EP Energy Corporation (EPE) Stock Rating Upgraded by Zacks Investment Research

Zacks Investment Research upgraded shares of EP Energy Corporation (NYSE:EPE) from a hold rating to a buy rating in a report released on Monday morning. They currently have $3.50 price objective on the energy producer’s stock.

According to Zacks, “EP Energy Corporation is involved in the acquisition and development of unconventional onshore oil and natural gas. The company’s assets consist of the Eagle Ford Shale in South Texas, the Wolfcamp Shale in Permian Basin in West Texas, the Altamont field in the Uinta Basin in Utah and the Haynesville Shale in North Louisiana. EP Energy Corporation is based in Houston, United States. “

EPE has been the topic of several other research reports. Tudor Pickering cut shares of EP Energy Corporation from a buy rating to a sell rating in a research note on Tuesday, September 5th. Royal Bank Of Canada set a $5.00 target price on shares of EP Energy Corporation and gave the company a hold rating in a research note on Thursday, August 24th. ValuEngine cut shares of EP Energy Corporation from a hold rating to a sell rating in a research note on Monday, October 2nd. Stifel Nicolaus set a $3.00 target price on shares of EP Energy Corporation and gave the company a hold rating in a research note on Thursday, October 5th. Finally, BidaskClub upgraded shares of EP Energy Corporation from a sell rating to a hold rating in a research note on Monday, July 31st. Eight equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of Hold and an average price target of $3.77.

Shares of EP Energy Corporation (NYSE:EPE) traded up 2.17% during mid-day trading on Monday, reaching $2.82. 227,013 shares of the company’s stock traded hands. EP Energy Corporation has a 12-month low of $2.70 and a 12-month high of $7.49. The firm’s 50 day moving average price is $3.09 and its 200-day moving average price is $3.80. The stock’s market cap is $719.10 million.

EP Energy Corporation (NYSE:EPE) last posted its earnings results on Wednesday, August 2nd. The energy producer reported ($0.10) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.12) by $0.02. The company had revenue of $296.00 million for the quarter, compared to the consensus estimate of $275.99 million. During the same quarter in the prior year, the company posted $0.21 EPS.

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A number of institutional investors have recently added to or reduced their stakes in the stock. Rhumbline Advisers increased its holdings in 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 acquiring an additional 375 shares in the last quarter. American International Group Inc. increased its holdings in 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 acquiring an additional 1,581 shares in the last quarter. Alliancebernstein L.P. increased its holdings in EP Energy Corporation by 1.2% in the 1st quarter. Alliancebernstein L.P. now owns 170,762 shares of the energy producer’s stock worth $811,000 after acquiring an additional 2,100 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in EP Energy Corporation by 0.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 809,282 shares of the energy producer’s stock worth $2,962,000 after acquiring an additional 2,919 shares in the last quarter. Finally, Wells Fargo & Company MN increased its holdings in 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 acquiring an additional 3,028 shares in the last quarter. 70.42% of the stock is owned by institutional investors.

EP Energy Corporation 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 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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