Stifel Nicolaus Reaffirms Hold Rating for EP Energy Corp (EPE)
EP Energy Corp (NYSE:EPE)‘s stock had its “hold” rating reiterated by analysts at Stifel Nicolaus in a research report issued on Friday. They presently have a $5.00 price target on the energy producer’s stock. Stifel Nicolaus’ target price would suggest a potential upside of 12.61% from the company’s current price.
A number of other brokerages also recently commented on EPE. FBR & Co set a $5.00 price objective on EP Energy Corp and gave the stock a “hold” rating in a research report on Tuesday, May 16th. Scotiabank set a $6.00 price objective on EP Energy Corp and gave the stock a “hold” rating in a research report on Thursday, March 2nd. Deutsche Bank AG reduced their price objective on EP Energy Corp from $7.00 to $6.00 and set a “hold” rating for the company in a research report on Tuesday, March 7th. Royal Bank of Canada reiterated a “buy” rating and issued a $8.00 price objective on shares of EP Energy Corp in a research report on Friday, March 31st. Finally, Jefferies Group LLC reiterated an “underperform” rating and issued a $4.00 price objective (up previously from $3.50) on shares of EP Energy Corp in a research report on Sunday, April 23rd. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $5.21.
Shares of EP Energy Corp (NYSE:EPE) traded up 2.30% during midday trading on Friday, hitting $4.44. The stock had a trading volume of 766,191 shares. The firm’s market cap is $1.13 billion. The firm has a 50-day moving average of $4.64 and a 200 day moving average of $5.07. EP Energy Corp has a 12-month low of $3.29 and a 12-month high of $7.49.
EP Energy Corp (NYSE:EPE) last announced its earnings results on Wednesday, March 1st. The energy producer reported $0.12 earnings per share for the quarter, missing the consensus estimate of $0.20 by $0.08. During the same quarter in the previous year, the company posted $0.22 earnings per share.
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In related news, VP Francis C. Olmsted III sold 15,824 shares of the firm’s stock in a transaction that occurred on Tuesday, May 9th. The stock was sold at an average price of $4.54, for a total transaction of $71,840.96. Following the completion of the transaction, the vice president now owns 141,964 shares in the company, valued at approximately $644,516.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 1.40% of the stock is owned by company insiders.
Several institutional investors have recently bought and sold shares of the company. Ronald Blue & Co. LLC bought a new position in EP Energy Corp during the third quarter valued at approximately $103,000. American International Group Inc. increased its position in EP Energy Corp by 7.1% in the first quarter. American International Group Inc. now owns 23,840 shares of the energy producer’s stock valued at $113,000 after buying an additional 1,581 shares during the period. Acrospire Investment Management LLC increased its position in EP Energy Corp by 106.9% in the third quarter. Acrospire Investment Management LLC now owns 35,084 shares of the energy producer’s stock valued at $154,000 after buying an additional 18,126 shares during the period. Koch Industries Inc. bought a new position in EP Energy Corp during the fourth quarter valued at approximately $163,000. Finally, Metropolitan Life Insurance Co. NY bought a new position in EP Energy Corp during the fourth quarter valued at approximately $168,000. Institutional investors and hedge funds own 73.06% of the company’s stock.
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 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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