Analysts Expect EP Energy Corporation (NASDAQ:EPEG) Will Post Earnings of -$0.16 Per Share

Equities analysts expect EP Energy Corporation (NASDAQ:EPEG) to post earnings of ($0.16) per share for the current fiscal quarter, according to Zacks Investment Research. Three analysts have made estimates for EP Energy’s earnings, with the lowest EPS estimate coming in at ($0.18) and the highest estimate coming in at ($0.12). EP Energy posted earnings of ($0.04) per share in the same quarter last year, which indicates a negative year-over-year growth rate of 300%. The firm is expected to issue its next earnings report on Friday, August 9th.

According to Zacks, analysts expect that EP Energy will report full year earnings of ($0.63) per share for the current financial year, with EPS estimates ranging from ($0.72) to ($0.53). For the next year, analysts expect that the company will post earnings of ($0.75) per share, with EPS estimates ranging from ($1.12) to ($0.48). Zacks’ earnings per share averages are an average based on a survey of research firms that follow EP Energy.

EP Energy (NASDAQ:EPEG) last posted its quarterly earnings results on Friday, August 9th. The company reported ($0.15) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.16) by $0.01. The firm had revenue of $256.00 million for the quarter, compared to analysts’ expectations of $240.09 million.

Separately, Zacks Investment Research cut shares of EP Energy from a “strong-buy” rating to a “hold” rating in a report on Friday, July 26th.

NASDAQ EPEG traded down $0.06 during trading hours on Friday, hitting $0.09. 1,237,175 shares of the stock were exchanged, compared to its average volume of 1,052,248. EP Energy has a 12-month low of $0.05 and a 12-month high of $2.55. The stock has a 50-day moving average of $0.15.

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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