EP Energy Corporation (EPE) Given Consensus Rating of “Hold” by Analysts

EP Energy Corporation (NYSE:EPE) has been given a consensus rating of “Hold” by the seventeen ratings firms that are presently covering the stock, Marketbeat Ratings reports. Nine analysts have rated the stock with a sell recommendation, seven have given a hold recommendation and one has given a strong buy recommendation to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $4.31.

Several equities analysts recently commented on EPE shares. Credit Suisse Group cut shares of EP Energy Corporation from a “neutral” rating to an “underperform” rating in a research note on Thursday, June 1st. Tudor Pickering cut shares of EP Energy Corporation from a “buy” rating to a “sell” rating in a research note on Tuesday, September 5th. BidaskClub cut shares of EP Energy Corporation from a “sell” rating to a “strong sell” rating in a research note on Saturday, June 10th. Royal Bank Of Canada set a $5.00 price target on shares of EP Energy Corporation and gave the stock a “hold” rating in a research note on Thursday, August 24th. Finally, Citigroup Inc. cut their price target on shares of EP Energy Corporation from $5.00 to $4.00 and set a “neutral” rating for the company in a research note on Thursday, July 13th.

ILLEGAL ACTIVITY NOTICE: “EP Energy Corporation (EPE) Given Consensus Rating of “Hold” by Analysts” was originally reported by Stock Observer and is the property of of Stock Observer. If you are viewing this news story on another site, it was illegally copied and republished in violation of international copyright law. The legal version of this news story can be viewed at https://www.thestockobserver.com/2017/09/13/ep-energy-corporation-epe-given-consensus-rating-of-hold-by-analysts.html.

A number of hedge funds and other institutional investors have recently modified their holdings of EPE. Ronald Blue & Co. LLC grew its position in shares of EP Energy Corporation by 4.8% in the 1st quarter. Ronald Blue & Co. LLC now owns 22,289 shares of the energy producer’s stock worth $106,000 after buying an additional 1,024 shares during the period. Wells Fargo & Company MN grew its position in shares of EP Energy Corporation by 11.7% in the 2nd quarter. Wells Fargo & Company MN now owns 28,848 shares of the energy producer’s stock worth $106,000 after buying an additional 3,028 shares during the period. American International Group Inc. grew its position in shares of EP Energy Corporation by 7.1% in the 1st quarter. American International Group Inc. now owns 23,840 shares of the energy producer’s stock worth $113,000 after buying an additional 1,581 shares during the period. KCG Holdings Inc. grew its position in shares of EP Energy Corporation by 24.4% in the 1st quarter. KCG Holdings Inc. now owns 44,036 shares of the energy producer’s stock worth $209,000 after buying an additional 8,645 shares during the period. Finally, Rhumbline Advisers grew its position in shares of EP Energy Corporation by 0.6% in the 2nd quarter. Rhumbline Advisers now owns 58,536 shares of the energy producer’s stock worth $214,000 after buying an additional 375 shares during the period. Institutional investors and hedge funds own 70.42% of the company’s stock.

EP Energy Corporation (EPE) opened at 2.99 on Wednesday. The firm’s 50 day moving average is $3.18 and its 200-day moving average is $4.00. EP Energy Corporation has a 12 month low of $2.70 and a 12 month high of $7.49. The firm’s market cap is $762.45 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 business had revenue of $296.00 million during the quarter, compared to the consensus estimate of $275.99 million. During the same period last year, the firm earned $0.21 EPS.

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)

Receive News & Ratings for EP Energy Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for EP Energy Corporation and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply