EP Energy Corp. (EPE) Lifted to Neutral at Goldman Sachs Group Inc.
EP Energy Corp. (NYSE:EPE) was upgraded by stock analysts at Goldman Sachs Group Inc. from a “sell” rating to a “neutral” rating in a research report issued to clients and investors on Wednesday. The brokerage presently has a $5.00 price objective on the stock, up from their previous price objective of $3.62. Goldman Sachs Group Inc.’s price target indicates a potential upside of 29.53% from the company’s current price.
A number of other research firms also recently commented on EPE. Zacks Investment Research downgraded shares of EP Energy Corp. from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 7th. Deutsche Bank AG upped their price objective on shares of EP Energy Corp. from $6.00 to $7.00 and gave the company a “hold” rating in a research note on Tuesday, June 14th. Vetr raised shares of EP Energy Corp. from a “hold” rating to a “strong-buy” rating and set a $5.84 price objective for the company in a research note on Monday, August 22nd. JPMorgan Chase & Co. reissued a “hold” rating on shares of EP Energy Corp. in a research report on Monday, August 15th. Finally, FBR & Co began coverage on shares of EP Energy Corp. in a research report on Tuesday, September 13th. They set a “market perform” rating and a $4.50 target price for the company. Six equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $4.76.
Shares of EP Energy Corp. (NYSE:EPE) traded up 6.63% on Wednesday, reaching $3.86. 2,076,544 shares of the company were exchanged. EP Energy Corp. has a 1-year low of $1.60 and a 1-year high of $7.99. The stock’s market capitalization is $974.26 million. The company has a 50-day moving average price of $4.16 and a 200 day moving average price of $4.82.
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EP Energy Corp. (NYSE:EPE) last posted its quarterly earnings data on Wednesday, August 3rd. The company reported $0.21 EPS for the quarter, beating the Zacks’ consensus estimate of $0.17 by $0.04. During the same quarter last year, the company posted $0.17 EPS.
Several large investors have recently bought and sold shares of EPE. BlackRock Advisors LLC raised its stake in EP Energy Corp. by 18.7% in the second quarter. BlackRock Advisors LLC now owns 21,970 shares of the company’s stock valued at $114,000 after buying an additional 3,455 shares in the last quarter. American International Group Inc. raised its stake in EP Energy Corp. by 1,611.4% in the second quarter. American International Group Inc. now owns 22,283 shares of the company’s stock valued at $115,000 after buying an additional 20,981 shares in the last quarter. BlackRock Group LTD raised its stake in EP Energy Corp. by 2,384.7% in the second quarter. BlackRock Group LTD now owns 29,419 shares of the company’s stock valued at $152,000 after buying an additional 28,235 shares in the last quarter. Metropolitan Life Insurance Co. NY raised its stake in EP Energy Corp. by 3,199.0% in the second quarter. Metropolitan Life Insurance Co. NY now owns 32,693 shares of the company’s stock valued at $169,000 after buying an additional 31,702 shares in the last quarter. Finally, CIBC World Markets Inc. purchased a new stake in EP Energy Corp. during the second quarter valued at about $195,000. 73.23% of the stock is currently owned by institutional investors and hedge funds.
EP Energy Corp. 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 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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