BMO Capital Markets Reaffirms “Hold” Rating for EP Energy Corporation (NYSE:EPE)
BMO Capital Markets restated their hold rating on shares of EP Energy Corporation (NYSE:EPE) in a research note issued to investors on Tuesday. BMO Capital Markets currently has a $3.00 price target on the energy producer’s stock.
A number of other equities research analysts also recently weighed in on EPE. Stifel Nicolaus started coverage on EP Energy Corporation in a research report on Thursday, April 13th. They set a hold rating and a $5.00 target price on the stock. Jefferies Group LLC reissued an underperform rating and set a $4.00 target price (up from $3.50) on shares of EP Energy Corporation in a research report on Sunday, April 23rd. Citigroup Inc. raised EP Energy Corporation from a sell rating to a neutral rating and lifted their target price for the stock from $5.00 to $6.00 in a research report on Tuesday, May 9th. FBR & Co set a $5.00 target price on EP Energy Corporation and gave the stock a hold rating in a research report on Tuesday, May 16th. Finally, Credit Suisse Group downgraded EP Energy Corporation from a neutral rating to an underperform rating in a research report on Thursday, June 1st. Eight analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has given a strong buy rating to the company. EP Energy Corporation presently has a consensus rating of Hold and a consensus price target of $4.27.
EP Energy Corporation (NYSE:EPE) traded up 3.12% on Tuesday, reaching $3.31. The company’s stock had a trading volume of 521,846 shares. The firm’s market capitalization is $844.05 million. EP Energy Corporation has a 52 week low of $3.15 and a 52 week high of $7.49. The stock’s 50 day moving average is $3.49 and its 200-day moving average is $4.35.
EP Energy Corporation (NYSE:EPE) last released its earnings results on Wednesday, August 2nd. The energy producer reported ($0.10) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.12) by $0.02. The firm had revenue of $296 million for the quarter, compared to analyst estimates of $275.99 million. During the same period last year, the business earned $0.21 earnings per share.
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Large investors have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. increased its stake in EP Energy Corporation by 1.0% in the second quarter. JPMorgan Chase & Co. now owns 5,313,377 shares of the energy producer’s stock worth $19,447,000 after buying an additional 52,904 shares during the last quarter. King Street Capital Management L.P. increased its stake in EP Energy Corporation by 33.3% in the first quarter. King Street Capital Management L.P. now owns 4,000,000 shares of the energy producer’s stock worth $19,000,000 after buying an additional 1,000,000 shares during the last quarter. Vanguard Group Inc. increased its stake in EP Energy Corporation by 0.3% in the second quarter. Vanguard Group Inc. now owns 3,459,190 shares of the energy producer’s stock worth $12,660,000 after buying an additional 9,068 shares during the last quarter. Northern Trust Corp increased its stake in EP Energy Corporation by 1.8% in the second quarter. Northern Trust Corp now owns 1,794,632 shares of the energy producer’s stock worth $6,568,000 after buying an additional 32,018 shares during the last quarter. Finally, Columbia Pacific Advisors LLC increased its stake in EP Energy Corporation by 41.7% in the first quarter. Columbia Pacific Advisors LLC now owns 1,259,086 shares of the energy producer’s stock worth $5,981,000 after buying an additional 370,233 shares during the last quarter. 72.32% of the stock is currently owned by institutional investors.
About EP Energy Corporation
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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