EP Energy Corporation (NYSE:EPE) has been given a $3.00 price target by investment analysts at Stifel Nicolaus in a report issued on Thursday. The brokerage currently has a “hold” rating on the energy producer’s stock. Stifel Nicolaus’ price objective indicates a potential downside of 11.24% from the company’s previous close.

Other equities analysts also recently issued reports about the stock. Royal Bank Of Canada set a $7.00 price objective on shares of EP Energy Corporation and gave the company a “buy” rating in a report on Saturday, June 17th. BMO Capital Markets reiterated a “hold” rating and issued a $3.00 price objective on shares of EP Energy Corporation in a report on Tuesday, August 8th. BidaskClub upgraded shares of EP Energy Corporation from a “sell” rating to a “hold” rating in a report on Monday, July 31st. ValuEngine upgraded shares of EP Energy Corporation from a “sell” rating to a “hold” rating in a report on Wednesday, September 13th. Finally, Citigroup Inc. decreased their price objective on shares of EP Energy Corporation from $5.00 to $4.00 and set a “neutral” rating on the stock in a report on Thursday, July 13th. Eight analysts have rated the stock with a sell rating, six have issued a hold rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $4.07.

EP Energy Corporation (NYSE EPE) traded down 4.73% during mid-day trading on Thursday, reaching $3.22. 170,633 shares of the company’s stock traded hands. The firm has a 50 day moving average of $3.09 and a 200 day moving average of $3.84. EP Energy Corporation has a 1-year low of $2.70 and a 1-year high of $7.49. The firm’s market cap is $821.10 million.

EP Energy Corporation (NYSE:EPE) last released its quarterly earnings data on Wednesday, August 2nd. The energy producer reported ($0.10) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.12) by $0.02. The company had revenue of $296.00 million during the quarter, compared to analyst estimates of $275.99 million. During the same quarter in the prior year, the firm earned $0.21 earnings per share.

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Institutional investors and hedge funds have recently bought and sold shares of the stock. Ronald Blue & Co. LLC lifted its position in EP Energy Corporation by 4.8% during the first quarter. Ronald Blue & Co. LLC now owns 22,289 shares of the energy producer’s stock worth $106,000 after purchasing an additional 1,024 shares during the period. American International Group Inc. lifted its holdings in shares of EP Energy Corporation by 7.1% in the first quarter. American International Group Inc. now owns 23,840 shares of the energy producer’s stock worth $113,000 after acquiring an additional 1,581 shares during the last quarter. Koch Industries Inc. bought a new position in shares of EP Energy Corporation in the fourth quarter worth about $163,000. Metropolitan Life Insurance Co. NY bought a new position in shares of EP Energy Corporation in the fourth quarter worth about $168,000. Finally, Cigna Investments Inc. New bought a new position in shares of EP Energy Corporation in the fourth quarter worth about $180,000. 70.42% of the stock is owned by institutional investors and hedge funds.

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).

Analyst Recommendations for EP Energy Corporation (NYSE:EPE)

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