EP Energy Corp. (EPE) Shares Down 1.9%
Shares of EP Energy Corp. (NYSE:EPE) traded down 1.9% during mid-day trading on Friday . The stock traded as low as $3.97 and last traded at $4.04, with a volume of 1,332,998 shares changing hands. The stock had previously closed at $4.12.
Several analysts have issued reports on the company. Citigroup Inc. reissued a “neutral” rating and issued a $5.00 price target (down previously from $6.50) on shares of EP Energy Corp. in a research note on Monday. Jefferies Group reissued an “underperform” rating and issued a $3.00 price target (up previously from $2.50) on shares of EP Energy Corp. in a research note on Monday. KLR Group raised EP Energy Corp. from an “accumulate” rating to a “buy” rating and dropped their price target for the company from $7.00 to $6.50 in a research note on Monday. Zacks Investment Research raised EP Energy Corp. from a “hold” rating to a “buy” rating and set a $6.25 price target on the stock in a research note on Tuesday, June 28th. Finally, Deutsche Bank AG lifted their price target on EP Energy Corp. from $6.00 to $7.00 and gave the company a “hold” rating in a research note on Tuesday, June 14th. Eight equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and three have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $5.24.
The stock has a 50 day moving average price of $5.22 and a 200 day moving average price of $4.44. The stock’s market capitalization is $1.03 billion.
EP Energy Corp. (NYSE:EPE) last released its quarterly earnings data on Wednesday, May 4th. The company reported $0.19 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.01 by $0.18. During the same quarter in the prior year, the firm posted $0.13 EPS.
Other institutional investors recently added to or reduced their stakes in the company. Sei Investments Co. bought a new position in EP Energy Corp. during the fourth quarter worth about $1,663,000. First Trust Advisors LP boosted its position 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 period. GSA Capital Partners LLP boosted its position 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 period. Finally, Morgan Stanley boosted its position 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 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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