EP Energy Corp. (EPE) Stock Price Up 7.5%
EP Energy Corp. (NYSE:EPE) rose 7.5% on Friday . The company traded as high as $4.16 and last traded at $4.16, with a volume of 2,903,513 shares changing hands. The stock had previously closed at $3.87.
EPE has been the subject of a number of research analyst reports. Citigroup Inc. reiterated a “hold” rating and issued a $4.50 price target (up from $3.00) on shares of EP Energy Corp. in a report on Thursday, April 7th. Vetr upgraded EP Energy Corp. from a “sell” rating to a “buy” rating and set a $4.33 price target for the company in a report on Thursday, April 7th. Deutsche Bank AG reiterated a “neutral” rating on shares of EP Energy Corp. in a report on Thursday, April 14th. JPMorgan Chase & Co. downgraded EP Energy Corp. from an “overweight” rating to a “neutral” rating in a report on Friday, April 15th. Finally, Bank of America Corp. reiterated a “sell” rating on shares of EP Energy Corp. in a report on Friday, May 6th. Eight investment analysts have rated the stock with a sell rating, twelve have given a hold rating and two have assigned a buy rating to the stock. The stock 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 $4.93 and a 200 day moving average price of $4.44. The company’s market cap is $1.05 billion.
EP Energy Corp. (NYSE:EPE) last issued its earnings results 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 period last year, the firm earned $0.13 earnings per share.
Several institutional investors recently modified their holdings of the company. Sei Investments Co. bought a new position in shares of EP Energy Corp. during the fourth quarter worth about $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 in the last quarter. 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 in 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 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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