EP Energy Corp. (EPE) Given a $3.00 Price Target by Jefferies Group Analysts
EP Energy Corp. (NYSE:EPE) has been assigned a $3.00 price objective by Jefferies Group in a research report issued to clients and investors on Tuesday. The firm presently has a a “sell” rating on the stock. Jefferies Group’s price target suggests a potential downside of 28.40% from the stock’s current price.
EPE has been the subject of a number of other reports. Zacks Investment Research lowered shares of EP Energy Corp. from a “buy” rating to a “hold” rating in a research note on Friday, July 29th. Citigroup Inc. reaffirmed a “neutral” rating and issued a $5.00 price objective (down from $6.50) on shares of EP Energy Corp. in a research note on Monday, July 18th. Vetr raised shares of EP Energy Corp. from a “hold” rating to a “strong-buy” rating and set a $5.84 price objective for the company in a research note on Monday, August 22nd. JPMorgan Chase & Co. reaffirmed a “hold” rating on shares of EP Energy Corp. in a research note on Monday, August 15th. Finally, Goldman Sachs Group Inc. raised shares of EP Energy Corp. from a “sell” rating to a “neutral” rating and upped their price objective for the stock from $3.62 to $5.00 in a research note on Wednesday, September 21st. Seven equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, two have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $4.76.
Shares of EP Energy Corp. (NYSE:EPE) traded up 5.49% during mid-day trading on Tuesday, hitting $4.42. 2,206,233 shares of the stock were exchanged. The stock’s market cap is $1.12 billion. The stock’s 50 day moving average is $4.09 and its 200-day moving average is $4.64. EP Energy Corp. has a 12 month low of $1.60 and a 12 month high of $7.44.
EP Energy Corp. (NYSE:EPE) last issued its earnings results on Wednesday, August 3rd. The company reported $0.21 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.17 by $0.04. During the same quarter in the previous year, the business earned $0.17 EPS.
Large investors have recently added to or reduced their stakes in the company. BlackRock Advisors LLC raised its stake in 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. raised its stake in 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. Ronald Blue & Co. LLC bought a new stake in EP Energy Corp. during the third quarter valued at approximately $103,000. BlackRock Group LTD raised its stake in 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 raised its stake in 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. Institutional investors and hedge funds own 73.23% of the company’s stock.
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).
Receive News & Stock Ratings for EP Energy Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for EP Energy Corp. and related stocks with our FREE daily email newsletter.