EP Energy Corp. (EPE) Stock Price Down 8.9%
EP Energy Corp. (NYSE:EPE)’s share price traded down 8.9% during mid-day trading on Monday . The stock traded as low as $3.75 and last traded at $3.80, with a volume of 1,835,527 shares traded. The stock had previously closed at $4.17.
Several equities analysts have recently issued reports on the stock. Zacks Investment Research cut shares of EP Energy Corp. from a “buy” rating to a “hold” rating in a research note on Friday. Citigroup Inc. reiterated a “neutral” rating and issued a $5.00 target price (down from $6.50) on shares of EP Energy Corp. in a report on Monday, July 18th. Jefferies Group reiterated an “underperform” rating and issued a $3.00 target price (up from $2.50) on shares of EP Energy Corp. in a report on Monday, July 18th. KLR Group upgraded shares of EP Energy Corp. from an “accumulate” rating to a “buy” rating and decreased their target price for the stock from $7.00 to $6.50 in a report on Monday, July 18th. Finally, Deutsche Bank AG raised their target price on shares of EP Energy Corp. from $6.00 to $7.00 and gave the stock a “hold” rating in a report on Tuesday, June 14th. Eight analysts have rated the stock with a sell rating, twelve have assigned a hold rating and two have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $5.24.
The company’s 50-day moving average price is $4.93 and its 200-day moving average price is $4.44. The stock’s market cap is $926.30 million.
EP Energy Corp. (NYSE:EPE) last announced its quarterly earnings results on Wednesday, May 4th. The company reported $0.19 EPS for the quarter, beating analysts’ consensus estimates of $0.01 by $0.18. During the same period in the prior year, the firm earned $0.13 earnings per share.
Several institutional investors have modified their holdings of EPE. Sei Investments Co. acquired a new position in shares of EP Energy Corp. during the fourth quarter valued at about $1,663,000. First Trust Advisors LP raised 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. GSA Capital Partners LLP raised 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. Finally, Morgan Stanley raised 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).
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.