Brokerages Set EP Energy Corp. (EPE) PT at $4.85
Shares of EP Energy Corp. (NYSE:EPE) have earned an average recommendation of “Hold” from the twenty-three ratings firms that are presently covering the company. Seven research analysts have rated the stock with a sell recommendation, twelve have assigned a hold recommendation, two have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $4.85.
Several equities research analysts have commented on EPE shares. KLR Group upgraded shares of EP Energy Corp. from an “accumulate” rating to a “buy” rating and decreased their price objective for the company from $7.00 to $6.50 in a research note on Monday, July 18th. Jefferies Group reiterated an “underperform” rating and issued a $3.00 price objective (up previously from $2.50) on shares of EP Energy Corp. in a research note on Monday, July 18th. Citigroup Inc. reiterated a “neutral” rating and issued a $5.00 price objective (down previously from $6.50) on shares of EP Energy Corp. in a research note on Monday, July 18th. 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. Finally, Northland Securities raised shares of EP Energy Corp. from an “under perform” rating to a “market perform” rating in a research report on Friday, August 5th.
EP Energy Corp. (NYSE:EPE) opened at 3.62 on Wednesday. The firm’s market capitalization is $913.68 million. EP Energy Corp. has a one year low of $1.60 and a one year high of $7.44. The stock has a 50 day moving average price of $4.02 and a 200-day moving average price of $4.58.
EP Energy Corp. (NYSE:EPE) last posted its quarterly earnings data on Wednesday, October 26th. The company reported $0.10 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.21 by $0.11. During the same quarter in the previous year, the firm posted $0.26 EPS.
Several hedge funds have recently bought and sold shares of EPE. JPMorgan Chase & Co. boosted its stake in EP Energy Corp. by 3,071.5% in the first quarter. JPMorgan Chase & Co. now owns 1,040,875 shares of the company’s stock valued at $4,705,000 after buying an additional 1,008,055 shares during the period. First Quadrant L P CA bought a new stake in EP Energy Corp. during the second quarter valued at $843,000. Jacobs Levy Equity Management Inc. boosted its stake in EP Energy Corp. by 312.9% in the first quarter. Jacobs Levy Equity Management Inc. now owns 720,038 shares of the company’s stock valued at $3,255,000 after buying an additional 545,638 shares during the period. Lucus Advisors LLC bought a new stake in EP Energy Corp. during the second quarter valued at $307,000. Finally, Airain ltd bought a new stake in EP Energy Corp. during the second quarter valued at $325,000. Hedge funds and other institutional investors own 73.31% of the company’s stock.
About EP Energy Corp.
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).
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