EP Energy Corporation (NYSE:EPE) has been assigned a $5.00 price target by stock analysts at Royal Bank Of Canada in a report released on Thursday. The brokerage currently has a “hold” rating on the energy producer’s stock. Royal Bank Of Canada’s price target suggests a potential upside of 66.67% from the company’s previous close.

Other research analysts have also recently issued reports about the stock. Scotiabank cut shares of EP Energy Corporation from a “sector perform” rating to an “underperform” rating and dropped their target price for the stock from $4.00 to $3.00 in a report on Thursday, June 29th. ValuEngine upgraded shares of EP Energy Corporation from a “strong sell” rating to a “sell” rating in a report on Wednesday, July 19th. Citigroup Inc. cut shares of EP Energy Corporation from a “neutral” rating to a “sell” rating and dropped their target price for the stock from $4.00 to $3.00 in a report on Friday, July 21st. Jefferies Group LLC set a $4.00 target price on shares of EP Energy Corporation and gave the stock a “sell” rating in a report on Wednesday, July 19th. Finally, BidaskClub cut shares of EP Energy Corporation from a “hold” rating to a “sell” rating in a report on Tuesday, July 11th. Eight investment analysts have rated the stock with a sell rating, seven have given a hold rating and one has given a strong buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $4.31.

EP Energy Corporation (NYSE EPE) opened at 3.00 on Thursday. The firm’s market cap is $765.00 million. The stock’s 50 day moving average is $3.36 and its 200 day moving average is $4.16. EP Energy Corporation has a one year low of $3.00 and a one year high of $7.49.

EP Energy Corporation (NYSE:EPE) last issued its earnings results on Wednesday, August 2nd. The energy producer reported ($0.10) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.12) by $0.02. The business had revenue of $296 million for the quarter, compared to the consensus estimate of $275.99 million. During the same quarter in the previous year, the company earned $0.21 earnings per share.

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Institutional investors have recently made changes to their positions in the stock. JPMorgan Chase & Co. raised its position in shares of 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 valued at $19,447,000 after buying an additional 52,904 shares during the last quarter. King Street Capital Management L.P. raised its position in shares of 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 valued at $19,000,000 after buying an additional 1,000,000 shares during the last quarter. Vanguard Group Inc. raised its position in shares of 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 valued at $12,660,000 after buying an additional 9,068 shares during the last quarter. Northern Trust Corp raised its position in shares of 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 valued at $6,568,000 after buying an additional 32,018 shares during the last quarter. Finally, Columbia Pacific Advisors LLC raised its position in shares of 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 valued at $5,981,000 after buying an additional 370,233 shares during the last quarter. 72.03% of the stock is owned by hedge funds and other 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).

Analyst Recommendations for EP Energy Corporation (NYSE:EPE)

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