EP Energy Corporation (EPE) Rating Lowered to Sell at ValuEngine
EP Energy Corporation (NYSE:EPE) was downgraded by analysts at ValuEngine from a “hold” rating to a “sell” rating in a research report issued on Monday.
A number of other research firms also recently issued reports on EPE. Citigroup Inc. downgraded shares of EP Energy Corporation from a “neutral” rating to a “sell” rating and decreased their price target for the stock from $4.00 to $3.00 in a research note on Friday, July 21st. Scotiabank lowered shares of EP Energy Corporation from a “sector perform” rating to an “underperform” rating and lowered their price objective for the stock from $4.00 to $3.00 in a report on Thursday, June 29th. BidaskClub raised EP Energy Corporation from a “strong sell” rating to a “sell” rating in a research report on Saturday, June 17th. Bank of America Corporation initiated coverage on EP Energy Corporation in a research report on Wednesday, July 19th. They set an “underperform” rating and a $4.00 price objective on the stock. Finally, Royal Bank Of Canada set a $5.00 target price on EP Energy Corporation and gave the stock a “hold” rating in a report on Thursday, August 24th. Nine analysts have rated the stock with a sell rating, six have issued a hold rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $4.25.
Shares of EP Energy Corporation (NYSE:EPE) opened at 3.29 on Monday. The firm’s market capitalization is $838.95 million. EP Energy Corporation has a 12-month low of $2.70 and a 12-month high of $7.49. The firm has a 50-day moving average of $3.09 and a 200-day moving average of $3.85.
EP Energy Corporation (NYSE:EPE) last issued its quarterly earnings data on Wednesday, August 2nd. The energy producer reported ($0.10) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.12) by $0.02. The company had revenue of $296.00 million during the quarter, compared to the consensus estimate of $275.99 million. During the same quarter last year, the company posted $0.21 earnings per share.
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A number of large investors have recently made changes to their positions in EPE. JPMorgan Chase & Co. boosted its holdings in EP Energy Corporation 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 acquiring an additional 52,904 shares in the last quarter. King Street Capital Management L.P. grew its stake in shares of EP Energy Corporation by 33.3% in the first quarter. King Street Capital Management L.P. now owns 4,000,000 shares of the energy producer’s stock worth $19,000,000 after acquiring an additional 1,000,000 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of EP Energy Corporation by 0.3% in 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. Northern Trust Corp grew its stake in shares of EP Energy Corporation by 1.8% in 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. Finally, Columbia Pacific Advisors LLC grew its stake in shares of EP Energy Corporation by 41.7% in the first quarter. Columbia Pacific Advisors LLC now owns 1,259,086 shares of the energy producer’s stock worth $5,981,000 after acquiring an additional 370,233 shares during the last quarter. Institutional investors and hedge funds own 70.42% of the company’s stock.
About EP Energy Corporation
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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