Zacks: EP Energy Corporation (NASDAQ:EPEG) Given $1.21 Consensus Target Price by Analysts

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Shares of EP Energy Corporation (NASDAQ:EPEG) have been assigned a consensus broker rating score of 4.00 (Sell) from the six analysts that provide coverage for the stock, Zacks Investment Research reports. Two research analysts have rated the stock with a strong sell rating, two have assigned a sell rating and two have issued a hold rating on the company. EP Energy’s rating score has declined by 16.3% from three months ago as a result of various analysts’ ratings changes.

Brokerages have set a twelve-month consensus target price of $1.21 for the company and are forecasting that the company will post ($0.16) earnings per share for the current quarter, according to Zacks. Zacks has also assigned EP Energy an industry rank of 164 out of 256 based on the ratings given to related companies.

Separately, Zacks Investment Research raised General Moly from a “sell” rating to a “hold” rating in a report on Thursday, July 11th.

Shares of EPEG stock traded up $0.02 during trading hours on Wednesday, reaching $0.19. The company had a trading volume of 76,697 shares, compared to its average volume of 1,142,807. EP Energy has a twelve month low of $0.05 and a twelve month high of $2.55.

EP Energy (NASDAQ:EPEG) last posted its earnings results on Wednesday, May 8th. The company reported ($0.15) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.20) by $0.05. The company had revenue of $229.00 million during the quarter, compared to analyst estimates of $231.58 million.

EP Energy Company Profile

EP Energy Corporation, an independent exploration and production company, engages in the acquisition and development of unconventional onshore oil and natural gas properties in the United States. Its assets are located primarily in three areas, such as the Eagle Ford Shale in South Texas; Northeastern Utah in the Uinta basin; and the Permian basin in West Texas.

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