EP Energy (EPE) Trading 6% Higher

EP Energy Corporation (NYSE:EPE)’s share price traded up 6% during trading on Tuesday . The stock traded as high as $1.95 and last traded at $1.93. 988,400 shares traded hands during trading, a decline of 5% from the average session volume of 1,040,784 shares. The stock had previously closed at $1.82.

Several equities analysts have issued reports on the company. Robert W. Baird assumed coverage on EP Energy in a research report on Tuesday. They issued an “outperform” rating and a $2.00 price objective for the company. ValuEngine downgraded EP Energy from a “sell” rating to a “strong sell” rating in a research report on Friday, December 1st. J P Morgan Chase & Co downgraded EP Energy from a “neutral” rating to an “underweight” rating in a research report on Thursday, November 2nd. Zacks Investment Research downgraded EP Energy from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 11th. Finally, BMO Capital Markets set a $3.00 price objective on EP Energy and gave the company a “hold” rating in a research report on Tuesday, October 10th. Nine analysts have rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the company’s stock. EP Energy currently has an average rating of “Hold” and an average target price of $3.54.

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, topping analysts’ consensus estimates of ($0.13) by $0.01. EP Energy had a negative return on equity of 8.50% and a negative net margin of 25.44%. The business had revenue of $219.00 million during the quarter, compared to analysts’ expectations of $264.90 million. During the same period in the previous year, the firm earned $0.10 earnings per share. research analysts anticipate that EP Energy Corporation will post -0.46 EPS for the current fiscal year.

Several institutional investors have recently made changes to their positions in EPE. JPMorgan Chase & Co. grew its stake in EP Energy by 1.0% in the second 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 period. Vanguard Group Inc. grew its stake in EP Energy by 0.3% in the second 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 period. Northern Trust Corp grew its stake in EP Energy by 1.8% in the second 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 period. Parametric Portfolio Associates LLC grew its stake in EP Energy by 1.1% in the second 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 period. Finally, Dimensional Fund Advisors LP boosted its position in shares of EP Energy by 0.4% during the second quarter. Dimensional Fund Advisors LP now owns 809,282 shares of the energy producer’s stock worth $2,962,000 after buying an additional 2,919 shares during the period. 68.89% of the stock is owned by institutional investors and hedge funds.

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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).

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