Press coverage about EP Energy Corporation (NYSE:EPE) has been trending positive on Tuesday, Alpha One reports. Alpha One, a subsidiary of Accern, identifies positive and negative press coverage by monitoring more than 20 million news and blog sources. Alpha One ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. EP Energy Corporation earned a news impact score of 0.29 on Alpha One’s scale. Alpha One also gave news stories about the energy producer an impact score of 87 out of 100, indicating that recent press coverage is very likely to have an effect on the company’s share price in the next few days.
Here are some of the news stories that may have effected AlphaOne Sentiment’s rankings:
- EP Energy Corporation (EPE) PT Set at $7.00 by Royal Bank Of Canada (americanbankingnews.com)
- EP Energy Corporation (EPE) Upgraded by BidaskClub to Sell (americanbankingnews.com)
- Impax Laboratories, Inc. (NasdaqGS:IPXL) & EP Energy Corporation (NYSE:EPE) Valuation at a Glance – Evergreen Caller (evergreencaller.com)
- It Seems EP Energy Corp (EPE) Will Go Down. Formed A Few Months Wedge Down – Weekly Register (weeklyregister.com)
- EP Energy Corporation (EPE): Start Paying Attention to Revised Ratings – StockNewsMagazine (stocknewsmagazine.com)
A number of research firms have recently commented on EPE. Stifel Nicolaus began coverage on shares of EP Energy Corporation in a report on Thursday, April 13th. They set a “hold” rating and a $5.00 price target on the stock. Jefferies Group LLC reiterated an “underperform” rating and set a $4.00 price target (up previously from $3.50) on shares of EP Energy Corporation in a report on Sunday, April 23rd. Royal Bank Of Canada reiterated a “buy” rating and set a $8.00 price target on shares of EP Energy Corporation in a report on Friday, March 31st. Deutsche Bank AG cut their price target on shares of EP Energy Corporation from $7.00 to $6.00 and set a “hold” rating on the stock in a report on Tuesday, March 7th. Finally, Citigroup Inc. upgraded shares of EP Energy Corporation from a “sell” rating to a “neutral” rating and raised their target price for the stock from $5.00 to $6.00 in a report on Tuesday, May 9th. Four equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company’s stock. EP Energy Corporation presently has a consensus rating of “Hold” and a consensus target price of $5.13.
EP Energy Corporation (EPE) traded down 5.58% on Tuesday, reaching $3.72. 575,902 shares of the company’s stock traded hands. The stock’s market cap is $948.97 million. EP Energy Corporation has a 12-month low of $3.29 and a 12-month high of $7.49. The stock has a 50 day moving average price of $4.33 and a 200 day moving average price of $5.06.
In related news, VP Francis C. Olmsted III sold 15,824 shares of EP Energy Corporation stock in a transaction on Tuesday, May 9th. The shares were sold at an average price of $4.54, for a total value of $71,840.96. Following the transaction, the vice president now directly owns 141,964 shares in the company, valued at approximately $644,516.56. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 1.30% 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).
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