EP Energy (EPE) Trading Up 9.3%
EP Energy Corp (NYSE:EPE)’s share price was up 9.3% during mid-day trading on Thursday . The stock traded as high as $2.53 and last traded at $2.47. Approximately 1,820,112 shares traded hands during trading, an increase of 73% from the average daily volume of 1,049,726 shares. The stock had previously closed at $2.26.
Several equities analysts have recently issued reports on EPE shares. Zacks Investment Research upgraded shares of EP Energy from a “hold” rating to a “buy” rating and set a $3.50 target price for the company in a report on Monday, October 9th. BMO Capital Markets set a $3.00 target price on shares of EP Energy and gave the company a “hold” rating in a report on Tuesday, October 10th. Stifel Nicolaus set a $3.00 target price on shares of EP Energy and gave the company a “hold” rating in a report on Thursday, October 5th. ValuEngine upgraded shares of EP Energy from a “sell” rating to a “hold” rating in a report on Thursday, November 9th. Finally, Royal Bank of Canada set a $3.00 target price on shares of EP Energy and gave the company a “hold” rating in a report on Wednesday, December 20th. Nine research analysts have rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $3.54.
The firm has a market capitalization of $631.58, a price-to-earnings ratio of -2.34 and a beta of 4.45. The company has a quick ratio of 0.65, a current ratio of 0.69 and a debt-to-equity ratio of 8.01.
EP Energy (NYSE:EPE) last announced its quarterly earnings data on Wednesday, November 1st. The energy producer reported ($0.12) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.13) by $0.01. EP Energy had a negative net margin of 25.44% and a negative return on equity of 8.50%. The company had revenue of $219.00 million during the quarter, compared to analyst estimates of $264.90 million. During the same period in the previous year, the business earned $0.10 EPS. sell-side analysts predict that EP Energy Corp will post -0.42 earnings per share for the current fiscal year.
A number of hedge funds and other institutional investors have recently made changes to their positions in EPE. Engineers Gate Manager LP purchased a new position in EP Energy in the 2nd quarter worth approximately $313,000. JPMorgan Chase & Co. grew its position in EP Energy by 1.0% in the 2nd quarter. JPMorgan Chase & Co. now owns 5,313,377 shares of the energy producer’s stock worth $19,447,000 after purchasing an additional 52,904 shares during the period. SG Americas Securities LLC bought a new stake in EP Energy in the 3rd quarter worth approximately $160,000. Virtu KCG Holdings LLC grew its position in EP Energy by 86.4% in the 2nd quarter. Virtu KCG Holdings LLC now owns 82,065 shares of the energy producer’s stock worth $300,000 after purchasing an additional 38,029 shares during the period. Finally, Northern Trust Corp grew its position in EP Energy by 1.8% in the 2nd quarter. Northern Trust Corp now owns 1,794,632 shares of the energy producer’s stock worth $6,568,000 after purchasing an additional 32,018 shares during the period. Institutional investors own 68.89% of the company’s stock.
About EP Energy
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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