Several other brokerages have also recently issued reports on EPE. Royal Bank Of Canada cut EP Energy Corporation from an outperform rating to a sector perform rating and decreased their price objective for the stock from $7.00 to $4.50 in a report on Thursday, July 20th. BidaskClub raised EP Energy Corporation from a sell rating to a hold rating in a report on Monday, July 31st. Bank of America Corporation started coverage on EP Energy Corporation in a report on Wednesday, July 19th. They set an underperform rating and a $4.00 price objective on the stock. Scotiabank cut EP Energy Corporation from a sector perform rating to an underperform rating and decreased their price objective for the stock from $4.00 to $3.00 in a report on Thursday, June 29th. Finally, ValuEngine raised EP Energy Corporation from a strong sell rating to a sell rating in a research report on Wednesday, July 19th. Eight equities research analysts have rated the stock with a sell rating, seven have given a hold rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of Hold and an average target price of $3.77.
Shares of EP Energy Corporation (EPE) traded up 1.45% on Tuesday, reaching $2.80. 611,808 shares of the company’s stock were exchanged. The company has a 50 day moving average price of $3.09 and a 200 day moving average price of $3.80. EP Energy Corporation has a one year low of $2.70 and a one year high of $7.49. The firm’s market cap is $714.00 million.
EP Energy Corporation (NYSE:EPE) last issued its quarterly earnings data on Wednesday, August 2nd. The energy producer reported ($0.10) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.12) by $0.02. The firm had revenue of $296.00 million for the quarter, compared to analysts’ expectations of $275.99 million. During the same period last year, the company earned $0.21 earnings per share.
A number of institutional investors have recently made changes to their positions in the business. JPMorgan Chase & Co. grew its position in EP Energy Corporation by 1.0% in the 2nd quarter. JPMorgan Chase & Co. now owns 5,313,377 shares of the energy producer’s stock valued at $19,447,000 after acquiring an additional 52,904 shares during the last quarter. Vanguard Group Inc. grew its position in EP Energy Corporation by 0.3% in the 2nd quarter. Vanguard Group Inc. now owns 3,459,190 shares of the energy producer’s stock valued at $12,660,000 after acquiring an additional 9,068 shares during the last quarter. Northern Trust Corp grew its position in EP Energy Corporation by 1.8% in the 2nd quarter. Northern Trust Corp now owns 1,794,632 shares of the energy producer’s stock valued at $6,568,000 after acquiring an additional 32,018 shares during the last quarter. Columbia Pacific Advisors LLC grew its position in EP Energy Corporation by 41.7% in the 1st quarter. Columbia Pacific Advisors LLC now owns 1,259,086 shares of the energy producer’s stock valued at $5,981,000 after acquiring an additional 370,233 shares during the last quarter. Finally, Parametric Portfolio Associates LLC grew its position in EP Energy Corporation by 1.1% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 817,432 shares of the energy producer’s stock valued at $2,992,000 after acquiring an additional 8,690 shares during the last quarter. 70.42% of the stock is currently owned by institutional investors.
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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