EP Energy Corporation (EPE) Shares Bought by American International Group Inc.
American International Group Inc. boosted its position in shares of EP Energy Corporation (NYSE:EPE) by 7.1% during the first quarter, Holdings Channel reports. The firm owned 23,840 shares of the energy producer’s stock after buying an additional 1,581 shares during the period. American International Group Inc.’s holdings in EP Energy Corporation were worth $113,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Ronald Blue & Co. LLC boosted its position in EP Energy Corporation by 4.8% in the first quarter. Ronald Blue & Co. LLC now owns 22,289 shares of the energy producer’s stock worth $106,000 after buying an additional 1,024 shares during the period. Metropolitan Life Insurance Co. NY purchased a new position in EP Energy Corporation during the fourth quarter worth about $168,000. Airain ltd purchased a new position in EP Energy Corporation during the first quarter worth about $235,000. Karp Capital Management Corp purchased a new position in EP Energy Corporation during the first quarter worth about $565,000. Finally, Teachers Advisors LLC boosted its position in EP Energy Corporation by 90.4% in the fourth quarter. Teachers Advisors LLC now owns 175,509 shares of the energy producer’s stock worth $1,150,000 after buying an additional 83,346 shares during the period. Institutional investors own 72.32% of the company’s stock.
Shares of EP Energy Corporation (NYSE EPE) opened at 3.23 on Thursday. EP Energy Corporation has a 12 month low of $3.17 and a 12 month high of $7.49. The firm’s 50 day moving average is $3.49 and its 200 day moving average is $4.36. The company’s market cap is $823.65 million.
EP Energy Corporation (NYSE:EPE) last released its quarterly earnings results on Wednesday, August 2nd. The energy producer reported ($0.10) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.12) by $0.02. The business had revenue of $296 million for the quarter, compared to the consensus estimate of $275.99 million. During the same period in the previous year, the business posted $0.21 EPS.
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A number of research analysts have recently issued reports on the stock. BidaskClub upgraded shares of EP Energy Corporation from a “sell” rating to a “hold” rating in a research note on Monday, July 31st. Royal Bank Of Canada set a $7.00 target price on shares of EP Energy Corporation and gave the company a “buy” rating in a research note on Saturday, June 17th. BMO Capital Markets reiterated a “hold” rating and issued a $3.00 target price on shares of EP Energy Corporation in a research note on Tuesday. Citigroup Inc. cut their target price on shares of EP Energy Corporation from $5.00 to $4.00 and set a “neutral” rating for the company in a research note on Thursday, July 13th. Finally, Scotiabank reiterated a “hold” rating and issued a $4.00 target price on shares of EP Energy Corporation in a research note on Tuesday, June 6th. Eight equities research analysts have rated the stock with a sell rating, eight have given a hold rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Hold” and an average target price of $4.27.
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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