EP Energy (NYSE:EPE) had its price objective reduced by Bank of America from $3.00 to $2.00 in a report released on Thursday morning. Bank of America currently has an underperform rating on the energy producer’s stock.
A number of other equities analysts have also recently commented on the stock. ValuEngine cut shares of EP Energy from a hold rating to a sell rating in a research note on Wednesday, March 7th. Deutsche Bank started coverage on shares of EP Energy in a report on Thursday, February 1st. They issued a hold rating and a $2.50 target price for the company. Stifel Nicolaus set a $3.00 target price on shares of EP Energy and gave the stock a hold rating in a report on Tuesday, January 30th. Zacks Investment Research lowered shares of EP Energy from a buy rating to a hold rating in a report on Monday, January 22nd. Finally, Robert W. Baird raised their target price on shares of EP Energy from $2.00 to $5.00 and gave the stock an outperform rating in a report on Tuesday, January 2nd. Eight analysts have rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the company’s stock. EP Energy currently has a consensus rating of Hold and a consensus target price of $3.02.
EP Energy (EPE) opened at $1.69 on Thursday. EP Energy has a 52 week low of $1.50 and a 52 week high of $5.27. The company has a market cap of $425.28, a price-to-earnings ratio of -2.17 and a beta of 3.96. The company has a quick ratio of 0.65, a current ratio of 1.04 and a debt-to-equity ratio of 10.26.
Institutional investors have recently added to or reduced their stakes in the company. Wells Fargo & Company MN lifted its holdings in EP Energy by 11.7% during the 2nd quarter. Wells Fargo & Company MN now owns 28,848 shares of the energy producer’s stock valued at $106,000 after buying an additional 3,028 shares in the last quarter. SG Americas Securities LLC bought a new stake in EP Energy during the 3rd quarter valued at about $160,000. Deutsche Bank AG lifted its holdings in EP Energy by 181.4% during the 4th quarter. Deutsche Bank AG now owns 107,821 shares of the energy producer’s stock valued at $254,000 after buying an additional 69,509 shares in the last quarter. Millennium Management LLC lifted its holdings in EP Energy by 162.3% during the 4th quarter. Millennium Management LLC now owns 118,026 shares of the energy producer’s stock valued at $279,000 after buying an additional 73,026 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. lifted its holdings in EP Energy by 207.8% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 186,220 shares of the energy producer’s stock valued at $440,000 after buying an additional 125,720 shares in the last quarter. Hedge funds and other institutional investors own 68.84% of the company’s stock.
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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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