EP Energy Corp (EPE) Receives Consensus Recommendation of “Hold” from Brokerages
EP Energy Corp (NYSE:EPE) has earned a consensus rating of “Hold” from the seventeen brokerages that are currently covering the stock, MarketBeat.com reports. Nine analysts have rated the stock with a sell recommendation, six have issued a hold recommendation and two have given a buy recommendation to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $3.54.
A number of analysts have recently issued reports on EPE shares. ValuEngine lowered shares of EP Energy from a “hold” rating to a “sell” rating in a research note on Wednesday, November 15th. Zacks Investment Research upgraded shares of EP Energy from a “hold” rating to a “buy” rating and set a $3.50 price objective on the stock in a research note on Monday, October 9th. JPMorgan Chase & Co. lowered shares of EP Energy from a “neutral” rating to an “underweight” rating in a research note on Thursday, November 2nd. Robert W. Baird lifted their price target on shares of EP Energy from $2.00 to $5.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 2nd. Finally, Royal Bank of Canada set a $3.00 price target on shares of EP Energy and gave the stock a “hold” rating in a research note on Wednesday, December 20th.
Shares of EP Energy (NYSE:EPE) opened at $2.48 on Tuesday. The stock has a market cap of $634.14, a P/E ratio of -2.34 and a beta of 4.45. EP Energy has a 12 month low of $1.54 and a 12 month high of $6.32. The company has a debt-to-equity ratio of 8.01, a quick ratio of 0.65 and a current ratio of 0.69.
Several large investors have recently modified their holdings of EPE. JPMorgan Chase & Co. boosted its holdings in EP Energy by 1.0% in the second quarter. JPMorgan Chase & Co. now owns 5,313,377 shares of the energy producer’s stock worth $19,447,000 after purchasing an additional 52,904 shares during the period. Virtu KCG Holdings LLC boosted its holdings in EP Energy by 86.4% in the second quarter. Virtu KCG Holdings LLC now owns 82,065 shares of the energy producer’s stock worth $300,000 after purchasing an additional 38,029 shares during the period. Parametric Portfolio Associates LLC boosted its holdings in EP Energy by 1.1% in the second quarter. Parametric Portfolio Associates LLC now owns 817,432 shares of the energy producer’s stock worth $2,992,000 after purchasing an additional 8,690 shares during the period. Alliancebernstein L.P. boosted its holdings in EP Energy by 9.6% in the second quarter. Alliancebernstein L.P. now owns 187,162 shares of the energy producer’s stock worth $685,000 after purchasing an additional 16,400 shares during the period. Finally, Engineers Gate Manager LP acquired a new position in EP Energy in the second quarter worth $313,000. Institutional investors and hedge funds own 68.89% of the company’s stock.
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EP Energy 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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