Equities Analysts Offer Predictions for EP Energy Corp’s FY2017 Earnings (EPE)

EP Energy Corp (NYSE:EPE) – Stock analysts at Jefferies Group increased their FY2017 earnings per share estimates for shares of EP Energy in a research report issued to clients and investors on Wednesday. Jefferies Group analyst M. Lear now forecasts that the energy producer will post earnings of ($0.39) per share for the year, up from their prior estimate of ($0.43). Jefferies Group has a “Underperform” rating and a $1.00 price objective on the stock. Jefferies Group also issued estimates for EP Energy’s Q4 2017 earnings at ($0.06) EPS, Q1 2018 earnings at ($0.05) EPS, Q2 2018 earnings at ($0.05) EPS, Q3 2018 earnings at ($0.04) EPS, Q4 2018 earnings at ($0.05) EPS, FY2018 earnings at ($0.20) EPS, Q1 2019 earnings at ($0.05) EPS, Q2 2019 earnings at ($0.06) EPS, Q3 2019 earnings at ($0.06) EPS and FY2019 earnings at ($0.22) EPS.

EP Energy (NYSE:EPE) last released its quarterly 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. The company had revenue of $219.00 million during the quarter, compared to the consensus estimate of $264.90 million. EP Energy had a negative return on equity of 8.50% and a negative net margin of 25.44%. During the same quarter in the prior year, the company posted $0.10 EPS.

Other analysts also recently issued research reports about the company. Zacks Investment Research upgraded EP Energy from a “hold” rating to a “buy” rating and set a $3.50 price target for the company in a research note on Monday, October 9th. BMO Capital Markets set a $3.00 target price on EP Energy and gave the company a “hold” rating in a research note on Tuesday, October 10th. ValuEngine upgraded EP Energy from a “sell” rating to a “hold” rating in a research note on Thursday, November 9th. Stifel Nicolaus set a $3.00 target price on EP Energy and gave the company a “hold” rating in a research note on Thursday, October 5th. Finally, Royal Bank of Canada set a $3.00 target price on EP Energy and gave the company a “hold” rating in a research note on Wednesday, December 20th. Nine research analysts have rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $3.38.

Shares of EP Energy (NYSE:EPE) opened at $2.09 on Monday. The stock has a market capitalization of $534.41, a PE ratio of -1.97 and a beta of 4.45. EP Energy has a 52 week low of $1.54 and a 52 week 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.

Large investors have recently made changes to their positions in the stock. JPMorgan Chase & Co. boosted its stake in 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 purchasing an additional 52,904 shares during the period. Virtu KCG Holdings LLC raised its holdings in EP Energy by 86.4% in the 2nd quarter. Virtu KCG Holdings LLC now owns 82,065 shares of the energy producer’s stock valued at $300,000 after acquiring an additional 38,029 shares in the last quarter. Parametric Portfolio Associates LLC raised its holdings in EP Energy by 1.1% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 817,432 shares of the energy producer’s stock valued at $2,992,000 after acquiring an additional 8,690 shares in the last quarter. Alliancebernstein L.P. raised its holdings in EP Energy by 9.6% in the 2nd quarter. Alliancebernstein L.P. now owns 187,162 shares of the energy producer’s stock valued at $685,000 after acquiring an additional 16,400 shares in the last quarter. Finally, Engineers Gate Manager LP acquired a new position in EP Energy in the 2nd quarter valued at approximately $313,000. Hedge funds and other institutional investors own 68.89% of the company’s stock.

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About EP Energy

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 (NYSE:EPE)

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