EP Energy Corporation (NASDAQ:EPEG) Expected to Post Earnings of -$0.15 Per Share

Analysts predict that EP Energy Corporation (NASDAQ:EPEG) will announce ($0.15) earnings per share (EPS) for the current quarter, Zacks reports. Three analysts have made estimates for EP Energy’s earnings. The lowest EPS estimate is ($0.17) and the highest is ($0.13). EP Energy posted earnings per share of ($0.01) in the same quarter last year, which indicates a negative year over year growth rate of 1,400%. The company is expected to announce its next quarterly earnings report on Thursday, August 8th.

On average, analysts expect that EP Energy will report full year earnings of ($0.64) per share for the current financial year, with EPS estimates ranging from ($0.70) to ($0.53). For the next financial year, analysts forecast that the firm will post earnings of ($0.75) per share, with EPS estimates ranging from ($0.94) to ($0.48). Zacks’ earnings per share averages are a mean average based on a survey of research analysts that cover EP Energy.

EP Energy (NASDAQ:EPEG) last released its quarterly earnings results on Wednesday, May 8th. The company reported ($0.15) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.20) by $0.05. The company had revenue of $229.00 million during the quarter, compared to analyst estimates of $231.58 million.

Separately, Zacks Investment Research upgraded shares of General Moly from a “sell” rating to a “hold” rating in a report on Thursday, July 11th.

Shares of EP Energy stock traded up $0.04 on Friday, hitting $0.20. The company had a trading volume of 280,992 shares, compared to its average volume of 1,158,626. EP Energy has a twelve month low of $0.05 and a twelve month high of $2.55.

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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