Engineers Gate Manager LP Invests $313,000 in EP Energy Corporation (EPE) Stock

Engineers Gate Manager LP acquired a new position in shares of EP Energy Corporation (NYSE:EPE) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 85,614 shares of the energy producer’s stock, valued at approximately $313,000.

A number of other institutional investors also recently bought and sold shares of the business. Rhumbline Advisers increased its stake in shares of EP Energy Corporation by 0.6% in the 2nd quarter. Rhumbline Advisers now owns 58,536 shares of the energy producer’s stock valued at $214,000 after purchasing an additional 375 shares during the last quarter. Ronald Blue & Co. LLC boosted its holdings in shares of EP Energy Corporation by 4.8% during the 1st quarter. Ronald Blue & Co. LLC now owns 22,289 shares of the energy producer’s stock valued at $106,000 after acquiring an additional 1,024 shares in the last quarter. American International Group Inc. boosted its holdings in shares of EP Energy Corporation by 7.1% during the 1st quarter. American International Group Inc. now owns 23,840 shares of the energy producer’s stock valued at $113,000 after acquiring an additional 1,581 shares in the last quarter. Alliancebernstein L.P. boosted its holdings in shares of EP Energy Corporation by 1.2% during the 1st quarter. Alliancebernstein L.P. now owns 170,762 shares of the energy producer’s stock valued at $811,000 after acquiring an additional 2,100 shares in the last quarter. Finally, Public Employees Retirement System of Ohio boosted its holdings in shares of EP Energy Corporation by 7.5% during the 1st quarter. Public Employees Retirement System of Ohio now owns 53,428 shares of the energy producer’s stock valued at $254,000 after acquiring an additional 3,715 shares in the last quarter. Hedge funds and other institutional investors own 70.42% of the company’s stock.

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EP Energy Corporation (NYSE:EPE) opened at 3.05 on Tuesday. EP Energy Corporation has a one year low of $2.70 and a one year high of $7.49. The company’s market capitalization is $777.75 million. The company’s 50-day moving average is $3.10 and its 200 day moving average is $3.94.

EP Energy Corporation (NYSE:EPE) last announced its quarterly earnings results on Wednesday, August 2nd. The energy producer reported ($0.10) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.12) by $0.02. The company had revenue of $296.00 million for the quarter, compared to analyst estimates of $275.99 million. During the same quarter in the prior year, the business earned $0.21 earnings per share.

Several research analysts have commented on the company. Royal Bank Of Canada downgraded EP Energy Corporation from an “outperform” rating to a “sector perform” rating and cut their target price for the stock from $7.00 to $4.50 in a report on Thursday, July 20th. BidaskClub raised EP Energy Corporation from a “sell” rating to a “hold” rating in a research report on Monday, July 31st. Bank of America Corporation initiated coverage on EP Energy Corporation in a report on Wednesday, July 19th. They set an “underperform” rating and a $4.00 price objective for the company. Credit Suisse Group lowered EP Energy Corporation from a “neutral” rating to an “underperform” rating in a report on Thursday, June 1st. Finally, Scotiabank lowered EP Energy Corporation from a “sector perform” rating to an “underperform” rating and decreased their price objective for the stock from $4.00 to $3.00 in a report on Thursday, June 29th. Eight research analysts have rated the stock with a sell rating, eight have given a hold rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $4.31.

EP Energy Corporation Profile

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).

Institutional Ownership by Quarter for EP Energy Corporation (NYSE:EPE)

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