EP Energy Corporation (EPE) Hits New 12-Month Low at $1.79

EP Energy Corporation (NYSE:EPE) reached a new 52-week low during trading on Monday . The stock traded as low as $1.79 and last traded at $1.90, with a volume of 669100 shares traded. The stock had previously closed at $2.02.

Several research firms have recently commented on EPE. Stifel Nicolaus set a $3.00 target price on shares of EP Energy and gave the stock a “hold” rating in a research report on Thursday, October 5th. BidaskClub raised shares of EP Energy from a “sell” rating to a “hold” rating in a research report on Monday, July 31st. Jefferies Group LLC restated an “underperform” rating and set a $1.00 price target on shares of EP Energy in a report on Tuesday, October 10th. Zacks Investment Research upgraded shares of EP Energy from a “hold” rating to a “buy” rating and set a $3.50 price target on the stock in a report on Monday, October 9th. Finally, ValuEngine cut shares of EP Energy from a “hold” rating to a “sell” rating in a report on Monday, October 2nd. Nine analysts have rated the stock with a sell rating and seven have issued a hold rating to the company. The company has an average rating of “Sell” and a consensus target price of $3.68.

The company has a debt-to-equity ratio of 8.01, a current ratio of 0.69 and a quick ratio of 0.65.

EP Energy (NYSE:EPE) last released its earnings results on Wednesday, November 1st. The energy producer reported ($0.12) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.13) by $0.01. The firm had revenue of $219.00 million for the quarter, compared to analysts’ expectations of $264.90 million. EP Energy had a negative net margin of 25.44% and a negative return on equity of 8.50%. During the same period in the previous year, the company earned $0.10 earnings per share. equities analysts forecast that EP Energy Corporation will post -0.46 EPS for the current year.

Several hedge funds and other institutional investors have recently bought and sold shares of EPE. American International Group Inc. raised its position in shares of EP Energy by 7.1% in the first quarter. American International Group Inc. now owns 23,840 shares of the energy producer’s stock valued at $113,000 after purchasing an additional 1,581 shares during the period. Alliancebernstein L.P. raised its position in shares of EP Energy by 1.2% in the first quarter. Alliancebernstein L.P. now owns 170,762 shares of the energy producer’s stock valued at $811,000 after purchasing an additional 2,100 shares during the period. KCG Holdings Inc. raised its position in shares of EP Energy by 24.4% in the first quarter. KCG Holdings Inc. now owns 44,036 shares of the energy producer’s stock valued at $209,000 after purchasing an additional 8,645 shares during the period. Bank of America Corp DE raised its position in shares of EP Energy by 62.2% in the first quarter. Bank of America Corp DE now owns 223,298 shares of the energy producer’s stock valued at $1,060,000 after purchasing an additional 85,614 shares during the period. Finally, Public Employees Retirement System of Ohio raised its position in shares of EP Energy by 7.5% in the first quarter. Public Employees Retirement System of Ohio now owns 53,428 shares of the energy producer’s stock valued at $254,000 after purchasing an additional 3,715 shares during the period. 69.50% of the stock is currently owned by institutional investors.

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About EP Energy

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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