EP Energy (NASDAQ:EPEG) Upgraded by Zacks Investment Research to Strong-Buy

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EP Energy (NASDAQ:EPEG) was upgraded by Zacks Investment Research from a “hold” rating to a “strong-buy” rating in a research report issued to clients and investors on Monday, Zacks.com reports. The brokerage currently has a $0.25 price objective on the stock. Zacks Investment Research‘s price target suggests a potential upside of 35.50% from the company’s previous close.

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. “

EPEG traded up $0.02 during midday trading on Monday, reaching $0.18. 107,067 shares of the company were exchanged, compared to its average volume of 1,135,355. EP Energy has a one year low of $0.05 and a one year high of $2.55.

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

About EP Energy

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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