EP Energy (NASDAQ:EPEG) announced its earnings results on Friday. The company reported ($0.15) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.16) by $0.01, Bloomberg Earnings reports. The company had revenue of $256.00 million during the quarter, compared to analyst estimates of $240.09 million.
NASDAQ EPEG traded down $0.06 on Friday, reaching $0.09. The company had a trading volume of 1,237,175 shares, compared to its average volume of 1,052,248. EP Energy has a 1-year low of $0.05 and a 1-year high of $2.55. The stock’s fifty day moving average price is $0.15.
Separately, Zacks Investment Research lowered shares of EP Energy from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 26th.
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.
See Also: Why do corrections happen?
Receive News & Ratings for EP Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for EP Energy and related companies with MarketBeat.com's FREE daily email newsletter.