EP Energy Corporation (EPE) Shares Down 2.6%
EP Energy Corporation (NYSE:EPE) shares were down 2.6% during mid-day trading on Tuesday . The stock traded as low as $2.36 and last traded at $2.66. Approximately 277,400 shares were traded during trading, a decline of 73% from the average daily volume of 1,033,984 shares. The stock had previously closed at $2.73.
Several research analysts have issued reports on EPE shares. Tudor Pickering lowered shares of EP Energy Corporation from a “buy” rating to a “sell” rating in a report on Tuesday, September 5th. Zacks Investment Research upgraded shares of EP Energy Corporation from a “hold” rating to a “buy” rating and set a $3.50 price objective for the company in a research note on Monday, October 9th. Stifel Nicolaus set a $3.00 price target on shares of EP Energy Corporation and gave the company a “hold” rating in a research note on Thursday, October 5th. ValuEngine lowered shares of EP Energy Corporation from a “hold” rating to a “sell” rating in a research note on Monday, October 2nd. Finally, Royal Bank Of Canada set a $5.00 price target on shares of EP Energy Corporation and gave the company a “hold” rating in a research note on Thursday, August 24th. Nine analysts have rated the stock with a sell rating and seven have given a hold rating to the company. The stock presently has an average rating of “Sell” and an average price target of $3.68.
The company has a debt-to-equity ratio of 8.01, a quick ratio of 0.65 and a current ratio of 0.69.
EP Energy Corporation (NYSE:EPE) last issued its earnings results on Wednesday, November 1st. The energy producer reported ($0.12) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.13) by $0.01. The business had revenue of $219.00 million during the quarter, compared to analyst estimates of $264.90 million. EP Energy Corporation had a negative return on equity of 8.50% and a negative net margin of 25.44%. During the same quarter in the prior year, the firm earned $0.10 earnings per share. sell-side analysts expect that EP Energy Corporation will post -0.45 earnings per share for the current fiscal year.
A number of hedge funds have recently made changes to their positions in the stock. Rhumbline Advisers increased its holdings in shares of EP Energy Corporation by 0.6% during the second quarter. Rhumbline Advisers now owns 58,536 shares of the energy producer’s stock valued at $214,000 after acquiring an additional 375 shares in the last quarter. American International Group Inc. raised its stake in EP Energy Corporation by 7.1% during the 1st quarter. American International Group Inc. now owns 23,840 shares of the energy producer’s stock valued at $113,000 after purchasing an additional 1,581 shares during the period. Alliancebernstein L.P. raised its stake in EP Energy Corporation by 1.2% during the 1st quarter. Alliancebernstein L.P. now owns 170,762 shares of the energy producer’s stock valued at $811,000 after purchasing an additional 2,100 shares during the period. Dimensional Fund Advisors LP raised its stake in EP Energy Corporation by 0.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 809,282 shares of the energy producer’s stock valued at $2,962,000 after purchasing an additional 2,919 shares during the period. Finally, Wells Fargo & Company MN increased its stake in EP Energy Corporation by 11.7% in the 2nd quarter. Wells Fargo & Company MN now owns 28,848 shares of the energy producer’s stock worth $106,000 after acquiring an additional 3,028 shares during the last quarter. 70.14% of the stock is owned by institutional investors.
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About EP Energy Corporation
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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