Jefferies Resumes EP Energy Corp (EPE) at Underperform

Jefferies resumes coverage on EP Energy Corp (NYSE: EPE) with a Underperform rating and a price target of $3.00 (from $2.50).

Analyst Jonathan Wolff commented, "We are resuming coverage of EPE with an Underperform rating and a $3.00 PT. EPE has taken steps to improve its financial condition through assets sales, discounted bond re-purchases and reduced capital expenditures. Meanwhile, significant headwinds remain given still high financial leverage, expiring hedges, rapidly declining volumes and a relatively thin asset development portfolio."

For an analyst ratings summary and ratings history on EP Energy Corp click here. For more ratings news on EP Energy Corp click here.

Shares of EP Energy Corp closed at $4.13 yesterday.

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