EP Energy Corporation (NYSE:EPE) shares were down 5.6% during mid-day trading on Friday . The stock traded as low as $2.80 and last traded at $2.84. Approximately 513,629 shares changed hands during trading, a decline of 22% from the average daily volume of 657,450 shares. The stock had previously closed at $3.01.

Several research analysts have issued reports on EPE shares. Royal Bank Of Canada lowered EP Energy Corporation from an “outperform” rating to a “sector perform” rating and dropped their target price for the company from $7.00 to $4.50 in a research report on Thursday, July 20th. BidaskClub upgraded EP Energy Corporation from a “sell” rating to a “hold” rating in a research report on Monday, July 31st. Bank of America Corporation started coverage on EP Energy Corporation in a research report on Wednesday, July 19th. They set an “underperform” rating and a $4.00 target price for the company. Credit Suisse Group lowered EP Energy Corporation from a “neutral” rating to an “underperform” rating in a research report on Thursday, June 1st. Finally, Scotiabank lowered EP Energy Corporation from a “sector perform” rating to an “underperform” rating and dropped their target price for the company from $4.00 to $3.00 in a research report on Thursday, June 29th. Nine analysts have rated the stock with a sell rating, seven have issued a hold rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $4.31.

The company’s market capitalization is $724.20 million. The firm’s 50 day moving average is $3.22 and its 200-day moving average is $4.04.

EP Energy Corporation (NYSE:EPE) last released its earnings results on Wednesday, August 2nd. The energy producer reported ($0.10) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.12) by $0.02. The business had revenue of $296 million for the quarter, compared to analyst estimates of $275.99 million. During the same quarter last year, the company earned $0.21 earnings per share.

A number of institutional investors have recently added to or reduced their stakes in EPE. King Street Capital Management L.P. lifted its holdings in EP Energy Corporation by 33.3% during the 1st quarter. King Street Capital Management L.P. now owns 4,000,000 shares of the energy producer’s stock worth $19,000,000 after buying an additional 1,000,000 shares in the last quarter. OppenheimerFunds Inc. acquired a new stake in EP Energy Corporation during the 1st quarter worth approximately $3,349,000. Paloma Partners Management Co lifted its holdings in EP Energy Corporation by 1,930.1% during the 1st quarter. Paloma Partners Management Co now owns 696,510 shares of the energy producer’s stock worth $3,309,000 after buying an additional 662,201 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in EP Energy Corporation by 8.1% during the 1st quarter. JPMorgan Chase & Co. now owns 5,260,473 shares of the energy producer’s stock worth $24,988,000 after buying an additional 394,669 shares in the last quarter. Finally, Columbia Pacific Advisors LLC lifted its holdings in EP Energy Corporation by 41.7% during the 1st quarter. Columbia Pacific Advisors LLC now owns 1,259,086 shares of the energy producer’s stock worth $5,981,000 after buying an additional 370,233 shares in the last quarter. Institutional investors own 70.42% of the company’s stock.

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EP Energy Corporation Company Profile

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 base of producing assets. It is involved in the development of its drilling inventory located in three areas: the Eagle Ford Shale (South Texas), the Wolfcamp Shale (Permian Basin in West Texas) and the Altamont Field in the Uinta Basin (Northeastern Utah).

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