EP Energy Corporation (EPE) Upgraded to Buy by Zacks Investment Research

Zacks Investment Research upgraded shares of EP Energy Corporation (NYSE:EPE) from a hold rating to a buy rating in a research report released on Monday. Zacks Investment Research currently has $3.50 price target on the energy producer’s stock.

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. “

EPE has been the subject of several other reports. Jefferies Group LLC set a $4.00 price objective on EP Energy Corporation and gave the stock a sell rating in a research report on Wednesday, July 19th. Stifel Nicolaus set a $3.00 price objective on EP Energy Corporation and gave the stock a hold rating in a research report on Thursday, October 5th. Tudor Pickering downgraded EP Energy Corporation from a buy rating to a sell rating in a research report on Tuesday, September 5th. BidaskClub downgraded EP Energy Corporation from a hold rating to a sell rating in a research report on Tuesday, July 11th. Finally, ValuEngine upgraded EP Energy Corporation from a sell rating to a hold rating in a research report on Wednesday, September 13th. Eight research analysts have rated the stock with a sell rating, six have assigned a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. EP Energy Corporation currently has an average rating of Hold and a consensus target price of $4.02.

Shares of EP Energy Corporation (NYSE:EPE) opened at 3.37 on Monday. The company’s 50-day moving average price is $3.10 and its 200 day moving average price is $3.82. The company’s market cap is $859.35 million. EP Energy Corporation has a 1-year low of $2.70 and a 1-year high of $7.49.

EP Energy Corporation (NYSE:EPE) last announced its quarterly earnings data on Wednesday, August 2nd. The energy producer reported ($0.10) earnings per share for the quarter, topping the consensus estimate of ($0.12) by $0.02. The business had revenue of $296.00 million for the quarter, compared to the consensus estimate of $275.99 million. During the same quarter in the prior year, the company earned $0.21 earnings per share.

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A number of institutional investors and hedge funds have recently modified their holdings of the business. Rhumbline Advisers increased its holdings in EP Energy Corporation by 0.6% in the 2nd quarter. Rhumbline Advisers now owns 58,536 shares of the energy producer’s stock worth $214,000 after purchasing an additional 375 shares in the last quarter. American International Group Inc. increased its holdings in EP Energy Corporation by 7.1% in the 1st quarter. American International Group Inc. now owns 23,840 shares of the energy producer’s stock worth $113,000 after purchasing an additional 1,581 shares in the last quarter. Alliancebernstein L.P. increased its holdings in EP Energy Corporation by 1.2% in the 1st quarter. Alliancebernstein L.P. now owns 170,762 shares of the energy producer’s stock worth $811,000 after purchasing an additional 2,100 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in EP Energy Corporation by 0.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 809,282 shares of the energy producer’s stock worth $2,962,000 after purchasing an additional 2,919 shares in the last quarter. Finally, Wells Fargo & Company MN increased its holdings in EP Energy Corporation by 11.7% in the 2nd quarter. Wells Fargo & Company MN now owns 28,848 shares of the energy producer’s stock worth $106,000 after purchasing an additional 3,028 shares in the last quarter. 70.42% of the stock is owned by institutional investors and hedge funds.

About EP Energy Corporation

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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