EP Energy Corp. (EPE) Trading 5% Higher
EP Energy Corp. (NYSE:EPE) traded up 5% on Wednesday . The stock traded as high as $3.95 and last traded at $3.80, with a volume of 1,248,170 shares. The stock had previously closed at $3.62.
Several equities research analysts recently weighed in on the company. Goldman Sachs Group Inc. raised EP Energy Corp. from a “sell” rating to a “neutral” rating and lifted their price objective for the stock from $3.62 to $5.00 in a report on Wednesday. FBR & Co restated a “marketperform” rating on shares of EP Energy Corp. in a research note on Monday, September 12th. Vetr upgraded EP Energy Corp. from a “hold” rating to a “strong-buy” rating and set a $5.84 target price for the company in a research note on Monday, August 22nd. JPMorgan Chase & Co. restated a “hold” rating on shares of EP Energy Corp. in a research note on Monday, August 15th. Finally, Zacks Investment Research downgraded EP Energy Corp. from a “buy” rating to a “hold” rating in a research note on Friday, August 5th. Six equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $4.76.
The company has a 50-day moving average price of $4.16 and a 200 day moving average price of $4.82. The company’s market cap is $970.47 million.
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EP Energy Corp. (NYSE:EPE) last announced its quarterly earnings results on Wednesday, August 3rd. The company reported $0.21 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.17 by $0.04. During the same period in the previous year, the business posted $0.17 earnings per share.
Several institutional investors have recently made changes to their positions in the stock. BlackRock Advisors LLC raised its position in shares of 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 position in shares of 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 position in shares of 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 position in shares of 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, Parametrica Management Ltd acquired a new position in shares of EP Energy Corp. during the first quarter valued at $183,000. Hedge funds and other institutional investors own 73.23% of the company’s stock.
About EP Energy Corp.
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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