Shares of EP Energy Corp. (NYSE:EPE) have been assigned a consensus rating of “Hold” from the twenty-four analysts that are presently covering the firm. Six research analysts have rated the stock with a sell recommendation, fourteen have given a hold recommendation, two have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $5.10.
EPE has been the subject of several recent research reports. KLR Group raised shares of EP Energy Corp. from an “accumulate” rating to a “buy” rating and dropped their price objective for the stock from $7.00 to $6.50 in a research report on Monday, July 18th. Zacks Investment Research upgraded shares of EP Energy Corp. from a “hold” rating to a “buy” rating and set a $6.25 target price for the company in a research note on Tuesday, June 28th. Deutsche Bank AG upped their target price on shares of EP Energy Corp. from $6.00 to $7.00 and gave the company a “hold” rating in a research note on Tuesday, June 14th. JPMorgan Chase & Co. restated a “hold” rating on shares of EP Energy Corp. in a research note on Monday, August 15th. Finally, Northland Securities upgraded shares of EP Energy Corp. from an “under perform” rating to a “market perform” rating in a research note on Friday, August 5th.
EP Energy Corp. (NYSE:EPE) opened at 4.16 on Wednesday. The firm has a 50-day moving average of $4.13 and a 200-day moving average of $4.69. EP Energy Corp. has a 1-year low of $1.60 and a 1-year high of $7.55. The firm’s market capitalization is $1.05 billion.
EP Energy Corp. (NYSE:EPE) last released its quarterly earnings data on Wednesday, August 3rd. The company reported $0.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.17 by $0.04. During the same quarter last year, the business posted $0.17 earnings per share.
Several hedge funds have recently added to or reduced their stakes in EPE. California State Teachers Retirement System boosted its stake in EP Energy Corp. by 8.1% in the second quarter. California State Teachers Retirement System now owns 81,167 shares of the company’s stock worth $420,000 after buying an additional 6,054 shares during the period. Bank of New York Mellon Corp boosted its position in EP Energy Corp. by 6.8% in the second quarter. Bank of New York Mellon Corp now owns 1,872,270 shares of the company’s stock valued at $9,698,000 after buying an additional 119,927 shares during the last quarter. Lucus Advisors LLC bought a new position in EP Energy Corp. during the second quarter valued at approximately $307,000. CIBC World Markets Inc. bought a new position in EP Energy Corp. during the second quarter valued at approximately $195,000. Finally, First Quadrant L P CA bought a new position in EP Energy Corp. during the second quarter valued at approximately $843,000. 73.23% of the stock is currently owned by institutional investors and hedge funds.
About EP Energy Corp.
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 diverse base of producing assets and are focused on creating value through the development of its drilling inventory located in four areas: the Eagle Ford Shale (South Texas), the Wolfcamp Shale (Permian Basin in West Texas), the Altamont Field in the Uinta Basin (Northeastern Utah) and the Haynesville Shale (North Louisiana).
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