EP Energy Corp. (EPE) Trading Down 4.5%
EP Energy Corp. (NYSE:EPE)’s share price dropped 4.5% during trading on Monday . The stock traded as low as $4.16 and last traded at $4.27, with a volume of 1,308,501 shares changing hands. The stock had previously closed at $4.47.
EPE has been the topic of several recent research reports. Topeka Capital Markets increased their price objective on EP Energy Corp. from $3.00 to $6.00 and gave the company a “hold” rating in a research report on Monday, May 9th. Wolfe Research lowered EP Energy Corp. from a “peer perform” rating to an “underperform” rating in a research report on Tuesday, May 10th. Zacks Investment Research lowered EP Energy Corp. from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, June 7th. Northland Securities upgraded EP Energy Corp. from an “under perform” rating to a “market perform” rating in a research report on Friday, August 5th. Finally, KLR Group upgraded EP Energy Corp. from an “accumulate” rating to a “buy” rating and reduced their price objective for the company from $7.00 to $6.50 in a research report on Monday, July 18th. Seven equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating, two have given a buy rating and one has given a strong buy rating to the company’s stock. EP Energy Corp. has a consensus rating of “Hold” and a consensus target price of $4.74.
The stock’s market capitalization is $1.09 billion. The stock has a 50-day moving average of $4.23 and a 200 day moving average of $4.55.
EP Energy Corp. (NYSE:EPE) last issued its quarterly earnings data on Wednesday, August 3rd. The company reported $0.21 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.17 by $0.04. During the same period in the prior year, the firm earned $0.17 EPS.
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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