EP Energy Corp. (EPE) Shares Down 4.7%
EP Energy Corp. (NYSE:EPE) dropped 4.7% during mid-day trading on Wednesday . The stock traded as low as $4.15 and last traded at $4.25, with a volume of 1,995,119 shares changing hands. The stock had previously closed at $4.46.
EPE has been the topic of several research reports. Topeka Capital Markets lifted their price target on shares of EP Energy Corp. from $3.00 to $6.00 and gave the company a “hold” rating in a report on Monday, May 9th. Wolfe Research lowered shares of EP Energy Corp. from a “peer perform” rating to an “underperform” rating in a report on Tuesday, May 10th. Zacks Investment Research lowered shares of EP Energy Corp. from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 7th. Citigroup Inc. reaffirmed a “hold” rating and set a $4.50 price target (up from $3.00) on shares of EP Energy Corp. in a report on Thursday, April 7th. Finally, SunTrust Banks Inc. lifted their price target on shares of EP Energy Corp. from $2.00 to $5.00 and gave the company a “neutral” rating in a report on Thursday, May 19th. Seven analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and two have assigned a buy rating to the company’s stock. EP Energy Corp. currently has a consensus rating of “Hold” and an average target price of $5.70.
The firm has a 50-day moving average of $5.46 and a 200-day moving average of $4.45. The firm’s market cap is $1.07 billion.
EP Energy Corp. (NYSE:EPE) last posted its quarterly earnings results on Wednesday, May 4th. The company reported $0.19 EPS for the quarter, topping the consensus estimate of $0.01 by $0.18. During the same quarter in the previous year, the company earned $0.13 EPS.
Several hedge funds and institutional investors have recently modified their holdings of EPE. GSA Capital Partners LLP boosted its position 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 in the last quarter. Sei Investments Co. purchased a new position in shares of EP Energy Corp. during the fourth quarter valued at about $1,663,000. First Trust Advisors LP boosted its position 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 in the last quarter. Finally, Morgan Stanley boosted its position 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 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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