EP Energy Corp. (NYSE:EPE) dropped 3.6% during mid-day trading on Tuesday . The company traded as low as $4.20 and last traded at $4.25, with a volume of 1,991,789 shares. The stock had previously closed at $4.41.

EPE has been the subject of a number of research reports. Jefferies Group reaffirmed an “underperform” rating and set a $3.00 target price (up previously from $2.50) on shares of EP Energy Corp. in a report on Monday, July 18th. Zacks Investment Research raised shares of EP Energy Corp. from a “hold” rating to a “buy” rating and set a $4.25 target price for the company in a report on Wednesday, August 3rd. Vetr lowered shares of EP Energy Corp. from a “strong-buy” rating to a “buy” rating and set a $5.33 target price for the company. in a report on Tuesday, April 19th. Deutsche Bank AG upped their target price on shares of EP Energy Corp. from $6.00 to $7.00 and gave the stock a “hold” rating in a report on Tuesday, June 14th. Finally, 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. Eight equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and two have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $5.13.

The firm’s market cap is $1.04 billion. The stock has a 50 day moving average of $4.50 and a 200 day moving average of $4.51.

EP Energy Corp. (NYSE:EPE) last posted its quarterly earnings data 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 period in the previous year, the firm posted $0.17 EPS.

A hedge fund recently raised its stake in EP Energy Corp. stock. Morgan Stanley increased its position in 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 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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