EP Energy Corp. (EPE) Upgraded to Neutral by Goldman Sachs Group Inc.
EP Energy Corp. (NYSE:EPE) was upgraded by analysts at Goldman Sachs Group Inc. from a “sell” rating to a “neutral” rating in a report issued on Wednesday.
A number of other analysts have also commented on the stock. FBR & Co reissued a “marketperform” rating on shares of EP Energy Corp. in a research report on Monday, September 12th. Vetr raised shares of EP Energy Corp. from a “hold” rating to a “strong-buy” rating and set a $5.84 price objective on the stock in a research report 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. Zacks Investment Research lowered shares of EP Energy Corp. from a “buy” rating to a “hold” rating in a research report on Friday, August 5th. Finally, Northland Securities raised shares of EP Energy Corp. from an “under perform” rating to a “market perform” rating in a research report on Friday, August 5th. Six investment analysts have rated the stock with a sell rating, fourteen have given a hold rating, two have given a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $4.73.
Shares of EP Energy Corp. (NYSE:EPE) opened at 3.62 on Wednesday. The firm has a 50-day moving average of $4.16 and a 200-day moving average of $4.82. The company’s market capitalization is $913.68 million. EP Energy Corp. has a one year low of $1.60 and a one year high of $7.99.
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EP Energy Corp. (NYSE:EPE) last announced its quarterly earnings data on Wednesday, August 3rd. The company reported $0.21 EPS for the quarter, topping the Zacks’ consensus estimate of $0.17 by $0.04. During the same quarter in the prior year, the business posted $0.17 earnings per share.
Several institutional investors have recently added to or reduced their stakes in the stock. BlackRock Advisors LLC increased its position 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 during the period. American International Group Inc. increased its position 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 during the period. BlackRock Group LTD increased its position 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 during the period. Metropolitan Life Insurance Co. NY increased its position 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 during the period. Finally, Parametrica Management Ltd acquired a new position in EP Energy Corp. during the first quarter valued at approximately $183,000. Institutional investors and hedge funds 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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