ValuEngine lowered shares of EP Energy Corporation (NYSE:EPE) from a hold rating to a sell rating in a research report released on Wednesday morning.
Several other research analysts also recently weighed in on EPE. Citigroup Inc. downgraded EP Energy Corporation from a neutral rating to a sell rating and cut their price target for the stock from $4.00 to $3.00 in a research note on Friday, July 21st. BMO Capital Markets reiterated a hold rating and set a $3.00 price target on shares of EP Energy Corporation in a research note on Tuesday, August 8th. Jefferies Group LLC set a $4.00 price target on EP Energy Corporation and gave the stock a sell rating in a research note on Wednesday, July 19th. Zacks Investment Research downgraded EP Energy Corporation from a strong-buy rating to a hold rating in a research note on Wednesday, October 11th. Finally, Bank of America Corporation initiated coverage on EP Energy Corporation in a research note on Wednesday, July 19th. They set an underperform rating and a $4.00 price target for the company. Nine research analysts have rated the stock with a sell rating and seven have issued a hold rating to the stock. The stock has a consensus rating of Sell and an average target price of $3.68.
Shares of EP Energy Corporation (EPE) traded up $0.12 during trading hours on Wednesday, reaching $2.49. The company’s stock had a trading volume of 477,198 shares, compared to its average volume of 665,533. The company has a quick ratio of 0.65, a current ratio of 0.69 and a debt-to-equity ratio of 8.01. EP Energy Corporation has a 52-week low of $2.23 and a 52-week high of $7.49.
EP Energy Corporation (NYSE:EPE) last announced its quarterly earnings data on Wednesday, November 1st. The energy producer reported ($0.12) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.13) by $0.01. The firm had revenue of $219.00 million during the quarter, compared to the consensus estimate of $264.90 million. EP Energy Corporation had a negative return on equity of 8.50% and a negative net margin of 25.44%. During the same quarter in the prior year, the company earned $0.10 EPS. equities analysts forecast that EP Energy Corporation will post -0.45 EPS for the current fiscal year.
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A number of institutional investors and hedge funds have recently modified their holdings of the stock. JPMorgan Chase & Co. lifted its holdings in EP Energy Corporation by 1.0% during the 2nd quarter. JPMorgan Chase & Co. now owns 5,313,377 shares of the energy producer’s stock worth $19,447,000 after purchasing an additional 52,904 shares in the last quarter. Vanguard Group Inc. lifted its holdings in EP Energy Corporation by 0.3% during the 2nd quarter. Vanguard Group Inc. now owns 3,459,190 shares of the energy producer’s stock worth $12,660,000 after purchasing an additional 9,068 shares in the last quarter. Northern Trust Corp lifted its holdings in EP Energy Corporation by 1.8% during the 2nd quarter. Northern Trust Corp now owns 1,794,632 shares of the energy producer’s stock worth $6,568,000 after purchasing an additional 32,018 shares in the last quarter. Parametric Portfolio Associates LLC lifted its holdings in EP Energy Corporation by 1.1% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 817,432 shares of the energy producer’s stock worth $2,992,000 after purchasing an additional 8,690 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in EP Energy Corporation by 0.4% during 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. 70.14% of the stock is currently 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).
To view ValuEngine’s full report, visit ValuEngine’s official website.
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