BidaskClub downgraded shares of EP Energy Corporation (NYSE:EPE) from a hold rating to a sell rating in a research note published on Tuesday, July 11th.
A number of other equities research analysts have also recently issued reports on the stock. Scotiabank cut shares of EP Energy Corporation from a sector perform rating to an underperform rating and reduced their target price for the company from $4.00 to $3.00 in a research report on Thursday, June 29th. Royal Bank Of Canada set a $7.00 price objective on shares of EP Energy Corporation and gave the stock a buy rating in a research report on Saturday, June 17th. Credit Suisse Group cut shares of EP Energy Corporation from a neutral rating to an underperform rating in a research report on Thursday, June 1st. Stifel Nicolaus reaffirmed a hold rating and set a $5.00 price objective on shares of EP Energy Corporation in a research report on Friday, May 26th. Finally, FBR & Co set a $5.00 price objective on shares of EP Energy Corporation and gave the stock a hold rating in a research report on Tuesday, May 16th. Eight research analysts have rated the stock with a sell rating, eight have given a hold rating and one has issued a strong buy rating to the stock. EP Energy Corporation has a consensus rating of Hold and an average price target of $4.27.
Shares of EP Energy Corporation (NYSE EPE) opened at 3.31 on Tuesday. EP Energy Corporation has a 1-year low of $3.15 and a 1-year high of $7.49. The stock’s market capitalization is $844.05 million. The firm has a 50-day moving average of $3.48 and a 200 day moving average of $4.33.
EP Energy Corporation (NYSE:EPE) last announced its earnings results on Wednesday, August 2nd. The energy producer reported ($0.10) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.12) by $0.02. The business had revenue of $296 million during the quarter, compared to the consensus estimate of $275.99 million. During the same period in the previous year, the firm posted $0.21 EPS.
Hedge funds have recently added to or reduced their stakes in the stock. Airain ltd purchased a new stake in EP Energy Corporation during the first quarter worth $235,000. Norges Bank purchased a new stake in EP Energy Corporation during the fourth quarter worth $4,219,000. Menta Capital LLC purchased a new stake in EP Energy Corporation during the first quarter worth $767,000. King Street Capital Management L.P. increased its stake in 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 buying an additional 1,000,000 shares in the last quarter. Finally, OppenheimerFunds Inc. purchased a new stake in EP Energy Corporation during the first quarter worth $3,349,000. 72.32% of the stock is owned by institutional investors and hedge funds.
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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