EP Energy Corp. (NYSE:EPE) was upgraded by Goldman Sachs Group Inc. from a “sell” rating to a “neutral” rating in a research report issued to clients and investors on Wednesday. The firm currently has a $5.00 target price on the stock, up from their previous target price of $3.62. Goldman Sachs Group Inc.’s price target suggests a potential upside of 25.00% from the company’s previous close.
A number of other equities research analysts have also issued reports on the stock. Jefferies Group reaffirmed an “underperform” rating and set a $3.00 price objective (up from $2.50) on shares of EP Energy Corp. in a report on Monday, July 18th. Zacks Investment Research raised shares of EP Energy Corp. from a “hold” rating to a “buy” rating and set a $4.25 price objective for the company in a report on Wednesday, August 3rd. FBR & Co initiated coverage on shares of EP Energy Corp. in a report on Tuesday, September 13th. They set a “market perform” rating and a $4.50 price objective for the company. Deutsche Bank AG increased their price objective on shares of EP Energy Corp. from $6.00 to $7.00 and gave the company a “hold” rating in a report on Tuesday, June 14th. Finally, Northland Securities raised shares of EP Energy Corp. from an “under perform” rating to a “market perform” rating in a report on Friday, August 5th. Six equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $4.76.
Shares of EP Energy Corp. (NYSE:EPE) opened at 4.00 on Wednesday. EP Energy Corp. has a 12-month low of $1.60 and a 12-month high of $7.99. The company’s 50-day moving average is $4.18 and its 200-day moving average is $4.80. The company’s market capitalization is $1.01 billion.
EP Energy Corp. (NYSE:EPE) last released its earnings results on Wednesday, August 3rd. The company reported $0.21 EPS for the quarter, topping analysts’ consensus estimates of $0.17 by $0.04. During the same quarter in the prior year, the firm posted $0.17 EPS.
Several hedge funds have recently added to or reduced their stakes in the stock. BlackRock Advisors LLC increased its stake in EP Energy Corp. by 18.7% in the second quarter. BlackRock Advisors LLC now owns 21,970 shares of the company’s stock valued at $114,000 after buying an additional 3,455 shares during the last quarter. American International Group Inc. increased its stake in EP Energy Corp. by 1,611.4% in the second quarter. American International Group Inc. now owns 22,283 shares of the company’s stock valued at $115,000 after buying an additional 20,981 shares during the last quarter. BlackRock Group LTD increased its stake in EP Energy Corp. by 2,384.7% in the second quarter. BlackRock Group LTD now owns 29,419 shares of the company’s stock valued at $152,000 after buying an additional 28,235 shares during the last quarter. Metropolitan Life Insurance Co. NY increased its stake in EP Energy Corp. by 3,199.0% in the second quarter. Metropolitan Life Insurance Co. NY now owns 32,693 shares of the company’s stock valued at $169,000 after buying an additional 31,702 shares during the last quarter. Finally, CIBC World Markets Inc. purchased a new stake in EP Energy Corp. during the second quarter valued at $195,000. Hedge funds and other institutional investors own 73.23% of the company’s stock.
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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