EP Energy Corp. (EPE) Stock Price Down 4.1%
Shares of EP Energy Corp. (NYSE:EPE) dropped 4.1% during trading on Thursday . The company traded as low as $4.59 and last traded at $4.64, with a volume of 1,705,867 shares traded. The stock had previously closed at $4.84.
EPE has been the topic of a number of analyst reports. Topeka Capital Markets boosted their price target on EP Energy Corp. from $3.00 to $6.00 and gave the stock a “hold” rating in a research report on Monday, May 9th. Wolfe Research cut EP Energy Corp. from a “peer perform” rating to an “underperform” rating in a research report on Tuesday, May 10th. Zacks Investment Research cut EP Energy Corp. from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, June 7th. Citigroup Inc. reissued a “hold” rating and issued a $4.50 price target (up from $3.00) on shares of EP Energy Corp. in a research report on Thursday, April 7th. Finally, SunTrust Banks Inc. boosted their price target on EP Energy Corp. from $2.00 to $5.00 and gave the stock a “neutral” rating in a research report on Thursday, May 19th. Seven analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and two have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $5.70.
The company has a 50 day moving average of $5.55 and a 200-day moving average of $4.45. The company’s market capitalization is $1.13 billion.
EP Energy Corp. (NYSE:EPE) last announced its earnings results on Wednesday, May 4th. The company reported $0.19 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.01 by $0.18. During the same quarter last year, the company earned $0.13 earnings per share.
A number of large investors have recently made changes to their positions in the stock. Sei Investments Co. purchased a new stake in shares of EP Energy Corp. during the fourth quarter valued at $1,663,000. 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 valued at $5,165,000 after buying an additional 511,528 shares during the period. 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 valued at $1,340,000 after buying an additional 60,494 shares during the period. Finally, 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 valued at $9,253,000 after buying an additional 277,823 shares during the period.
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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