EP Energy Receives a Hold from Scotiabank

By Ryan Adsit

In a report released today, Brian Corales from Scotiabank maintained a Hold rating on EP Energy (NYSE: EPE), with a price target of $4. The company’s shares closed yesterday at $4.03.

According to TipRanks.com, Corales is ranked 0 out of 5 stars with an average return of -13.4% and a 23.4% success rate. Corales covers the Basic Materials sector, focusing on stocks such as Quicksilver Resources Inc, Sundance Energy Australia, and Evolution Petroleum Corp.

Currently, the analyst consensus on EP Energy is Hold and the average price target is $5, representing a 24.1% upside.

In a report issued on May 23, Stifel Nicolaus also reiterated a Hold rating on the stock with a $5 price target.

Based on EP Energy’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $257 million and GAAP net loss of $47 million. In comparison, last year the company earned revenue of $182 million and had a net profit of $94 million.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

EP Energy Corp. is an independent exploration, and production company, which engages in the acquisition and development of unconventional onshore oil and natural gas properties. Its exploration assets includes Altamont program, Eagle Ford program, and Wolfcamp program. The company was founded on August 30, 2013 and is headquartered in Houston, TX.