EP Energy Corporation (EPE) Short Interest Update
EP Energy Corporation (NYSE:EPE) was the recipient of a large decline in short interest in July. As of July 31st, there was short interest totalling 11,334,930 shares, a decline of 7.7% from the July 14th total of 12,284,478 shares. Based on an average daily volume of 511,974 shares, the short-interest ratio is currently 22.1 days. Currently, 28.5% of the company’s stock are sold short.
A number of analysts have commented on the company. Royal Bank Of Canada set a $7.00 price objective on EP Energy Corporation and gave the stock a “buy” rating in a report on Saturday, June 17th. Scotiabank lowered EP Energy Corporation from a “sector perform” rating to an “underperform” rating and decreased their price objective for the stock from $4.00 to $3.00 in a report on Thursday, June 29th. ValuEngine raised EP Energy Corporation from a “strong sell” rating to a “sell” rating in a report on Wednesday, July 19th. Citigroup Inc. lowered EP Energy Corporation from a “neutral” rating to a “sell” rating and decreased their price objective for the stock from $4.00 to $3.00 in a report on Friday, July 21st. Finally, Jefferies Group LLC set a $4.00 price objective on EP Energy Corporation and gave the stock a “sell” rating in a report on Wednesday, July 19th. Eight analysts have rated the stock with a sell rating, seven have given a hold rating and one has assigned a strong buy rating to the company’s stock. EP Energy Corporation presently has an average rating of “Hold” and an average price target of $4.27.
EP Energy Corporation (NYSE:EPE) traded up 0.32% during trading on Tuesday, hitting $3.10. The stock had a trading volume of 368,463 shares. The stock’s 50-day moving average price is $3.43 and its 200-day moving average price is $4.22. EP Energy Corporation has a 1-year low of $3.06 and a 1-year high of $7.49. The company’s market capitalization is $790.50 million.
EP Energy Corporation (NYSE:EPE) last posted its earnings results on Wednesday, August 2nd. The energy producer reported ($0.10) EPS for the quarter, topping analysts’ consensus estimates of ($0.12) by $0.02. The company had revenue of $296 million during the quarter, compared to the consensus estimate of $275.99 million. During the same period last year, the firm posted $0.21 EPS.
Several large investors have recently modified their holdings of EPE. Airain ltd acquired a new stake in shares of EP Energy Corporation during the first quarter worth about $235,000. Norges Bank acquired a new stake in shares of EP Energy Corporation during the fourth quarter worth about $4,219,000. Menta Capital LLC acquired a new stake in shares of EP Energy Corporation during the first quarter worth about $767,000. King Street Capital Management L.P. increased its stake in shares of EP Energy Corporation by 33.3% in the first quarter. King Street Capital Management L.P. now owns 4,000,000 shares of the energy producer’s stock worth $19,000,000 after buying an additional 1,000,000 shares during the last quarter. Finally, OppenheimerFunds Inc. acquired a new stake in shares of EP Energy Corporation during the first quarter worth about $3,349,000. 72.03% of the stock is owned by hedge funds and other institutional investors.
About EP Energy Corporation
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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