EP Energy (EPE) Trading 7.4% Higher

EP Energy Corp (NYSE:EPE)’s share price shot up 7.4% on Monday . The company traded as high as $2.50 and last traded at $2.48. 888,350 shares were traded during trading, an increase of 4% from the average session volume of 850,550 shares. The stock had previously closed at $2.31.

A number of brokerages recently weighed in on EPE. Zacks Investment Research lowered shares of EP Energy from a “buy” rating to a “hold” rating in a research report on Monday. ValuEngine lowered shares of EP Energy from a “sell” rating to a “strong sell” rating in a research report on Sunday, December 31st. Robert W. Baird began coverage on shares of EP Energy in a research report on Tuesday, December 19th. They set an “outperform” rating and a $2.00 target price for the company. Jefferies Group restated an “underperform” rating and set a $1.00 target price on shares of EP Energy in a research report on Tuesday, October 10th. Finally, Royal Bank of Canada set a $3.00 target price on shares of EP Energy and gave the stock a “hold” rating in a research report on Wednesday, December 20th. Eight research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $3.52.

The company has a current ratio of 0.69, a quick ratio of 0.65 and a debt-to-equity ratio of 8.01. The firm has a market cap of $633.95, a PE ratio of -2.32 and a beta of 4.44.

EP Energy (NYSE:EPE) last released its quarterly earnings data on Wednesday, November 1st. The energy producer reported ($0.12) EPS for the quarter, beating the Thomson Reuters’ 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 business had revenue of $219.00 million during the quarter, compared to analyst estimates of $264.90 million. During the same quarter last year, the business earned $0.10 earnings per share. analysts anticipate that EP Energy Corp will post -0.42 earnings per share for the current year.

A number of hedge funds have recently added to or reduced their stakes in the business. Schwab Charles Investment Management Inc. lifted its position in EP Energy by 207.8% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 186,220 shares of the energy producer’s stock valued at $440,000 after purchasing an additional 125,720 shares during the last quarter. SG Americas Securities LLC bought a new stake in shares of EP Energy in the 3rd quarter worth about $160,000. State Street Corp lifted its holdings in shares of EP Energy by 3.4% in the 2nd quarter. State Street Corp now owns 674,288 shares of the energy producer’s stock worth $2,469,000 after acquiring an additional 22,030 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of EP Energy by 0.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 809,282 shares of the energy producer’s stock worth $2,962,000 after acquiring an additional 2,919 shares during the last quarter. Finally, Virtu KCG Holdings LLC lifted its holdings 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 worth $300,000 after acquiring an additional 38,029 shares during the last quarter. Institutional investors and hedge funds own 68.89% of the company’s stock.

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EP Energy 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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