EP Energy (EPE) Downgraded by Zacks Investment Research to “Hold”

EP Energy (NYSE:EPE) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report issued on Tuesday.

According to Zacks, “EP Energy Corporation is involved in the acquisition and development of unconventional onshore oil and natural gas. The company’s assets consist of the Eagle Ford Shale in South Texas, the Wolfcamp Shale in Permian Basin in West Texas, the Altamont field in the Uinta Basin in Utah and the Haynesville Shale in North Louisiana. EP Energy Corporation is based in Houston, United States. “

Several other analysts also recently issued reports on EPE. ValuEngine downgraded shares of EP Energy from a “sell” rating to a “strong sell” rating in a research report on Sunday, December 31st. Robert W. Baird began coverage on shares of EP Energy in a research report on Tuesday, December 19th. They issued an “outperform” rating and a $2.00 price objective for the company. Jefferies Group reaffirmed an “underperform” rating and issued a $1.00 price objective on shares of EP Energy in a research report on Tuesday, October 10th. Royal Bank of Canada set a $3.00 price objective on shares of EP Energy and gave the company a “hold” rating in a research report on Wednesday, December 20th. Finally, BMO Capital Markets set a $3.00 price objective on shares of EP Energy and gave the company a “hold” rating in a research report on Tuesday, October 10th. Nine research 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. EP Energy has a consensus rating of “Hold” and a consensus target price of $3.54.

EP Energy (EPE) traded down $0.01 on Tuesday, reaching $2.38. 569,500 shares of the company were exchanged, compared to its average volume of 919,945. The firm has a market cap of $611.12, a P/E ratio of -2.25 and a beta of 4.45. EP Energy has a 12-month low of $1.54 and a 12-month high of $6.32. 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 posted its earnings results on Wednesday, November 1st. The energy producer reported ($0.12) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.13) by $0.01. The firm had revenue of $219.00 million during the quarter, compared to the consensus estimate of $264.90 million. EP Energy had a negative net margin of 25.44% and a negative return on equity of 8.50%. During the same quarter in the prior year, the company earned $0.10 EPS. analysts expect that EP Energy will post -0.42 EPS for the current year.

Several institutional investors have recently added to or reduced their stakes in EPE. Wells Fargo & Company MN boosted its stake in shares of EP Energy by 11.7% during the 2nd quarter. Wells Fargo & Company MN now owns 28,848 shares of the energy producer’s stock valued at $106,000 after buying an additional 3,028 shares during the last quarter. SG Americas Securities LLC purchased a new position in shares of EP Energy during the 3rd quarter valued at approximately $160,000. Rhumbline Advisers boosted its stake in shares of EP Energy by 0.6% during the 2nd quarter. Rhumbline Advisers now owns 58,536 shares of the energy producer’s stock valued at $214,000 after buying an additional 375 shares during the last quarter. Virtu KCG Holdings LLC boosted its stake 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 during the last quarter. Finally, Engineers Gate Manager LP purchased a new position in shares of EP Energy during the 2nd quarter valued at approximately $313,000. 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).

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