EP Energy Corp. (EPE) Trading Up 4.2%
Shares of EP Energy Corp. (NYSE:EPE) were up 4.2% during trading on Friday . The stock traded as high as $4.30 and last traded at $4.25, with a volume of 1,313,559 shares changing hands. The stock had previously closed at $4.08.
Several analysts have commented on EPE shares. 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. Zacks Investment Research raised EP Energy Corp. from a “hold” rating to a “buy” rating and set a $4.25 price objective on the stock in a report on Wednesday, August 3rd. Deutsche Bank AG raised their price objective on EP Energy Corp. from $6.00 to $7.00 and gave the company a “hold” rating in a report on Tuesday, June 14th. Northland Securities raised EP Energy Corp. from an “under perform” rating to a “market perform” rating in a report on Friday, August 5th. Finally, Vetr raised EP Energy Corp. from a “hold” rating to a “strong-buy” rating and set a $5.84 price objective on the stock in a report on Monday, August 22nd. Seven 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 issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $4.74.
The stock’s market cap is $1.08 billion. The stock’s 50 day moving average is $4.15 and its 200-day moving average is $4.63.
EP Energy Corp. (NYSE:EPE) last released its quarterly earnings data on Wednesday, August 3rd. The company reported $0.21 earnings per share for the quarter, beating the consensus estimate of $0.17 by $0.04. During the same period in the previous year, the company 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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