EP Energy Corporation (EPE) Downgraded by J P Morgan Chase & Co
J P Morgan Chase & Co cut shares of EP Energy Corporation (NYSE:EPE) from a neutral rating to an underweight rating in a research report released on Thursday, MarketBeat.com reports.
Other research analysts have also recently issued reports about the company. Citigroup Inc. cut EP Energy Corporation from a neutral rating to a sell rating and dropped their target price for the stock from $4.00 to $3.00 in a research report on Friday, July 21st. Royal Bank Of Canada set a $5.00 price objective on EP Energy Corporation and gave the stock a hold rating in a research note on Thursday, August 24th. Bank of America Corporation began coverage on EP Energy Corporation in a research report on Wednesday, July 19th. They set an underperform rating and a $4.00 target price on the stock. Tudor Pickering downgraded EP Energy Corporation from a buy rating to a sell rating in a research report on Tuesday, September 5th. Finally, Jefferies Group LLC set a $4.00 target price on EP Energy Corporation and gave the company a sell rating in a research report on Wednesday, July 19th. Nine investment analysts have rated the stock with a sell rating and seven have issued a hold rating to the company. EP Energy Corporation has a consensus rating of Sell and a consensus target price of $3.68.
Shares of EP Energy Corporation (NYSE:EPE) traded up $0.30 during midday trading on Thursday, hitting $2.88. The company had a trading volume of 878,430 shares, compared to its average volume of 692,415. EP Energy Corporation has a 1 year low of $2.23 and a 1 year high of $7.49. The company has a debt-to-equity ratio of 6.84, a current ratio of 0.70 and a quick ratio of 0.67.
EP Energy Corporation (NYSE:EPE) last posted its quarterly earnings data on Wednesday, November 1st. The energy producer reported ($0.12) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.13) by $0.01. The company had revenue of $219.00 million for the quarter, compared to analysts’ expectations of $264.90 million. EP Energy Corporation had a negative net margin of 25.44% and a negative return on equity of 8.19%. During the same period in the prior year, the business earned $0.10 earnings per share. equities analysts forecast that EP Energy Corporation will post -0.45 EPS for the current fiscal year.
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Several hedge funds have recently modified their holdings of EPE. American International Group Inc. lifted its holdings in 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. Alliancebernstein L.P. grew its position in EP Energy Corporation by 1.2% in the first quarter. Alliancebernstein L.P. now owns 170,762 shares of the energy producer’s stock worth $811,000 after buying an additional 2,100 shares during the last quarter. KCG Holdings Inc. grew its position in EP Energy Corporation by 24.4% in the first quarter. KCG Holdings Inc. now owns 44,036 shares of the energy producer’s stock worth $209,000 after buying an additional 8,645 shares during the last quarter. Bank of America Corp DE boosted its stake in EP Energy Corporation by 62.2% in the 1st quarter. Bank of America Corp DE now owns 223,298 shares of the energy producer’s stock worth $1,060,000 after purchasing an additional 85,614 shares during the period. Finally, Public Employees Retirement System of Ohio boosted its stake in shares of EP Energy Corporation by 7.5% during the 1st quarter. Public Employees Retirement System of Ohio now owns 53,428 shares of the energy producer’s stock valued at $254,000 after buying an additional 3,715 shares during the period. 70.14% of the stock is currently owned by institutional investors and hedge funds.
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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