EP Energy Corporation (NYSE:EPE) was upgraded by stock analysts at ValuEngine from a “sell” rating to a “hold” rating in a note issued to investors on Wednesday.

A number of other equities research analysts also recently issued reports on EPE. Royal Bank Of Canada set a $7.00 price target on shares of EP Energy Corporation and gave the company a “buy” rating in a research note on Saturday, June 17th. BMO Capital Markets reissued a “hold” rating and issued a $3.00 price target on shares of EP Energy Corporation in a research note on Tuesday, August 8th. Citigroup Inc. reduced their price target on shares of EP Energy Corporation from $5.00 to $4.00 and set a “neutral” rating on the stock in a research note on Thursday, July 13th. BidaskClub raised shares of EP Energy Corporation from a “sell” rating to a “hold” rating in a research note on Monday, July 31st. Finally, Tudor Pickering downgraded shares of EP Energy Corporation from a “buy” rating to a “sell” rating in a research note on Tuesday, September 5th. Eight investment analysts have rated the stock with a sell rating, eight have given a hold rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $4.31.

EP Energy Corporation (EPE) traded up 3.01% during trading on Wednesday, hitting $3.08. 614,075 shares of the stock were exchanged. The stock’s market cap is $785.40 million. The stock’s 50 day moving average price is $3.17 and its 200 day moving average price is $3.99. EP Energy Corporation has a 12 month low of $2.70 and a 12 month high of $7.49.

EP Energy Corporation (NYSE:EPE) last released its quarterly earnings results on Wednesday, August 2nd. The energy producer reported ($0.10) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.12) by $0.02. The company had revenue of $296.00 million during the quarter, compared to analysts’ expectations of $275.99 million. During the same period last year, the firm posted $0.21 earnings per share.

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A number of institutional investors and hedge funds have recently made changes to their positions in EPE. King Street Capital Management L.P. increased its stake in EP Energy Corporation by 33.3% during the 1st 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 period. OppenheimerFunds Inc. purchased a new stake in shares of EP Energy Corporation in the 1st quarter valued at approximately $3,349,000. Paloma Partners Management Co increased its position in shares of EP Energy Corporation by 1,930.1% in the 1st quarter. Paloma Partners Management Co now owns 696,510 shares of the energy producer’s stock valued at $3,309,000 after purchasing an additional 662,201 shares during the last quarter. JPMorgan Chase & Co. increased its position in shares of EP Energy Corporation by 8.1% in the 1st quarter. JPMorgan Chase & Co. now owns 5,260,473 shares of the energy producer’s stock valued at $24,988,000 after purchasing an additional 394,669 shares during the last quarter. Finally, Columbia Pacific Advisors LLC increased its position in shares of EP Energy Corporation by 41.7% in the 1st quarter. Columbia Pacific Advisors LLC now owns 1,259,086 shares of the energy producer’s stock valued at $5,981,000 after purchasing an additional 370,233 shares during the last quarter. 70.42% of the stock is currently owned by hedge funds and other institutional investors.

EP Energy Corporation 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 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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