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Deutsche Bank began coverage on shares of EP Energy Corp (NYSE:EPE) in a research note issued on Wednesday, TheFlyOnTheWall.com reports. The firm set a “buy” rating and a $23.00 price target on the stock. Deutsche Bank’s price target would indicate a potential upside of 20.42% from the stock’s previous close.

EP Energy Corp (NYSE:EPE) traded down 4.87% during mid-day trading on Wednesday, hitting $18.17. 1,188,157 shares of the company’s stock traded hands. EP Energy Corp has a 1-year low of $16.00 and a 1-year high of $19.99. The stock has a 50-day moving average of $18.04 and a 200-day moving average of $18.04. The company has a market cap of $4.447 billion and a price-to-earnings ratio of 8.18.

Several other analysts have also recently commented on the stock. Analysts at JPMorgan Chase & Co. initiated coverage on shares of EP Energy Corp in a research note on Wednesday. They set an “overweight” rating on the stock. Separately, analysts at Goldman Sachs initiated coverage on shares of EP Energy Corp in a research note on Wednesday. They set a “buy” rating and a $24.00 price target on the stock. Finally, analysts at Wells Fargo & Co. initiated coverage on shares of EP Energy Corp in a research note on Wednesday. They set an “outperform” rating on the stock. Four investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $25.20.

EP Energy Corporation is an independent exploration and production company. It is engaged in the acquisition and development of unconventional onshore oil and natural gas properties in the United States.

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