EP Energy Corporation (EPE) Stock Price Up 6.9%
EP Energy Corporation (NYSE:EPE)’s share price rose 6.9% during mid-day trading on Thursday . The stock traded as high as $2.08 and last traded at $2.02. Approximately 1,654,800 shares traded hands during mid-day trading, an increase of 59% from the average daily volume of 1,038,196 shares. The stock had previously closed at $1.89.
EPE has been the subject of several analyst reports. Tudor Pickering cut EP Energy Corporation from a “buy” rating to a “sell” rating in a report on Tuesday, September 5th. Zacks Investment Research raised EP Energy Corporation from a “hold” rating to a “buy” rating and set a $3.50 price objective for the company in a report on Monday, October 9th. Stifel Nicolaus set a $3.00 price objective on EP Energy Corporation and gave the company a “hold” rating in a report on Thursday, October 5th. ValuEngine cut EP Energy Corporation from a “hold” rating to a “sell” rating in a report on Monday, October 2nd. Finally, J P Morgan Chase & Co cut EP Energy Corporation from a “neutral” rating to an “underweight” rating in a report on Thursday, November 2nd. Nine research analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company’s stock. The company presently has an average rating of “Sell” and an average target price of $3.68.
The company has a quick ratio of 0.65, a current ratio of 0.69 and a debt-to-equity ratio of 8.01.
EP Energy Corporation (NYSE:EPE) last announced its quarterly earnings results on Wednesday, November 1st. The energy producer reported ($0.12) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.13) by $0.01. EP Energy Corporation had a negative return on equity of 8.50% and a negative net margin of 25.44%. The firm had revenue of $219.00 million during the quarter, compared to analyst estimates of $264.90 million. During the same quarter in the previous year, the business earned $0.10 EPS. research analysts expect that EP Energy Corporation will post -0.45 earnings per share for the current fiscal year.
Institutional investors have recently made changes to their positions in the stock. American International Group Inc. increased its stake in shares of EP Energy Corporation by 7.1% in the 1st quarter. American International Group Inc. now owns 23,840 shares of the energy producer’s stock valued at $113,000 after purchasing an additional 1,581 shares in the last quarter. Wells Fargo & Company MN increased its stake in EP Energy Corporation by 11.7% during the 2nd 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. KCG Holdings Inc. increased its stake in EP Energy Corporation by 24.4% during the 1st 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. SG Americas Securities LLC purchased a new stake in EP Energy Corporation during the 3rd quarter worth approximately $160,000. Finally, Public Employees Retirement System of Ohio increased its stake in EP Energy Corporation by 7.5% during the 1st quarter. Public Employees Retirement System of Ohio now owns 53,428 shares of the energy producer’s stock worth $254,000 after buying an additional 3,715 shares in the last quarter. Hedge funds and other institutional investors own 69.50% of the company’s stock.
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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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