EP Energy (EPE) Shares Down 10.1%
Shares of EP Energy Corporation (NYSE:EPE) fell 10.1% during mid-day trading on Thursday . The stock traded as low as $1.60 and last traded at $1.60. 1,538,400 shares were traded during trading, an increase of 48% from the average session volume of 1,039,664 shares. The stock had previously closed at $1.78.
A number of research firms have recently weighed in on EPE. ValuEngine upgraded shares of EP Energy from a “sell” rating to a “hold” rating in a report on Wednesday, September 13th. Zacks Investment Research lowered shares of EP Energy from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 11th. Jefferies Group reiterated an “underperform” rating and set a $1.00 target price on shares of EP Energy in a report on Tuesday, October 10th. BMO Capital Markets set a $3.00 target price on shares of EP Energy and gave the stock a “hold” rating in a report on Tuesday, October 10th. Finally, Royal Bank Of Canada set a $5.00 target price on shares of EP Energy and gave the stock a “hold” rating in a report on Thursday, August 24th. Nine equities research analysts have rated the stock with a sell rating and seven have issued a hold rating to the company. The company currently has an average rating of “Sell” and an average price target of $3.68.
The company has a current ratio of 0.69, a quick ratio of 0.65 and a debt-to-equity ratio of 8.01.
Hedge funds have recently added to or reduced their stakes in the stock. Wells Fargo & Company MN raised its stake in EP Energy by 11.7% in the second quarter. Wells Fargo & Company MN now owns 28,848 shares of the energy producer’s stock worth $106,000 after buying an additional 3,028 shares in the last quarter. SG Americas Securities LLC bought a new position in EP Energy in the third quarter worth about $160,000. Rhumbline Advisers raised its stake in EP Energy by 0.6% in the second quarter. Rhumbline Advisers now owns 58,536 shares of the energy producer’s stock worth $214,000 after buying an additional 375 shares in the last quarter. Strs Ohio bought a new position in EP Energy in the second quarter worth about $292,000. Finally, Virtu KCG Holdings LLC raised its stake in EP Energy by 86.4% in the second 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 in the last quarter. 68.93% of the stock is owned by institutional investors.
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EP Energy 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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