$246.71 Million in Sales Expected for EP Energy Corporation (NASDAQ:EPEG) This Quarter

Equities research analysts expect EP Energy Corporation (NASDAQ:EPEG) to post $246.71 million in sales for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for EP Energy’s earnings, with estimates ranging from $241.00 million to $251.12 million. EP Energy posted sales of $329.00 million in the same quarter last year, which would indicate a negative year-over-year growth rate of 25%. The firm is expected to announce its next quarterly earnings report on Thursday, August 8th.

According to Zacks, analysts expect that EP Energy will report full-year sales of $988.93 million for the current financial year, with estimates ranging from $974.00 million to $1.01 billion. For the next financial year, analysts forecast that the firm will post sales of $1.00 billion, with estimates ranging from $981.81 million to $1.02 billion. Zacks’ sales averages are an average based on a survey of sell-side analysts that that provide coverage for EP Energy.

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

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

Shares of EP Energy stock traded down $0.01 during trading hours on Friday, reaching $0.17. The company’s stock had a trading volume of 171,874 shares, compared to its average volume of 1,142,807. EP Energy has a one year low of $0.05 and a one year high of $2.55.

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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