EP Energy Corp. (EPE) Shares Down 1.9%
EP Energy Corp. (NYSE:EPE) dropped 1.9% on Friday . The stock traded as low as $3.97 and last traded at $4.04, with a volume of 1,332,998 shares traded. The stock had previously closed at $4.12.
EPE has been the subject of several research reports. Vetr cut shares of EP Energy Corp. from a “strong-buy” rating to a “buy” rating and set a $5.33 price target for the company. in a research report on Tuesday, April 19th. Zacks Investment Research raised shares of EP Energy Corp. from a “hold” rating to a “buy” rating and set a $6.50 price target for the company in a research report on Wednesday, May 11th. KLR Group raised shares of EP Energy Corp. from an “accumulate” rating to a “buy” rating and lowered their price target for the stock from $7.00 to $6.50 in a research report on Monday, July 18th. Citigroup Inc. reissued a “hold” rating and set a $4.50 target price (up previously from $3.00) on shares of EP Energy Corp. in a research report on Thursday, April 7th. Finally, Topeka Capital Markets increased their target price on shares of EP Energy Corp. from $3.00 to $6.00 and gave the company a “hold” rating in a research report on Monday, May 9th. Eight analysts have rated the stock with a sell rating, eleven have given a hold rating and three have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $5.24.
The firm has a 50 day moving average price of $5.18 and a 200-day moving average price of $4.43. The firm’s market cap is $1.03 billion.
EP Energy Corp. (NYSE:EPE) last released its quarterly earnings results 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 in the previous year, the company posted $0.13 earnings per share.
Other hedge funds have added to or reduced their stakes in the company. GSA Capital Partners LLP increased 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 valued at $1,340,000 after buying an additional 60,494 shares during the period. Morgan Stanley increased 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 valued at $9,253,000 after buying an additional 277,823 shares during the period. Sei Investments Co. acquired a new stake in EP Energy Corp. during the fourth quarter valued at approximately $1,663,000. Finally, First Trust Advisors LP increased 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 valued at $5,165,000 after buying an additional 511,528 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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