EP Energy Corp. (EPE) Trading 2.7% Higher
EP Energy Corp. (NYSE:EPE) shares traded up 2.7% on Thursday . The company traded as high as $4.70 and last traded at $4.62, with a volume of 1,752,091 shares trading hands. The stock had previously closed at $4.50.
A number of research analysts have recently weighed in on the company. JPMorgan Chase & Co. reaffirmed a “hold” rating on shares of EP Energy Corp. in a research report on Monday, August 15th. Zacks Investment Research cut EP Energy Corp. from a “buy” rating to a “hold” rating in a research report on Friday, August 5th. Northland Securities raised EP Energy Corp. from an “under perform” rating to a “market perform” rating in a research report on Friday, August 5th. Citigroup Inc. reaffirmed a “neutral” rating and set a $5.00 price objective (down from $6.50) on shares of EP Energy Corp. in a research report on Monday, July 18th. Finally, Jefferies Group reaffirmed an “underperform” rating and set a $3.00 price objective (up from $2.50) on shares of EP Energy Corp. in a research report on Monday, July 18th. Eight research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and two have given a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $4.67.
The company’s market cap is $1.13 billion. The firm’s 50-day moving average is $4.23 and its 200-day moving average is $4.55.
EP Energy Corp. (NYSE:EPE) last posted its earnings results on Wednesday, August 3rd. The company reported $0.21 EPS for the quarter, topping the consensus estimate of $0.17 by $0.04. During the same period last year, the business earned $0.17 EPS.
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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