BidaskClub upgraded shares of EP Energy Corporation (NYSE:EPE) from a sell rating to a hold rating in a research note published on Monday, July 31st.
Several other equities analysts also recently commented on EPE. Stifel Nicolaus started coverage on EP Energy Corporation in a research note on Thursday, April 13th. They issued a hold rating and a $5.00 price objective on the stock. Jefferies Group LLC reiterated an underperform rating and issued a $4.00 price objective (up previously from $3.50) on shares of EP Energy Corporation in a research note on Sunday, April 23rd. Citigroup Inc. upgraded EP Energy Corporation from a sell rating to a neutral rating and upped their price objective for the company from $5.00 to $6.00 in a research note on Tuesday, May 9th. FBR & Co set a $5.00 price objective on EP Energy Corporation and gave the company a hold rating in a research note on Tuesday, May 16th. Finally, Credit Suisse Group downgraded EP Energy Corporation from a neutral rating to an underperform rating in a research note on Thursday, June 1st. Eight analysts have rated the stock with a sell rating, eight have given a hold rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of Hold and a consensus price target of $4.27.
EP Energy Corporation (EPE) opened at 3.31 on Monday. The stock’s 50 day moving average price is $3.48 and its 200-day moving average price is $4.33. EP Energy Corporation has a 52 week low of $3.15 and a 52 week high of $7.49. The company’s market cap is $844.05 million.
EP Energy Corporation (NYSE:EPE) last posted its quarterly earnings data on Wednesday, August 2nd. The energy producer reported ($0.10) EPS for the quarter, beating the consensus estimate of ($0.12) by $0.02. The firm had revenue of $296 million during the quarter, compared to analysts’ expectations of $275.99 million. During the same quarter in the previous year, the company posted $0.21 EPS.
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Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. boosted its position in EP Energy Corporation by 1.0% in the second quarter. JPMorgan Chase & Co. now owns 5,313,377 shares of the energy producer’s stock valued at $19,447,000 after buying an additional 52,904 shares during the last quarter. King Street Capital Management L.P. boosted its position in EP Energy Corporation by 33.3% in the first quarter. King Street Capital Management L.P. now owns 4,000,000 shares of the energy producer’s stock valued at $19,000,000 after buying an additional 1,000,000 shares during the last quarter. Vanguard Group Inc. boosted its position in EP Energy Corporation by 0.3% in the second quarter. Vanguard Group Inc. now owns 3,459,190 shares of the energy producer’s stock valued at $12,660,000 after buying an additional 9,068 shares during the last quarter. Northern Trust Corp boosted its position in EP Energy Corporation by 1.8% in the second quarter. Northern Trust Corp now owns 1,794,632 shares of the energy producer’s stock valued at $6,568,000 after buying an additional 32,018 shares during the last quarter. Finally, Columbia Pacific Advisors LLC boosted its position in EP Energy Corporation by 41.7% in the first quarter. Columbia Pacific Advisors LLC now owns 1,259,086 shares of the energy producer’s stock valued at $5,981,000 after buying an additional 370,233 shares during the last quarter. 72.32% of the stock is currently owned by hedge funds and other institutional investors.
About EP Energy Corporation
EP Energy Corporation (EP Energy) is an independent exploration and production company. The Company is engaged in the acquisition and development of unconventional onshore oil and natural gas properties in the United States. The Company operates through a base of producing assets. It is involved in the development of its drilling inventory located in three areas: the Eagle Ford Shale (South Texas), the Wolfcamp Shale (Permian Basin in West Texas) and the Altamont Field in the Uinta Basin (Northeastern Utah).
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