EP Energy Corp. (EPE) Shares Up 3.7%
EP Energy Corp. (NYSE:EPE) shares shot up 3.7% on Wednesday . The company traded as high as $4.80 and last traded at $4.80, with a volume of 1,862,403 shares changing hands. The stock had previously closed at $4.63.
A number of brokerages recently weighed in on EPE. Credit Suisse Group AG downgraded EP Energy Corp. from an “outperform” rating to a “neutral” rating and set a $4.00 price objective on the stock. in a research note on Tuesday, March 8th. JPMorgan Chase & Co. lowered EP Energy Corp. from an “overweight” rating to a “neutral” rating in a report on Friday, April 15th. Deutsche Bank AG reaffirmed a “hold” rating and issued a $7.00 target price (up previously from $3.00) on shares of EP Energy Corp. in a report on Wednesday, March 23rd. Vetr raised EP Energy Corp. from a “buy” rating to a “strong-buy” rating and set a $5.33 target price on the stock in a report on Wednesday, April 13th. Finally, Bank of America Corp. reaffirmed a “sell” rating on shares of EP Energy Corp. in a report on Friday, May 6th. Seven investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and two have given a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $5.70.
The firm has a 50 day moving average price of $5.55 and a 200-day moving average price of $4.45. The stock’s market capitalization is $1.22 billion.
EP Energy Corp. (NYSE:EPE) last issued its earnings results on Wednesday, May 4th. The company reported $0.19 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.01 by $0.18. During the same period last year, the company posted $0.13 earnings per share.
Other large investors have modified their holdings of the company. Morgan Stanley increased its stake in shares of EP Energy Corp. by 15.1% in the fourth quarter. Morgan Stanley now owns 2,112,600 shares of the company’s stock worth $9,253,000 after buying an additional 277,823 shares in the last quarter. First Trust Advisors LP increased its stake in shares of EP Energy Corp. by 76.6% in the fourth quarter. First Trust Advisors LP now owns 1,179,331 shares of the company’s stock worth $5,165,000 after buying an additional 511,528 shares in the last quarter. Sei Investments Co. acquired a new stake in shares of EP Energy Corp. during the fourth quarter worth $1,663,000. Finally, GSA Capital Partners LLP increased its stake in shares of EP Energy Corp. by 24.6% in the fourth quarter. GSA Capital Partners LLP now owns 305,933 shares of the company’s stock worth $1,340,000 after buying an additional 60,494 shares in the last quarter.
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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