EP Energy (NYSE:EPE) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report released on Wednesday. The firm presently has a $2.50 price target on the energy producer’s stock. Zacks Investment Research‘s target price would indicate a potential upside of 0.81% from the stock’s current price.

According to Zacks, “EP Energy Corporation is involved in the acquisition and development of unconventional onshore oil and natural gas. The company’s assets consist of the Eagle Ford Shale in South Texas, the Wolfcamp Shale in Permian Basin in West Texas, the Altamont field in the Uinta Basin in Utah and the Haynesville Shale in North Louisiana. EP Energy Corporation is based in Houston, United States. “

A number of other research firms have also commented on EPE. ValuEngine raised EP Energy from a “sell” rating to a “hold” rating in a research report on Thursday, November 9th. Royal Bank of Canada set a $3.00 target price on EP Energy and gave the company a “hold” rating in a research report on Wednesday, December 20th. JPMorgan Chase & Co. lowered EP Energy from a “neutral” rating to an “underweight” rating in a research report on Thursday, November 2nd. Robert W. Baird lifted their target price on EP Energy from $2.00 to $5.00 and gave the company an “outperform” rating in a research report on Tuesday, January 2nd. Finally, BMO Capital Markets set a $3.00 target price on EP Energy and gave the company a “hold” rating in a research report on Tuesday, October 10th. Nine equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $3.54.

EP Energy (NYSE:EPE) traded up $0.01 during midday trading on Wednesday, hitting $2.48. The stock had a trading volume of 658,710 shares, compared to its average volume of 902,782. The company has a current ratio of 0.69, a quick ratio of 0.65 and a debt-to-equity ratio of 8.01. EP Energy has a 52 week low of $1.54 and a 52 week high of $6.32.

EP Energy (NYSE:EPE) last released its quarterly earnings results 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 company had revenue of $219.00 million for the quarter, compared to analyst estimates of $264.90 million. EP Energy had a negative return on equity of 8.50% and a negative net margin of 25.44%. During the same quarter last year, the firm posted $0.10 earnings per share. research analysts anticipate that EP Energy will post -0.42 earnings per share for the current fiscal year.

A number of hedge funds have recently bought and sold shares of the business. JPMorgan Chase & Co. grew its stake in EP Energy 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 purchasing an additional 52,904 shares in the last quarter. Vanguard Group Inc. grew its stake in EP Energy 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 purchasing an additional 9,068 shares in the last quarter. Northern Trust Corp grew its stake in EP Energy 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 purchasing an additional 32,018 shares in the last quarter. Parametric Portfolio Associates LLC grew its stake in EP Energy by 1.1% in the second quarter. Parametric Portfolio Associates LLC now owns 817,432 shares of the energy producer’s stock valued at $2,992,000 after purchasing an additional 8,690 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in EP Energy by 0.4% in the second quarter. Dimensional Fund Advisors LP now owns 809,282 shares of the energy producer’s stock valued at $2,962,000 after purchasing an additional 2,919 shares in the last quarter. Hedge funds and other institutional investors own 68.89% of the company’s stock.

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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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