EP Energy (NASDAQ:EPEG) Downgraded to “Hold” at Zacks Investment Research

Zacks Investment Research cut shares of EP Energy (NASDAQ:EPEG) from a buy rating to a hold rating in a research note published on Thursday morning, Zacks.com reports.

According to Zacks, “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. “

Shares of NASDAQ:EPEG opened at $0.17 on Thursday. EP Energy has a 12-month low of $0.05 and a 12-month high of $2.88.

EP Energy (NASDAQ:EPEG) last issued its quarterly earnings data on Wednesday, May 8th. The company reported ($0.15) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.20) by $0.05. The business had revenue of $229.00 million for the quarter, compared to analyst estimates of $231.58 million.

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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