EP Energy (NASDAQ:EPEG) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report released on Friday, Zacks.com reports.

According to Zacks, “EP Energy Corporation is involved in the acquisition and development of unconventional onshore oil and natural gas. The company’s assets consist of the Eagle Ford Shale in South Texas, the Wolfcamp Shale in Permian Basin in West Texas, the Altamont field in the Uinta Basin in Utah and the Haynesville Shale in North Louisiana. EP Energy Corporation is based in Houston, United States. “

Shares of NASDAQ:EPEG remained flat at $$0.04 during trading on Friday. The stock had a trading volume of 53,694 shares, compared to its average volume of 932,271. EP Energy has a one year low of $0.03 and a one year high of $2.55. The stock has a fifty day simple moving average of $0.09.

EP Energy (NASDAQ:EPEG) last released its quarterly earnings results on Friday, August 9th. The company reported ($0.15) EPS for the quarter, beating analysts’ consensus estimates of ($0.16) by $0.01. The company had revenue of $256.00 million during the quarter, compared to analysts’ expectations of $240.09 million.

About EP Energy

EP Energy Corporation, an independent exploration and production company, engages in the acquisition and development of unconventional onshore oil and natural gas properties in the United States. Its assets are located primarily in three areas, such as the Eagle Ford Shale in South Texas; Northeastern Utah in the Uinta basin; and the Permian basin in West Texas.

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