EP Energy Corp. (EPE) Sees Unusually-High Trading Volume
EP Energy Corp. (NYSE:EPE) saw unusually-high trading volume on Monday . Approximately 4,552,362 shares changed hands during mid-day trading, an increase of 31% from the previous session’s volume of 3,475,881 shares.The stock last traded at $4.45 and had previously closed at $4.00.
EPE has been the subject of a number of analyst reports. Vetr lowered EP Energy Corp. from a “strong-buy” rating to a “buy” rating and set a $5.33 price target for the company. in a research note on Tuesday, April 19th. Zacks Investment Research upgraded EP Energy Corp. from a “hold” rating to a “buy” rating and set a $6.50 price target for the company in a research note on Wednesday, May 11th. KLR Group upgraded EP Energy Corp. from an “accumulate” rating to a “buy” rating and cut their price target for the stock from $7.00 to $6.50 in a research note on Monday, July 18th. Topeka Capital Markets increased their price target on EP Energy Corp. from $3.00 to $6.00 and gave the stock a “hold” rating in a research note on Monday, May 9th. Finally, Deutsche Bank AG increased their price target on EP Energy Corp. from $6.00 to $7.00 and gave the stock a “hold” rating in a research note on Tuesday, June 14th. Eight research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and two have given a buy rating to the company’s stock. EP Energy Corp. has a consensus rating of “Hold” and a consensus price target of $5.13.
The stock has a 50 day moving average of $4.64 and a 200 day moving average of $4.51. The stock’s market capitalization is $1.11 billion.
EP Energy Corp. (NYSE:EPE) last released its earnings results on Wednesday, August 3rd. The company reported $0.21 EPS for the quarter, topping analysts’ consensus estimates of $0.17 by $0.04. During the same quarter in the previous year, the firm posted $0.17 EPS.
A hedge fund recently raised its stake in EP Energy Corp. stock. Morgan Stanley raised its stake in shares of EP Energy Corp. (NYSE:EPE) by 15.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,112,600 shares of the company’s stock after buying an additional 277,823 shares during the period. Morgan Stanley owned approximately 0.85% of EP Energy Corp. worth $9,253,000 as of its most recent filing with the SEC.
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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