EP Energy Corp. (NYSE:EPE) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report released on Monday.

According to Zacks, “EP Energy Corporation is involved in the acquisition and development of unconventional onshore oil and natural gas. The company’s assets consist of the Eagle Ford Shale in South Texas, the Wolfcamp Shale in Permian Basin in West Texas, the Altamont field in the Uinta Basin in Utah and the Haynesville Shale in North Louisiana. EP Energy Corporation is based in Houston, United States. “

Other analysts have also recently issued research reports about the stock. Jefferies Group reissued an “underperform” rating and issued a $3.00 target price (up previously from $2.50) on shares of EP Energy Corp. in a research note on Monday, July 18th. Citigroup Inc. reissued a “neutral” rating and issued a $5.00 target price (down previously from $6.50) on shares of EP Energy Corp. in a research note on Monday, July 18th. KLR Group raised shares of EP Energy Corp. from an “accumulate” rating to a “buy” rating and lowered their target price for the company from $7.00 to $6.50 in a research note on Monday, July 18th. Northland Securities raised shares of EP Energy Corp. from an “under perform” rating to a “market perform” rating in a research note on Friday, August 5th. Finally, FBR & Co reissued a “marketperform” rating on shares of EP Energy Corp. in a research note on Monday, September 12th. Seven investment analysts have rated the stock with a sell rating, thirteen have given a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company’s stock. EP Energy Corp. presently has an average rating of “Hold” and an average price target of $4.76.

Analyst Recommendations for EP Energy Corp. (NYSE:EPE)

EP Energy Corp. (NYSE:EPE) traded down 1.96% on Monday, reaching $4.01. 1,797,437 shares of the company’s stock traded hands. The firm’s market capitalization is $1.01 billion. The firm’s 50 day moving average price is $4.10 and its 200 day moving average price is $4.65. EP Energy Corp. has a 52-week low of $1.60 and a 52-week high of $7.44.

EP Energy Corp. (NYSE:EPE) last posted its earnings results on Wednesday, August 3rd. The company reported $0.21 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.17 by $0.04. During the same quarter in the prior year, the firm posted $0.17 earnings per share.

A number of large investors have recently modified their holdings of the stock. Ronald Blue & Co. LLC bought a new stake in shares of EP Energy Corp. during the third quarter valued at about $103,000. BlackRock Advisors LLC increased its stake in shares of EP Energy Corp. by 18.7% in the second quarter. BlackRock Advisors LLC now owns 21,970 shares of the company’s stock valued at $114,000 after buying an additional 3,455 shares in the last quarter. American International Group Inc. increased its stake in shares of EP Energy Corp. by 1,611.4% in the second quarter. American International Group Inc. now owns 22,283 shares of the company’s stock valued at $115,000 after buying an additional 20,981 shares in the last quarter. BlackRock Group LTD increased its stake in shares of EP Energy Corp. by 2,384.7% in the second quarter. BlackRock Group LTD now owns 29,419 shares of the company’s stock valued at $152,000 after buying an additional 28,235 shares in the last quarter. Finally, Metropolitan Life Insurance Co. NY increased its stake in shares of EP Energy Corp. by 3,199.0% in the second quarter. Metropolitan Life Insurance Co. NY now owns 32,693 shares of the company’s stock valued at $169,000 after buying an additional 31,702 shares in the last quarter. 73.23% of the stock is owned by hedge funds and other institutional investors.

EP Energy Corp. 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 diverse base of producing assets and are focused on creating value through the development of its drilling inventory located in four areas: the Eagle Ford Shale (South Texas), the Wolfcamp Shale (Permian Basin in West Texas), the Altamont Field in the Uinta Basin (Northeastern Utah) and the Haynesville Shale (North Louisiana).

5 Day Chart for NYSE:EPE

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