It is Time to Neutral EP Energy Corporation (NYSE:EPE), Nomura Says. Stock May Be Worth $7.50


Why Has Nomura Given EP Energy Corporation (NYSE:EPE) a $7.50 Price Target

Research analysts at Nomura a key Neutral rating for EP Energy Corporation (NYSE:EPE). The firm began issuing coverage in a recent report published on 3 December. The target price per share would suggest upside of 45.91% from the close price.

From a total of 4 analysts covering EP Energy Corporation (NYSE:EPE) stock, 0 rate it a ”Buy”, 0 a “Sell”, and 0 a ”Hold”. This means that NaN of the ratings are positive. The highest target price is $65 while the lowest target price is $42. The mean of all analyst targets is $57.5 with a 100.77% above today’s ($5.17) stock price. EP Energy Corporation was the topic of 16 analyst reports since July 21, 2015 according to the firm StockzIntelligence Inc. Citigroup upgraded shares on November 12 to “Neutral” rating. Credit Suisse initiated shares with “Outperform” rating and $17 target share price in a report from a July 22. SunTrust maintained EPE stock in a recent report from October 19 with “Buy” rating. Finally, Northland Capital maintained the stock with “Outperform” rating in a report issued on a July 30.

Approximately 868,689 shares of stock traded hands. EP Energy Corp (NYSE:EPE) has declined 65.34% since April 30, 2015 and is downtrending. It has underperformed by 65.05% the S&P500.

EP Energy Corporation is an independent exploration and production company. The company has a market cap of $1.28 billion. The Firm is engaged in the acquisition and development of unconventional onshore oil and natural gas properties in the United States. It has 2.06 P/E ratio. The Firm operates through a base of producing assets located in four operating areas, which include the Eagle Ford Shale, the Wolfcamp Shale, the Altamont field in the Uinta Basin Northeastern Utah and the Haynesville Shale.

According to Zacks Investment Research, “EP Energy Corporation is involved in the acquisition and development of unconventional onshore oil and natural gas. The company’s assets consist of the Eagle Ford Shale in South Texas, the Wolfcamp Shale in Permian Basin in West Texas, the Altamont field in the Uinta Basin in Utah and the Haynesville Shale in North Louisiana. EP Energy Corporation is based in Houston, United States.” Get a free copy of the Zacks research report on EP Energy Corp (EPE).