EP Energy Corporation EPE is involved in the acquisition and development of unconventional onshore oil and natural gas that could be an interesting play for investors. That is because, not only does the stock have decent short-term momentum, but it is seeing solid activity on the earnings estimate revision front as well.
These positive earnings estimate revisions suggest that analysts are becoming more optimistic on EPE’s earnings for the coming quarter and year. In fact, consensus estimates have moved sharply higher for both of these time frames over the past four weeks, suggesting that EP Energy could be a solid choice for investors.
Current Quarter Estimates for EPE
In the past 30 days, two estimates have gone higher for EP Energy while none have gone lower in the same time period. The trend has been pretty favorable too, with estimates narrowing from a loss of 11 cents a share 30 days ago, to 10 cents today, a move of 9.1%.
Current Year Estimates for EPE
Meanwhile, EP Energy’s current year figures are also looking quite promising, with two estimates moving higher in the past month, compared to none lower. The consensus estimate trend has also seen a boost for this time frame, narrowing from a loss 43 cents per share 30 days ago to a loss 42 cents per share today, a move of 2.3%.
EP Energy Corporation Price and Consensus
Bottom Line
The stock has also started to move higher lately, adding 41% over the past four weeks, suggesting that investors are starting to take note of this impressive story. So investors may definitely want to consider this Zacks Rank #3 (Hold) stock to profit in the near future. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
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