EP Energy Corporation (EPE) Given a $5.00 Price Target at Royal Bank Of Canada
EPE has been the subject of several other reports. Credit Suisse Group lowered shares of EP Energy Corporation from a neutral rating to an underperform rating in a research note on Thursday, June 1st. BidaskClub lowered shares of EP Energy Corporation from a sell rating to a strong sell rating in a research note on Saturday, June 10th. Citigroup Inc. cut their target price on shares of EP Energy Corporation from $5.00 to $4.00 and set a neutral rating for the company in a research note on Thursday, July 13th. Bank of America Corporation started coverage on shares of EP Energy Corporation in a research note on Wednesday, July 19th. They set an underperform rating and a $4.00 target price for the company. Finally, FBR & Co set a $5.00 target price on shares of EP Energy Corporation and gave the company a hold rating in a research note on Tuesday, May 16th. Eight equities research analysts have rated the stock with a sell rating, seven have given a hold rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of Hold and a consensus target price of $4.31.
Shares of EP Energy Corporation (NYSE:EPE) opened at 3.00 on Thursday. EP Energy Corporation has a 1-year low of $3.00 and a 1-year high of $7.49. The firm’s 50-day moving average price is $3.36 and its 200 day moving average price is $4.16. The stock’s market capitalization is $765.00 million.
EP Energy Corporation (NYSE:EPE) last released its earnings results on Wednesday, August 2nd. The energy producer reported ($0.10) EPS for the quarter, beating the consensus estimate of ($0.12) by $0.02. The business had revenue of $296 million for the quarter, compared to analyst estimates of $275.99 million. During the same period in the prior year, the company earned $0.21 earnings per share.
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Several large investors have recently added to or reduced their stakes in EPE. Ronald Blue & Co. LLC raised its stake in EP Energy Corporation by 4.8% in the first quarter. Ronald Blue & Co. LLC now owns 22,289 shares of the energy producer’s stock worth $106,000 after buying an additional 1,024 shares in the last quarter. American International Group Inc. raised its stake in EP Energy Corporation by 7.1% in the first 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 in the last quarter. Metropolitan Life Insurance Co. NY purchased a new stake in EP Energy Corporation during the fourth quarter worth about $168,000. Wells Fargo & Company MN raised its stake in EP Energy Corporation by 11.7% in the second 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 in the last quarter. Finally, KCG Holdings Inc. raised its stake in EP Energy Corporation by 24.4% in the first 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 in the last quarter. Institutional investors and hedge funds own 70.42% 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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