Columbia Pacific Advisors LLC reduced its holdings in EP Energy Corp (NYSE:EPE) by 16.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 884,465 shares of the energy producer’s stock after selling 170,013 shares during the quarter. EP Energy makes up 3.1% of Columbia Pacific Advisors LLC’s portfolio, making the stock its 13th biggest holding. Columbia Pacific Advisors LLC owned approximately 0.35% of EP Energy worth $2,087,000 as of its most recent SEC filing.
A number of other institutional investors have also added to or reduced their stakes in EPE. Wells Fargo & Company MN increased its stake in EP Energy 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 during the last quarter. Northern Trust Corp increased its stake in EP Energy by 1.8% during the second quarter. Northern Trust Corp now owns 1,794,632 shares of the energy producer’s stock worth $6,568,000 after acquiring an additional 32,018 shares during the last quarter. Vanguard Group Inc. increased its stake in EP Energy by 0.3% during the second quarter. Vanguard Group Inc. now owns 3,459,190 shares of the energy producer’s stock worth $12,660,000 after acquiring an additional 9,068 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in EP Energy by 0.4% during the second quarter. Dimensional Fund Advisors LP now owns 809,282 shares of the energy producer’s stock worth $2,962,000 after acquiring an additional 2,919 shares during the last quarter. Finally, State Street Corp increased its stake in EP Energy by 3.4% during the second quarter. State Street Corp now owns 674,288 shares of the energy producer’s stock worth $2,469,000 after acquiring an additional 22,030 shares during the last quarter. Hedge funds and other institutional investors own 68.84% of the company’s stock.
Several brokerages have commented on EPE. Zacks Investment Research upgraded EP Energy from a “hold” rating to a “buy” rating and set a $2.75 price target for the company in a research note on Friday, January 19th. ValuEngine lowered EP Energy from a “sell” rating to a “strong sell” rating in a research note on Friday, December 1st. Robert W. Baird began coverage on EP Energy in a research note on Tuesday, December 19th. They set an “outperform” rating and a $2.00 price target for the company. Bank of America dropped their price target on EP Energy from $3.00 to $2.00 and set an “underperform” rating for the company in a research note on Thursday, March 8th. Finally, Deutsche Bank began coverage on EP Energy in a research note on Thursday, February 1st. They set a “hold” rating and a $2.50 price target for the company. Eight research analysts have rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $3.02.
EP Energy (NYSE:EPE) last posted its earnings results on Wednesday, February 28th. The energy producer reported ($0.07) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.12) by $0.05. EP Energy had a negative return on equity of 19.42% and a negative net margin of 18.20%. The business had revenue of $224.00 million during the quarter, compared to analyst estimates of $275.69 million. During the same quarter last year, the firm earned $0.12 earnings per share. analysts expect that EP Energy Corp will post -0.33 EPS for the current year.
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About EP Energy
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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