EP Energy Corporation (NYSE:EPE) shares were up 12% during mid-day trading on Tuesday . The company traded as high as $2.90 and last traded at $2.89. Approximately 1,309,617 shares were traded during mid-day trading, an increase of 105% from the average daily volume of 640,219 shares. The stock had previously closed at $2.58.

A number of research analysts recently issued reports on EPE shares. BidaskClub cut EP Energy Corporation from a “hold” rating to a “sell” rating in a report on Tuesday, July 11th. Citigroup Inc. cut their price target on EP Energy Corporation from $5.00 to $4.00 and set a “neutral” rating for the company in a report on Thursday, July 13th. Jefferies Group LLC set a $4.00 price target on EP Energy Corporation and gave the company a “sell” rating in a report on Wednesday, July 19th. Bank of America Corporation started coverage on EP Energy Corporation in a report on Wednesday, July 19th. They issued an “underperform” rating and a $4.00 price target for the company. Finally, ValuEngine raised EP Energy Corporation from a “strong sell” rating to a “sell” rating in a report on Wednesday, July 19th. Nine equities research analysts have rated the stock with a sell rating and seven have given a hold rating to the company’s stock. EP Energy Corporation has an average rating of “Sell” and an average target price of $3.68.

The company has a current ratio of 0.70, a quick ratio of 0.67 and a debt-to-equity ratio of 6.84.

EP Energy Corporation (NYSE:EPE) last announced its quarterly earnings data on Wednesday, November 1st. The energy producer reported ($0.12) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.13) by $0.01. The firm had revenue of $219.00 million during the quarter, compared to analyst estimates of $264.90 million. EP Energy Corporation had a negative return on equity of 8.19% and a negative net margin of 25.44%. During the same period last year, the company earned $0.10 earnings per share. research analysts predict that EP Energy Corporation will post -0.45 EPS for the current fiscal year.

A number of hedge funds have recently made changes to their positions in EPE. JPMorgan Chase & Co. grew its position in shares of EP Energy Corporation by 1.0% during the 2nd 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 period. Bank of America Corp DE grew its position in shares of EP Energy Corporation by 62.2% during the 1st quarter. Bank of America Corp DE now owns 223,298 shares of the energy producer’s stock worth $1,060,000 after buying an additional 85,614 shares during the period. American International Group Inc. grew its position in shares of EP Energy Corporation by 7.1% during the 1st quarter. American International Group Inc. now owns 23,840 shares of the energy producer’s stock worth $113,000 after buying an additional 1,581 shares during the period. Virtu KCG Holdings LLC grew its position in shares of EP Energy Corporation by 86.4% during the 2nd quarter. Virtu KCG Holdings LLC now owns 82,065 shares of the energy producer’s stock worth $300,000 after buying an additional 38,029 shares during the period. Finally, Parametric Portfolio Associates LLC grew its position in shares of EP Energy Corporation by 1.1% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 817,432 shares of the energy producer’s stock worth $2,992,000 after buying an additional 8,690 shares during the period. Hedge funds and other institutional investors own 70.14% of the company’s stock.

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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).

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