EP Energy Corp. (EPE) Receives New Coverage from Analysts at FBR & Co
Other research analysts have also recently issued research reports about the stock. Zacks Investment Research cut shares of EP Energy Corp. from a buy rating to a hold rating in a report on Friday, July 29th. Deutsche Bank AG raised their target price on shares of EP Energy Corp. from $6.00 to $7.00 and gave the stock a hold rating in a report on Tuesday, June 14th. Jefferies Group reissued an underperform rating and set a $3.00 target price (up previously from $2.50) on shares of EP Energy Corp. in a report on Monday, July 18th. SunTrust Banks Inc. raised their target price on shares of EP Energy Corp. from $2.00 to $5.00 and gave the stock a neutral rating in a report on Thursday, May 19th. Finally, Vetr cut shares of EP Energy Corp. from a hold rating to a sell rating and set a $5.04 target price for the company. in a report on Monday, May 16th. Seven research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, two have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of Hold and an average price target of $4.73.
EP Energy Corp. (NYSE:EPE) opened at 3.81 on Tuesday. The firm’s 50 day moving average is $4.19 and its 200 day moving average is $4.77. The company’s market cap is $961.64 million. EP Energy Corp. has a 12-month low of $1.60 and a 12-month high of $7.99.
EP Energy Corp. (NYSE:EPE) last issued its earnings results on Wednesday, August 3rd. The company reported $0.21 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.17 by $0.04. During the same quarter in the previous year, the firm posted $0.17 EPS.
Institutional investors have recently bought and sold shares of the company. BlackRock Advisors LLC raised its position in EP Energy Corp. by 18.7% in the second quarter. BlackRock Advisors LLC now owns 21,970 shares of the company’s stock worth $114,000 after buying an additional 3,455 shares during the last quarter. American International Group Inc. raised its position in EP Energy Corp. by 1,611.4% in the second quarter. American International Group Inc. now owns 22,283 shares of the company’s stock worth $115,000 after buying an additional 20,981 shares during the last quarter. BlackRock Group LTD raised its position in EP Energy Corp. by 2,384.7% in the second quarter. BlackRock Group LTD now owns 29,419 shares of the company’s stock worth $152,000 after buying an additional 28,235 shares during the last quarter. Metropolitan Life Insurance Co. NY raised its position in EP Energy Corp. by 3,199.0% in the second quarter. Metropolitan Life Insurance Co. NY now owns 32,693 shares of the company’s stock worth $169,000 after buying an additional 31,702 shares during the last quarter. Finally, Parametrica Management Ltd acquired a new position in EP Energy Corp. during the first quarter worth $183,000. Hedge funds and other institutional investors own 73.23% of the company’s stock.
About EP Energy Corp.
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 diverse base of producing assets and are focused on creating value through the development of its drilling inventory located in four areas: the Eagle Ford Shale (South Texas), the Wolfcamp Shale (Permian Basin in West Texas), the Altamont Field in the Uinta Basin (Northeastern Utah) and the Haynesville Shale (North Louisiana).
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