EP Energy Corporation (EPE) Receives Average Rating of “Sell” from Brokerages

Shares of EP Energy Corporation (NYSE:EPE) have earned an average recommendation of “Sell” from the fifteen research firms that are currently covering the firm, Marketbeat.com reports. Eight investment analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $3.70.

EPE has been the topic of a number of recent research reports. Zacks Investment Research upgraded shares of EP Energy Corporation from a “hold” rating to a “buy” rating and set a $3.50 price target on the stock in a research note on Monday, October 9th. ValuEngine upgraded shares of EP Energy Corporation from a “sell” rating to a “hold” rating in a research note on Wednesday, September 13th. Royal Bank Of Canada set a $5.00 price target on shares of EP Energy Corporation and gave the company a “hold” rating in a research note on Thursday, August 24th. BMO Capital Markets restated a “hold” rating and set a $3.00 price target on shares of EP Energy Corporation in a research note on Tuesday, August 8th. Finally, BidaskClub upgraded shares of EP Energy Corporation from a “sell” rating to a “hold” rating in a research note on Monday, July 31st.

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EP Energy Corporation (NYSE:EPE) last announced its quarterly earnings results on Wednesday, November 1st. The energy producer reported ($0.12) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.13) by $0.01. During the same quarter in the previous year, the firm earned $0.10 EPS.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Wells Fargo & Company MN increased its holdings in shares of EP Energy Corporation by 11.7% in the 2nd quarter. Wells Fargo & Company MN now owns 28,848 shares of the energy producer’s stock worth $106,000 after buying an additional 3,028 shares during the last quarter. American International Group Inc. increased its holdings in shares of EP Energy Corporation by 7.1% in the 1st quarter. American International Group Inc. now owns 23,840 shares of the energy producer’s stock worth $113,000 after buying an additional 1,581 shares during the last quarter. KCG Holdings Inc. increased its holdings in shares of EP Energy Corporation by 24.4% in the 1st quarter. KCG Holdings Inc. now owns 44,036 shares of the energy producer’s stock worth $209,000 after buying an additional 8,645 shares during the last quarter. Rhumbline Advisers increased its holdings in shares of EP Energy Corporation by 0.6% in the 2nd quarter. Rhumbline Advisers now owns 58,536 shares of the energy producer’s stock worth $214,000 after buying an additional 375 shares during the last quarter. Finally, Public Employees Retirement System of Ohio increased its holdings in shares of EP Energy Corporation by 7.5% in the 1st quarter. Public Employees Retirement System of Ohio now owns 53,428 shares of the energy producer’s stock worth $254,000 after buying an additional 3,715 shares during the last quarter. Institutional investors and hedge funds own 70.15% of the company’s stock.

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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