In a report issued on November 25, Derrick Whitfield from Stifel Nicolaus reiterated a Hold rating on EP Energy (EPE), with a price target of $1.70. The company’s shares closed yesterday at $1.11, close to its 52-week low of $1.01.
According to TipRanks.com, Whitfield has 0 stars on 0-5 star ranking scale with an average return of -10.1% and a 30.1% success rate. Whitfield covers the Basic Materials sector, focusing on stocks such as Centennial Resource Development Inc, Sundance Energy Australia, and Continental Resources.
The word on The Street in general, suggests a Hold analyst consensus rating for EP Energy with a $2.18 average price target, implying a 96.4% upside from current levels. In a report issued on November 12, BMO Capital also reiterated a Hold rating on the stock with a $2 price target.
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Based on EP Energy’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $338 million and GAAP net loss of $44 million. In comparison, last year the company earned revenue of $242 million and had a GAAP net loss of $72 million.
Based on the recent corporate insider activity of 52 insiders, corporate insider sentiment is negative on the stock.
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EP Energy Corp. engages in the acquisition and development of unconventional onshore oil and natural gas properties. It focuses on the development of drilling inventory located in three areas: the Permian basin in west Texas, the eagle ford shale in South Texas, and the Altamont field in the Uinta basin in Northeastern Utah.
