EP Energy Corporation (NYSE:EPE) was downgraded by Zacks Investment Research from a “strong-buy” rating to a “hold” rating in a note issued to investors on Wednesday.

According to Zacks, “EP Energy Corporation is involved in the acquisition and development of unconventional onshore oil and natural gas. The company’s assets consist of the Eagle Ford Shale in South Texas, the Wolfcamp Shale in Permian Basin in West Texas, the Altamont field in the Uinta Basin in Utah and the Haynesville Shale in North Louisiana. EP Energy Corporation is based in Houston, United States. “

Other analysts also recently issued reports about the company. BidaskClub raised EP Energy Corporation from a “strong sell” rating to a “sell” rating in a research report on Saturday, June 17th. Royal Bank Of Canada set a $7.00 target price on EP Energy Corporation and gave the stock a “buy” rating in a research report on Saturday, June 17th. ValuEngine raised EP Energy Corporation from a “strong sell” rating to a “sell” rating in a research report on Wednesday, July 19th. Citigroup Inc. downgraded EP Energy Corporation from a “neutral” rating to a “sell” rating and decreased their target price for the stock from $4.00 to $3.00 in a research report on Friday, July 21st. Finally, Bank of America Corporation started coverage on EP Energy Corporation in a research report on Wednesday, July 19th. They issued an “underperform” rating and a $4.00 target price for the company. Eight analysts have rated the stock with a sell rating, seven have issued a hold rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $3.77.

EP Energy Corporation (EPE) traded down 6.25% on Wednesday, hitting $3.00. The company’s stock had a trading volume of 1,429,961 shares. EP Energy Corporation has a 12 month low of $2.70 and a 12 month high of $7.49. The stock’s market cap is $765.00 million. The firm has a 50 day moving average of $3.10 and a 200-day moving average of $3.81.

EP Energy Corporation (NYSE:EPE) last issued its quarterly earnings results on Wednesday, August 2nd. The energy producer reported ($0.10) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.12) by $0.02. The business had revenue of $296.00 million for the quarter, compared to the consensus estimate of $275.99 million. During the same quarter last year, the business posted $0.21 earnings per share.

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Hedge funds and other institutional investors have recently made changes to their positions in the company. American International Group Inc. grew its position 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 valued at $113,000 after purchasing an additional 1,581 shares in the last quarter. Wells Fargo & Company MN grew its position in shares of EP Energy Corporation by 11.7% in the second quarter. Wells Fargo & Company MN now owns 28,848 shares of the energy producer’s stock valued at $106,000 after purchasing an additional 3,028 shares in the last quarter. KCG Holdings Inc. grew its position in shares of EP Energy Corporation by 24.4% in the first quarter. KCG Holdings Inc. now owns 44,036 shares of the energy producer’s stock valued at $209,000 after purchasing an additional 8,645 shares in the last quarter. Public Employees Retirement System of Ohio grew its position in shares of EP Energy Corporation by 7.5% in the first quarter. Public Employees Retirement System of Ohio now owns 53,428 shares of the energy producer’s stock valued at $254,000 after purchasing an additional 3,715 shares in the last quarter. Finally, Rhumbline Advisers grew its position in shares of EP Energy Corporation by 0.6% in the second quarter. Rhumbline Advisers now owns 58,536 shares of the energy producer’s stock valued at $214,000 after purchasing an additional 375 shares in the last quarter. Institutional investors own 70.42% of the company’s stock.

EP Energy Corporation 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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