EP Energy Corporation (EPE) Raised to Hold at ValuEngine

ValuEngine upgraded shares of EP Energy Corporation (NYSE:EPE) from a sell rating to a hold rating in a report released on Wednesday morning.

A number of other brokerages have also weighed in on EPE. Royal Bank Of Canada lowered shares of EP Energy Corporation from an outperform rating to a sector perform rating and cut their target price for the company from $7.00 to $4.50 in a research note on Thursday, July 20th. BidaskClub raised shares of EP Energy Corporation from a sell rating to a hold rating in a research note on Monday, July 31st. Bank of America Corporation started coverage on shares of EP Energy Corporation in a research note on Wednesday, July 19th. They set an underperform rating and a $4.00 target price on the stock. Credit Suisse Group lowered shares of EP Energy Corporation from a neutral rating to an underperform rating in a research note on Thursday, June 1st. Finally, Scotiabank lowered shares of EP Energy Corporation from a sector perform rating to an underperform rating and cut their target price for the company from $4.00 to $3.00 in a research note on Thursday, June 29th. Eight investment analysts have rated the stock with a sell rating, eight have given a hold rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of Hold and a consensus price target of $4.31.

EP Energy Corporation (NYSE EPE) traded down 1.32% during trading on Wednesday, hitting $3.00. 728,422 shares of the stock were exchanged. EP Energy Corporation has a 52 week low of $2.70 and a 52 week high of $7.49. The stock’s market cap is $765.00 million. The stock has a 50 day moving average of $3.12 and a 200-day moving average of $3.96.

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

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A number of large investors have recently bought and sold shares of the stock. Rhumbline Advisers boosted its stake in EP Energy Corporation by 0.6% during the second quarter. Rhumbline Advisers now owns 58,536 shares of the energy producer’s stock worth $214,000 after acquiring an additional 375 shares in the last quarter. Ronald Blue & Co. LLC boosted its stake in EP Energy Corporation by 4.8% during the first quarter. Ronald Blue & Co. LLC now owns 22,289 shares of the energy producer’s stock worth $106,000 after acquiring an additional 1,024 shares in the last quarter. American International Group Inc. boosted its stake in EP Energy Corporation by 7.1% during the first quarter. American International Group Inc. now owns 23,840 shares of the energy producer’s stock worth $113,000 after acquiring an additional 1,581 shares in the last quarter. Alliancebernstein L.P. boosted its stake in EP Energy Corporation by 1.2% during the first quarter. Alliancebernstein L.P. now owns 170,762 shares of the energy producer’s stock worth $811,000 after acquiring an additional 2,100 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in EP Energy Corporation by 0.4% during the second quarter. Dimensional Fund Advisors LP now owns 809,282 shares of the energy producer’s stock worth $2,962,000 after acquiring an additional 2,919 shares in the last quarter. 70.42% of the stock is currently owned by institutional investors and hedge funds.

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).

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for EP Energy Corporation (NYSE:EPE)

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