EP Energy Corporation (NYSE:EPE) traded up 7.3% during mid-day trading on Monday . The stock traded as high as $3.39 and last traded at $3.37. 829,040 shares were traded during trading, an increase of 53% from the average session volume of 542,855 shares. The stock had previously closed at $3.14.
Several equities research analysts recently issued reports on the company. Royal Bank Of Canada set a $7.00 price objective on EP Energy Corporation and gave the company a “buy” rating in a research note on Saturday, June 17th. Jefferies Group LLC reissued an “underperform” rating and set a $1.00 price objective on shares of EP Energy Corporation in a research note on Tuesday. ValuEngine raised EP Energy Corporation from a “strong sell” rating to a “sell” rating in a research note on Wednesday, July 19th. Scotiabank lowered EP Energy Corporation from a “sector perform” rating to an “underperform” rating and dropped their price objective for the company from $4.00 to $3.00 in a research note on Thursday, June 29th. Finally, Citigroup Inc. lowered EP Energy Corporation from a “neutral” rating to a “sell” rating and dropped their price objective for the company from $4.00 to $3.00 in a research note on Friday, July 21st. Eight equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, one has given a buy rating and one has issued a strong buy rating to the company. EP Energy Corporation has a consensus rating of “Hold” and a consensus price target of $3.77.
The stock’s 50 day moving average is $3.10 and its 200-day moving average is $3.81. The firm’s market capitalization is $816.00 million.
EP Energy Corporation (NYSE:EPE) last released its quarterly earnings data on Wednesday, August 2nd. The energy producer reported ($0.10) EPS for the quarter, beating the consensus estimate of ($0.12) by $0.02. The company had revenue of $296.00 million for the quarter, compared to the consensus estimate of $275.99 million. During the same period last year, the company earned $0.21 EPS.
Several institutional investors and hedge funds have recently added to or reduced their stakes in EPE. Karp Capital Management Corp bought a new position in shares of EP Energy Corporation during the 1st quarter valued at about $565,000. JPMorgan Chase & Co. boosted its holdings in shares of EP Energy Corporation by 8.1% during the 1st quarter. JPMorgan Chase & Co. now owns 5,260,473 shares of the energy producer’s stock valued at $24,988,000 after purchasing an additional 394,669 shares during the last quarter. SG Americas Securities LLC bought a new position in shares of EP Energy Corporation during the 1st quarter valued at about $955,000. American International Group Inc. boosted its holdings in shares of EP Energy Corporation by 7.1% during the 1st quarter. American International Group Inc. now owns 23,840 shares of the energy producer’s stock valued at $113,000 after purchasing an additional 1,581 shares during the last quarter. Finally, Alliancebernstein L.P. boosted its holdings in shares of EP Energy Corporation by 1.2% during the 1st quarter. Alliancebernstein L.P. now owns 170,762 shares of the energy producer’s stock valued at $811,000 after purchasing an additional 2,100 shares during the last quarter. 70.42% of the stock is owned by institutional investors and hedge funds.
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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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