EP Energy (EPE) Shares Down 0%

EP Energy Corp (NYSE:EPE)’s share price was down 0% during trading on Monday . The stock traded as low as $2.30 and last traded at $2.33. Approximately 1,400,000 shares traded hands during mid-day trading, an increase of 35% from the average daily volume of 1,040,000 shares. The stock had previously closed at $2.33.

Several equities analysts recently commented on EPE shares. ValuEngine downgraded EP Energy from a “hold” rating to a “sell” rating in a research note on Wednesday, November 15th. Zacks Investment Research upgraded EP Energy from a “hold” rating to a “buy” rating and set a $3.50 price objective on the stock in a research note on Monday, October 9th. JPMorgan Chase & Co. downgraded EP Energy from a “neutral” rating to an “underweight” rating in a research note on Thursday, November 2nd. Jefferies Group reiterated an “underperform” rating and issued a $1.00 price objective on shares of EP Energy in a research note on Tuesday, October 10th. Finally, Stifel Nicolaus set a $3.00 target price on shares of EP Energy and gave the company a “hold” rating in a report on Thursday, October 5th. Nine research analysts have rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the company. EP Energy currently has an average rating of “Hold” and an average price target of $3.63.

The company has a debt-to-equity ratio of 8.01, a quick ratio of 0.65 and a current ratio of 0.69. The company has a market capitalization of $595.61, a price-to-earnings ratio of -2.18 and a beta of 4.44.

EP Energy (NYSE:EPE) last issued its earnings results on Wednesday, November 1st. The energy producer reported ($0.12) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 business had revenue of $219.00 million for the quarter, compared to analysts’ expectations of $264.90 million. During the same quarter in the previous year, the firm posted $0.10 EPS. equities research analysts expect that EP Energy Corp will post -0.42 EPS for the current year.

Hedge funds have recently modified their holdings of the business. SG Americas Securities LLC bought a new position in shares of EP Energy in the third quarter worth $160,000. State Street Corp increased its holdings in shares of EP Energy by 3.4% in the second quarter. State Street Corp now owns 674,288 shares of the energy producer’s stock worth $2,469,000 after purchasing an additional 22,030 shares during the period. Dimensional Fund Advisors LP increased its holdings in shares of EP Energy by 0.4% in the second quarter. Dimensional Fund Advisors LP now owns 809,282 shares of the energy producer’s stock worth $2,962,000 after purchasing an additional 2,919 shares during the period. Virtu KCG Holdings LLC increased its holdings in shares of EP Energy by 86.4% in the second quarter. Virtu KCG Holdings LLC now owns 82,065 shares of the energy producer’s stock worth $300,000 after purchasing an additional 38,029 shares during the period. Finally, Parametric Portfolio Associates LLC increased its holdings in shares of EP Energy by 1.1% in the second quarter. Parametric Portfolio Associates LLC now owns 817,432 shares of the energy producer’s stock worth $2,992,000 after purchasing an additional 8,690 shares during the period. 68.89% of the stock is currently 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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