EP Energy (EPE) Trading 10.1% Higher

EP Energy Corporation (NYSE:EPE) traded up 10.1% during mid-day trading on Tuesday . The company traded as high as $1.78 and last traded at $1.75. 1,758,835 shares were traded during trading, an increase of 69% from the average session volume of 1,039,780 shares. The stock had previously closed at $1.59.

A number of equities research analysts have issued reports on the stock. BMO Capital Markets set a $3.00 target price on shares of EP Energy and gave the stock a “hold” rating in a report on Tuesday, October 10th. ValuEngine lowered shares of EP Energy from a “hold” rating to a “sell” rating in a report on Monday, October 2nd. Jefferies Group reissued an “underperform” rating and issued a $1.00 price objective on shares of EP Energy in a research report on Tuesday, October 10th. Stifel Nicolaus set a $3.00 price objective on shares of EP Energy and gave the company a “hold” rating in a research report on Thursday, October 5th. Finally, Zacks Investment Research downgraded shares of EP Energy from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 11th. Nine analysts have rated the stock with a sell rating and seven have given a hold rating to the company’s stock. EP Energy presently has a consensus rating of “Sell” and a consensus target price of $3.68.

The company has a debt-to-equity ratio of 8.01, a quick ratio of 0.65 and a current ratio of 0.69.

EP Energy (NYSE:EPE) last announced its quarterly earnings data 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. EP Energy had a negative net margin of 25.44% and a negative return on equity of 8.50%. The company had revenue of $219.00 million for the quarter, compared to the consensus estimate of $264.90 million. During the same period in the prior year, the firm posted $0.10 EPS. analysts predict that EP Energy Corporation will post -0.46 earnings per share for the current year.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Wells Fargo & Company MN grew its position in shares of EP Energy by 11.7% in the 2nd quarter. Wells Fargo & Company MN now owns 28,848 shares of the energy producer’s stock valued at $106,000 after buying an additional 3,028 shares during the last quarter. SG Americas Securities LLC purchased a new position in shares of EP Energy in the 3rd quarter valued at $160,000. Rhumbline Advisers grew its position in shares of EP Energy by 0.6% in the 2nd quarter. Rhumbline Advisers now owns 58,536 shares of the energy producer’s stock valued at $214,000 after buying an additional 375 shares during the last quarter. Strs Ohio purchased a new position in shares of EP Energy in the 2nd quarter valued at $292,000. Finally, Virtu KCG Holdings LLC grew its position in shares of EP Energy by 86.4% in the 2nd quarter. Virtu KCG Holdings LLC now owns 82,065 shares of the energy producer’s stock valued at $300,000 after buying an additional 38,029 shares during the last quarter. 68.93% of the stock is currently owned by hedge funds and other institutional investors.

WARNING: This piece was first published by Community Financial News and is the property of of Community Financial News. If you are viewing this piece on another site, it was stolen and republished in violation of U.S. & international copyright & trademark legislation. The legal version of this piece can be viewed at https://www.com-unik.info/2017/12/12/ep-energy-epe-trading-10-1-higher.html.

About EP Energy

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).

What are top analysts saying about EP Energy? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for EP Energy and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit