a 1 year high of $6.93. The company has a debt-to-equity ratio of 8.01, a quick ratio of 0.65 and a current ratio of 0.69.

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

Several hedge funds and other institutional investors have recently modified their holdings of EPE. Wells Fargo & Company MN grew its holdings in shares of EP Energy by 11.7% in the 2nd quarter. Wells Fargo & Company MN now owns 28,848 shares of the energy producer’s stock worth $106,000 after acquiring an additional 3,028 shares during the last quarter. SG Americas Securities LLC acquired a new position in shares of EP Energy in the 3rd quarter worth $160,000. Rhumbline Advisers grew its holdings in shares of EP Energy by 0.6% in the 2nd quarter. Rhumbline Advisers now owns 58,536 shares of the energy producer’s stock worth $214,000 after acquiring an additional 375 shares during the last quarter. Strs Ohio acquired a new position in shares of EP Energy in the 2nd quarter worth $292,000. Finally, Virtu KCG Holdings LLC grew its holdings in shares of EP Energy by 86.4% in the 2nd quarter. Virtu KCG Holdings LLC now owns 82,065 shares of the energy producer’s stock worth $300,000 after acquiring an additional 38,029 shares during the last quarter. 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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