EP Energy Corp (EPE) Announces Quarterly Earnings Results

EP Energy Corp (NYSE:EPE) released its quarterly earnings results on Wednesday. The company reported $0.12 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.20 by $0.08. During the same period last year, the firm earned $0.22 EPS.

EP Energy Corp (NYSE:EPE) traded down 1.03% on Friday, reaching $4.79. 821,730 shares of the company were exchanged. The stock’s market capitalization is $1.20 billion. The stock has a 50-day moving average price of $4.70 and a 200 day moving average price of $4.88. EP Energy Corp has a 52 week low of $3.29 and a 52 week high of $7.49.

Earnings History for EP Energy Corp (NYSE:EPE)

A number of equities research analysts have recently weighed in on EPE shares. Citigroup Inc lowered shares of EP Energy Corp from a “neutral” rating to a “sell” rating in a report on Wednesday, January 4th. BMO Capital Markets reissued a “hold” rating and set a $4.00 price objective on shares of EP Energy Corp in a report on Wednesday, January 11th. Scotiabank set a $6.00 price objective on shares of EP Energy Corp and gave the company a “hold” rating in a report on Thursday, March 2nd. FBR & Co reissued a “hold” rating on shares of EP Energy Corp in a report on Thursday, March 2nd. Finally, Deutsche Bank AG dropped their price objective on shares of EP Energy Corp from $7.00 to $6.00 and set a “hold” rating on the stock in a report on Tuesday, March 7th. Five equities research analysts have rated the stock with a sell rating, nine have given a hold rating, two have given a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $5.08.

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Several large investors have recently made changes to their positions in the stock. Bowling Portfolio Management LLC raised its stake in shares of EP Energy Corp by 0.6% in the fourth quarter. Bowling Portfolio Management LLC now owns 103,883 shares of the company’s stock worth $680,000 after buying an additional 628 shares during the last quarter. State Street Corp raised its stake in shares of EP Energy Corp by 2.0% in the fourth quarter. State Street Corp now owns 653,782 shares of the company’s stock worth $4,283,000 after buying an additional 13,072 shares during the last quarter. Acrospire Investment Management LLC raised its stake in shares of EP Energy Corp by 106.9% in the third quarter. Acrospire Investment Management LLC now owns 35,084 shares of the company’s stock worth $154,000 after buying an additional 18,126 shares during the last quarter. California Public Employees Retirement System raised its stake in shares of EP Energy Corp by 5.3% in the third quarter. California Public Employees Retirement System now owns 408,300 shares of the company’s stock worth $1,788,000 after buying an additional 20,700 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in shares of EP Energy Corp by 2.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 815,750 shares of the company’s stock worth $5,343,000 after buying an additional 23,203 shares during the last quarter. Institutional investors and hedge funds own 73.06% of the company’s stock.

EP Energy Corp 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 diverse base of producing assets and are focused on creating value through the development of its drilling inventory located in four areas: the Eagle Ford Shale (South Texas), the Wolfcamp Shale (Permian Basin in West Texas), the Altamont Field in the Uinta Basin (Northeastern Utah) and the Haynesville Shale (North Louisiana).

5 Day Chart for NYSE:EPE

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