Insider Selling: EP Energy Corp. (EPE) VP Sells $20,441.52 in Stock
EP Energy Corp. (NYSE:EPE) VP Francis C. Olmsted III sold 5,742 shares of the business’s stock in a transaction dated Monday, November 14th. The shares were sold at an average price of $3.56, for a total value of $20,441.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
EP Energy Corp. (NYSE:EPE) traded up 0.24% during midday trading on Friday, reaching $4.18. The company’s stock had a trading volume of 417,800 shares. The stock’s 50 day moving average price is $4.04 and its 200-day moving average price is $4.56. EP Energy Corp. has a one year low of $1.60 and a one year high of $7.44. The stock’s market cap is $1.06 billion.
EP Energy Corp. (NYSE:EPE) last posted its earnings results on Wednesday, October 26th. The company reported $0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by $0.11. During the same period last year, the firm earned $0.26 EPS.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in EP Energy Corp. by 92.0% in the second quarter. Vanguard Group Inc. now owns 4,768,504 shares of the company’s stock valued at $24,700,000 after buying an additional 2,285,445 shares during the period. JPMorgan Chase & Co. increased its position in EP Energy Corp. by 150.0% in the second quarter. JPMorgan Chase & Co. now owns 2,602,084 shares of the company’s stock valued at $13,479,000 after buying an additional 1,561,209 shares during the period. BlackRock Fund Advisors increased its position in EP Energy Corp. by 195.1% in the second quarter. BlackRock Fund Advisors now owns 956,664 shares of the company’s stock valued at $4,956,000 after buying an additional 632,521 shares during the period. Jacobs Levy Equity Management Inc. increased its position 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. Finally, Sterling Capital Management LLC bought a new position in EP Energy Corp. during the second quarter valued at $2,701,000. Hedge funds and other institutional investors own 73.70% of the company’s stock.
A number of research firms have commented on EPE. Zacks Investment Research lowered EP Energy Corp. from a “buy” rating to a “hold” rating in a research report on Friday, July 29th. Vetr raised EP Energy Corp. from a “hold” rating to a “strong-buy” rating and set a $5.84 target price for the company in a research report on Monday, August 22nd. Jefferies Group set a $3.00 target price on EP Energy Corp. and gave the stock a “sell” rating in a research report on Tuesday, October 18th. JPMorgan Chase & Co. reissued a “hold” rating on shares of EP Energy Corp. in a research report on Monday, August 15th. Finally, Goldman Sachs Group Inc. raised EP Energy Corp. from a “sell” rating to a “neutral” rating and increased their target price for the stock from $3.62 to $5.00 in a research report on Wednesday, September 21st. Seven analysts have rated the stock with a sell rating, twelve have given a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $4.56.
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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