EP Energy Corporation (EPE) Given a $3.00 Price Target at BMO Capital Markets

BMO Capital Markets set a $3.00 price target on EP Energy Corporation (NYSE:EPE) in a report published on Tuesday. The brokerage currently has a hold rating on the energy producer’s stock.

A number of other brokerages have also recently issued reports on EPE. Citigroup Inc. cut EP Energy Corporation from a neutral rating to a sell rating and reduced their target price for the stock from $4.00 to $3.00 in a report on Friday, July 21st. Scotiabank cut EP Energy Corporation from a sector perform rating to an underperform rating and reduced their target price for the stock from $4.00 to $3.00 in a report on Thursday, June 29th. Royal Bank Of Canada set a $5.00 target price on EP Energy Corporation and gave the stock a hold rating in a report on Thursday, August 24th. BidaskClub upgraded EP Energy Corporation from a strong sell rating to a sell rating in a report on Saturday, June 17th. Finally, Bank of America Corporation started coverage on EP Energy Corporation in a report on Wednesday, July 19th. They set an underperform rating and a $4.00 target price on the stock. Eight research analysts have rated the stock with a sell rating, six have given a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. EP Energy Corporation presently has a consensus rating of Hold and an average target price of $3.77.

Shares of EP Energy Corporation (EPE) opened at 3.20 on Tuesday. EP Energy Corporation has a one year low of $2.70 and a one year high of $7.49. The firm has a 50-day moving average of $3.10 and a 200-day moving average of $3.81. The firm’s market capitalization is $816.00 million.

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

ILLEGAL ACTIVITY NOTICE: This report was originally reported by The Ledger Gazette and is owned by of The Ledger Gazette. If you are reading this report on another website, it was stolen and reposted in violation of U.S. & international copyright and trademark legislation. The correct version of this report can be accessed at https://ledgergazette.com/2017/10/11/ep-energy-corporation-epe-given-a-3-00-price-target-at-bmo-capital-markets.html.

Several large investors have recently added to or reduced their stakes in EPE. OppenheimerFunds Inc. bought a new position in shares of EP Energy Corporation during the 1st quarter valued at about $3,349,000. Paloma Partners Management Co lifted its holdings in shares of EP Energy Corporation by 1,930.1% during the 1st quarter. Paloma Partners Management Co now owns 696,510 shares of the energy producer’s stock valued at $3,309,000 after purchasing an additional 662,201 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of EP Energy Corporation by 8.1% during the 1st quarter. JPMorgan Chase & Co. now owns 5,260,473 shares of the energy producer’s stock valued at $24,988,000 after purchasing an additional 394,669 shares in the last quarter. Columbia Pacific Advisors LLC lifted its holdings in shares of EP Energy Corporation by 41.7% during the 1st quarter. Columbia Pacific Advisors LLC now owns 1,259,086 shares of the energy producer’s stock valued at $5,981,000 after purchasing an additional 370,233 shares in the last quarter. Finally, SG Americas Securities LLC bought a new position in shares of EP Energy Corporation during the 1st quarter valued

A number of other brokerages have also recently issued reports on EPE. Citigroup Inc. cut EP Energy Corporation from a neutral rating to a sell rating and reduced their target price for the stock from $4.00 to $3.00 in a report on Friday, July 21st. Scotiabank cut EP Energy Corporation from a sector perform rating to an underperform rating and reduced their target price for the stock from $4.00 to $3.00 in a report on Thursday, June 29th. Royal Bank Of Canada set a $5.00 target price on EP Energy Corporation and gave the stock a hold rating in a report on Thursday, August 24th. BidaskClub upgraded EP Energy Corporation from a strong sell rating to a sell rating in a report on Saturday, June 17th. Finally, Bank of America Corporation started coverage on EP Energy Corporation in a report on Wednesday, July 19th. They set an underperform rating and a $4.00 target price on the stock. Eight research analysts have rated the stock with a sell rating, six have given a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. EP Energy Corporation presently has a consensus rating of Hold and an average target price of $3.77.

Shares of EP Energy Corporation (EPE) opened at 3.20 on Tuesday. EP Energy Corporation has a one year low of $2.70 and a one year high of $7.49. The firm has a 50-day moving average of $3.10 and a 200-day moving average of $3.81. The firm’s market capitalization is $816.00 million.

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

ILLEGAL ACTIVITY NOTICE: This report was originally reported by The Ledger Gazette and is owned by of The Ledger Gazette. If you are reading this report on another website, it was stolen and reposted in violation of U.S. & international copyright and trademark legislation. The correct version of this report can be accessed at https://ledgergazette.com/2017/10/11/ep-energy-corporation-epe-given-a-3-00-price-target-at-bmo-capital-markets.html.

Several large investors have recently added to or reduced their stakes in EPE. OppenheimerFunds Inc. bought a new position in shares of EP Energy Corporation during the 1st quarter valued at about $3,349,000. Paloma Partners Management Co lifted its holdings in shares of EP Energy Corporation by 1,930.1% during the 1st quarter. Paloma Partners Management Co now owns 696,510 shares of the energy producer’s stock valued at $3,309,000 after purchasing an additional 662,201 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of EP Energy Corporation by 8.1% during the 1st quarter. JPMorgan Chase & Co. now owns 5,260,473 shares of the energy producer’s stock valued at $24,988,000 after purchasing an additional 394,669 shares in the last quarter. Columbia Pacific Advisors LLC lifted its holdings in shares of EP Energy Corporation by 41.7% during the 1st quarter. Columbia Pacific Advisors LLC now owns 1,259,086 shares of the energy producer’s stock valued at $5,981,000 after purchasing an additional 370,233 shares in the last quarter. Finally, SG Americas Securities LLC bought a new position in shares of EP Energy Corporation during the 1st quarter valued at about $955,000. Institutional investors and hedge funds own 70.42% of the company’s stock.

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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