California State Teachers Retirement System boosted its stake in shares of EP Energy Corp. (NYSE:EPE) by 8.1% during the second quarter, Holdings Channel reports. The institutional investor owned 81,167 shares of the company’s stock after buying an additional 6,054 shares during the period. California State Teachers Retirement System’s holdings in EP Energy Corp. were worth $420,000 at the end of the most recent quarter.
Several other large investors have also recently made changes to their positions in EPE. CIBC World Markets Inc. bought a new position in shares of EP Energy Corp. during the second quarter worth $195,000. Lucus Advisors LLC bought a new position in shares of EP Energy Corp. during the second quarter worth $307,000. First Quadrant L P CA bought a new position in shares of EP Energy Corp. during the second quarter worth $843,000. Geode Capital Management LLC increased its position in shares of EP Energy Corp. by 0.6% in the first quarter. Geode Capital Management LLC now owns 220,678 shares of the company’s stock worth $997,000 after buying an additional 1,208 shares during the last quarter. Finally, Riverhead Capital Management LLC increased its position in shares of EP Energy Corp. by 94.9% in the first quarter. Riverhead Capital Management LLC now owns 688,932 shares of the company’s stock worth $3,114,000 after buying an additional 335,430 shares during the last quarter. Institutional investors and hedge funds own 73.23% of the company’s stock.
EP Energy Corp. (NYSE:EPE) traded up 2.75% during trading on Thursday, reaching $4.11. The company’s stock had a trading volume of 1,219,780 shares. The company’s 50 day moving average price is $4.11 and its 200-day moving average price is $4.66. The stock’s market cap is $1.04 billion. EP Energy Corp. has a 1-year low of $1.60 and a 1-year high of $7.44.
EP Energy Corp. (NYSE:EPE) last released its quarterly earnings data on Wednesday, August 3rd. The company reported $0.21 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.17 by $0.04. During the same period last year, the firm earned $0.17 earnings per share.
A number of research analysts recently weighed in on EPE shares. KLR Group raised EP Energy Corp. from an “accumulate” rating to a “buy” rating and cut their price objective for the company from $7.00 to $6.50 in a research note on Monday, July 18th. Zacks Investment Research raised EP Energy Corp. from a “hold” rating to a “buy” rating and set a $6.25 price objective on the stock in a research note on Tuesday, June 28th. JPMorgan Chase & Co. reaffirmed a “hold” rating on shares of EP Energy Corp. in a research report on Monday, August 15th. Northland Securities raised EP Energy Corp. from an “under perform” rating to a “market perform” rating in a research report on Friday, August 5th. Finally, FBR & Co initiated coverage on EP Energy Corp. in a research report on Tuesday, September 13th. They issued a “market perform” rating and a $4.50 price target on the stock. Six research analysts have rated the stock with a sell rating, fourteen have given a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $4.76.
EP Energy Corp. 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 diverse base of producing assets and are focused on creating value through the development of its drilling inventory located in four areas: the Eagle Ford Shale (South Texas), the Wolfcamp Shale (Permian Basin in West Texas), the Altamont Field in the Uinta Basin (Northeastern Utah) and the Haynesville Shale (North Louisiana).
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