EP Energy Corp. (EPE) Stock Price Up 7.5%
EP Energy Corp. (NYSE:EPE) rose 7.5% on Friday . The company traded as high as $4.16 and last traded at $4.16, with a volume of 2,903,513 shares traded. The stock had previously closed at $3.87.
EPE has been the topic of a number of analyst reports. Topeka Capital Markets upped their target price on shares of EP Energy Corp. from $3.00 to $6.00 and gave the stock a “hold” rating in a report on Monday, May 9th. Wolfe Research lowered shares of EP Energy Corp. from a “peer perform” rating to an “underperform” rating in a report on Tuesday, May 10th. Zacks Investment Research lowered shares of EP Energy Corp. from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 7th. Citigroup Inc. reiterated a “hold” rating and issued a $4.50 price objective (up previously from $3.00) on shares of EP Energy Corp. in a research note on Thursday, April 7th. Finally, KLR Group upgraded shares of EP Energy Corp. from an “accumulate” rating to a “buy” rating and decreased their price objective for the company from $7.00 to $6.50 in a research note on Monday, July 18th. Eight investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and two have issued a buy rating to the company’s stock. EP Energy Corp. has a consensus rating of “Hold” and a consensus target price of $5.24.
The company’s 50-day moving average is $4.93 and its 200 day moving average is $4.44. The stock’s market capitalization is $1.05 billion.
EP Energy Corp. (NYSE:EPE) last issued its earnings results on Wednesday, May 4th. The company reported $0.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.01 by $0.18. During the same quarter in the previous year, the firm earned $0.13 earnings per share.
Other hedge funds and institutional investors recently added to or reduced their stakes in the company. Sei Investments Co. bought a new position in EP Energy Corp. during the fourth quarter valued at $1,663,000. First Trust Advisors LP boosted its position in EP Energy Corp. by 76.6% in the fourth quarter. First Trust Advisors LP now owns 1,179,331 shares of the company’s stock valued at $5,165,000 after buying an additional 511,528 shares during the last quarter. GSA Capital Partners LLP boosted its position in EP Energy Corp. by 24.6% in the fourth quarter. GSA Capital Partners LLP now owns 305,933 shares of the company’s stock valued at $1,340,000 after buying an additional 60,494 shares during the last quarter. Finally, Morgan Stanley boosted its position in EP Energy Corp. by 15.1% in the fourth quarter. Morgan Stanley now owns 2,112,600 shares of the company’s stock valued at $9,253,000 after buying an additional 277,823 shares during the last quarter.
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).
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.