EP Energy Corp. (EPE) Rating Lowered to Sell at Zacks Investment Research
EP Energy Corp. (NYSE:EPE) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued to investors on Monday.
According to Zacks, “EP Energy Corporation is involved in the acquisition and development of unconventional onshore oil and natural gas. The company’s assets consist of the Eagle Ford Shale in South Texas, the Wolfcamp Shale in Permian Basin in West Texas, the Altamont field in the Uinta Basin in Utah and the Haynesville Shale in North Louisiana. EP Energy Corporation is based in Houston, United States. “
Other analysts have also recently issued reports about the stock. Jefferies Group restated an “underperform” rating and set a $3.00 price target (up from $2.50) on shares of EP Energy Corp. in a research note on Monday, July 18th. Citigroup Inc. reaffirmed a “neutral” rating and set a $5.00 target price (down previously from $6.50) on shares of EP Energy Corp. in a report on Monday, July 18th. KLR Group raised 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. Northland Securities raised shares of EP Energy Corp. from an “under perform” rating to a “market perform” rating in a report on Friday, August 5th. Finally, FBR & Co reaffirmed a “marketperform” rating on shares of EP Energy Corp. in a report on Monday, September 12th. Seven analysts have rated the stock with a sell rating, thirteen have issued a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. EP Energy Corp. presently has an average rating of “Hold” and an average price target of $4.76.
EP Energy Corp. (NYSE:EPE) opened at 4.19 on Monday. The stock’s 50 day moving average is $4.09 and its 200-day moving average is $4.64. The firm’s market cap is $1.06 billion. EP Energy Corp. has a one year low of $1.60 and a one year high of $7.44.
EP Energy Corp. (NYSE:EPE) last announced its quarterly earnings results on Wednesday, August 3rd. The company reported $0.21 EPS for the quarter, beating the Zacks’ consensus estimate of $0.17 by $0.04. During the same quarter in the previous year, the firm earned $0.17 EPS.
Several large investors have recently made changes to their positions in the stock. Ronald Blue & Co. LLC purchased a new stake in shares of EP Energy Corp. during the third quarter worth approximately $103,000. BlackRock Advisors LLC increased its position in EP Energy Corp. by 18.7% in the second quarter. BlackRock Advisors LLC now owns 21,970 shares of the company’s stock worth $114,000 after buying an additional 3,455 shares during the period. American International Group Inc. increased its position in EP Energy Corp. by 1,611.4% in the second quarter. American International Group Inc. now owns 22,283 shares of the company’s stock worth $115,000 after buying an additional 20,981 shares during the period. BlackRock Group LTD increased its position in EP Energy Corp. by 2,384.7% in the second quarter. BlackRock Group LTD now owns 29,419 shares of the company’s stock worth $152,000 after buying an additional 28,235 shares during the period. Finally, Metropolitan Life Insurance Co. NY increased its position in EP Energy Corp. by 3,199.0% in the second quarter. Metropolitan Life Insurance Co. NY now owns 32,693 shares of the company’s stock worth $169,000 after buying an additional 31,702 shares during the period. 73.23% of the stock is currently owned by institutional investors.
About EP Energy Corp.
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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