EP Energy Corp. (EPE) Trading 5.3% Higher
Shares of EP Energy Corp. (NYSE:EPE) traded up 5.3% during trading on Thursday . The stock traded as high as $4.23 and last traded at $4.19, with a volume of 1,797,680 shares. The stock had previously closed at $3.98.
Several analysts recently commented on the company. Zacks Investment Research lowered EP Energy Corp. from a “buy” rating to a “hold” rating in a report on Friday, August 5th. Northland Securities raised EP Energy Corp. from an “under perform” rating to a “market perform” rating in a report on Friday, August 5th. Citigroup Inc. reissued a “neutral” rating and issued a $5.00 price objective (down from $6.50) on shares of EP Energy Corp. in a report on Monday, July 18th. Jefferies Group reissued an “underperform” rating and issued a $3.00 price objective (up from $2.50) on shares of EP Energy Corp. in a report on Monday, July 18th. Finally, KLR Group raised EP Energy Corp. from an “accumulate” rating to a “buy” rating and dropped their price objective for the company from $7.00 to $6.50 in a report on Monday, July 18th. Eight investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and two have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $5.13.
The company’s 50 day moving average price is $4.50 and its 200-day moving average price is $4.51. The firm’s market cap is $1.04 billion.
EP Energy Corp. (NYSE:EPE) last released its quarterly earnings results on Wednesday, August 3rd. The company reported $0.21 earnings per share for the quarter, topping analysts’ consensus estimates of $0.17 by $0.04. During the same period last year, the firm posted $0.17 earnings per share.
A hedge fund recently raised its stake in EP Energy Corp. stock. GSA Capital Partners LLP boosted its position in EP Energy Corp. (NYSE:EPE) by 24.6% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 305,933 shares of the company’s stock after buying an additional 60,494 shares during the period. GSA Capital Partners LLP owned approximately 0.12% of EP Energy Corp. worth $1,340,000 as of its most recent filing with the SEC.
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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