EP Energy Corp. (EPE) Trading 2.2% Higher
EP Energy Corp. (NYSE:EPE) traded up 2.2% during mid-day trading on Friday . The company traded as high as $4.37 and last traded at $4.20, with a volume of 1,814,198 shares changing hands. The stock had previously closed at $4.11.
A number of equities research analysts have recently issued reports on the stock. Zacks Investment Research raised shares of EP Energy Corp. from a “hold” rating to a “buy” rating and set a $6.50 price objective for the company in a research note on Wednesday, May 11th. Bank of America Corp. reaffirmed a “sell” rating on shares of EP Energy Corp. in a research note on Friday, May 6th. Vetr raised shares of EP Energy Corp. from a “buy” rating to a “strong-buy” rating and set a $5.33 price objective for the company in a research note on Monday, May 2nd. Deutsche Bank AG upped their price objective on shares of EP Energy Corp. from $6.00 to $7.00 and gave the company a “hold” rating in a research note on Tuesday, June 14th. Finally, Jefferies Group reaffirmed an “underperform” rating and issued a $3.00 price objective (up previously from $2.50) on shares of EP Energy Corp. in a research note on Monday, July 18th. Seven research analysts have rated the stock with a sell rating, thirteen have given a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $4.74.
The firm has a 50 day moving average price of $4.18 and a 200-day moving average price of $4.57. The firm’s market cap is $1.08 billion.
EP Energy Corp. (NYSE:EPE) last posted its earnings results on Wednesday, August 3rd. The company reported $0.21 earnings per share for the quarter, beating analysts’ consensus estimates of $0.17 by $0.04. During the same quarter in the previous year, the business earned $0.17 earnings per share.
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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