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

Other research analysts have also recently issued research reports about the company. ValuEngine upgraded EP Energy from a sell rating to a hold rating in a research note on Wednesday, September 13th. Zacks Investment Research cut EP Energy from a strong-buy rating to a hold rating in a research note on Wednesday, October 11th. Robert W. Baird assumed coverage on EP Energy in a research note on Tuesday, December 19th. They set an outperform rating and a $2.00 price objective for the company. Jefferies Group reiterated an underperform rating and set a $1.00 price objective on shares of EP Energy in a research note on Tuesday, October 10th. Finally, BMO Capital Markets set a $3.00 price objective on EP Energy and gave the company a hold rating in a research note on Tuesday, October 10th. Nine research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the stock. EP Energy has an average rating of Hold and an average target price of $3.38.

Shares of EP Energy (NYSE:EPE) traded up $0.05 during trading hours on Wednesday, reaching $2.09. The company’s stock had a trading volume of 952,043 shares, compared to its average volume of 1,042,962. The stock has a market capitalization of $521.63, a PE ratio of -1.97 and a beta of 4.45. EP Energy has a 1-year low of $1.54 and a 1-year high of $6.93. The company has a quick ratio of 0.65, a current ratio of 0.69 and a debt-to-equity ratio of 8.01.

EP Energy (NYSE:EPE) last announced its quarterly earnings data on Wednesday, November 1st. The energy producer reported ($0.12) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.13) by $0.01. The business had revenue of $219.00 million during the quarter, compared to analysts’ expectations 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 previous year, the business earned $0.10 earnings per share. sell-side analysts predict that EP Energy will post -0.43 EPS for the current fiscal year.

Several hedge funds have recently bought and sold shares of the company. Rhumbline Advisers raised its stake in shares of EP Energy by 0.6% in the second quarter. Rhumbline Advisers now owns 58,536 shares of the energy producer’s stock worth $214,000 after purchasing an additional 375 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of EP Energy by 0.4% in the second quarter. Dimensional Fund Advisors LP now owns 809,282 shares of the energy producer’s stock worth $2,962,000 after purchasing an additional 2,919 shares during the last quarter. Wells Fargo & Company MN grew its holdings in shares of EP Energy by 11.7% in the second 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 period. Parametric Portfolio Associates LLC grew its holdings in shares of EP Energy by 1.1% in the second quarter. Parametric Portfolio Associates LLC now owns 817,432 shares of the energy producer’s stock worth $2,992,000 after acquiring an additional 8,690 shares during the period. Finally, Vanguard Group Inc. grew its holdings in shares of EP Energy by 0.3% in the second quarter. Vanguard Group Inc. now owns 3,459,190 shares of the energy producer’s stock worth $12,660,000 after acquiring an additional 9,068 shares during the period. Hedge funds and other institutional investors 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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