EP Energy Corp. (EPE) Trading 9% Higher
EP Energy Corp. (NYSE:EPE) traded up 9% on Tuesday . The stock traded as high as $4.67 and last traded at $4.62, with a volume of 2,445,794 shares changing hands. The stock had previously closed at $4.24.
A number of research firms recently commented on EPE. JPMorgan Chase & Co. lowered EP Energy Corp. from an “overweight” rating to a “neutral” rating in a research report on Friday, April 15th. Deutsche Bank AG restated a “hold” rating and set a $7.00 price target (up from $3.00) on shares of EP Energy Corp. in a research report on Wednesday, March 23rd. Vetr upgraded EP Energy Corp. from a “buy” rating to a “strong-buy” rating and set a $5.33 price target on the stock in a research report on Wednesday, April 13th. Bank of America Corp. restated a “sell” rating on shares of EP Energy Corp. in a research report on Friday, May 6th. Finally, Northland Securities increased their price target on EP Energy Corp. from $2.00 to $2.50 and gave the stock a “nder” rating in a research report on Tuesday, March 22nd. Seven analysts have rated the stock with a sell rating, thirteen have issued a hold rating and two have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $5.70.
The company has a 50 day moving average of $5.48 and a 200 day moving average of $4.45. The firm’s market cap is $1.13 billion.
EP Energy Corp. (NYSE:EPE) last announced its quarterly earnings data on Wednesday, May 4th. The company reported $0.19 EPS for the quarter, beating the consensus estimate of $0.01 by $0.18. During the same quarter last year, the company earned $0.13 EPS.
Several hedge funds recently bought and sold shares of EPE. GSA Capital Partners LLP boosted its stake in 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 during the last quarter. Sei Investments Co. bought a new stake in EP Energy Corp. during the fourth quarter worth $1,663,000. First Trust Advisors LP boosted its stake in 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 during the last quarter. Finally, Morgan Stanley boosted its stake in 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 during 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).
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.