EP Energy Corporation (EPE) Trading Down 2.6%

EP Energy Corporation (NYSE:EPE) shares traded down 2.6% during trading on Tuesday . The company traded as low as $2.36 and last traded at $2.66. 277,400 shares were traded during mid-day trading, a decline of 73% from the average session volume of 1,033,984 shares. The stock had previously closed at $2.73.

A number of research analysts recently commented on the stock. Royal Bank Of Canada downgraded shares of EP Energy Corporation from an “outperform” rating to a “sector perform” rating and lowered their price target for the company from $7.00 to $4.50 in a report on Thursday, July 20th. ValuEngine raised shares of EP Energy Corporation from a “strong sell” rating to a “sell” rating in a report on Wednesday, July 19th. Citigroup Inc. downgraded shares of EP Energy Corporation from a “neutral” rating to a “sell” rating and lowered their price target for the company from $4.00 to $3.00 in a report on Friday, July 21st. Bank of America Corporation assumed coverage on shares of EP Energy Corporation in a report on Wednesday, July 19th. They issued an “underperform” rating and a $4.00 price target for the company. Finally, Jefferies Group LLC set a $4.00 price target on shares of EP Energy Corporation and gave the company a “sell” rating in a report on Wednesday, July 19th. Eight equities research analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company. The company currently has an average rating of “Hold” and an average price target of $3.68.

The company has a current ratio of 0.69, a quick ratio of 0.65 and a debt-to-equity ratio of 8.01.

EP Energy Corporation (NYSE:EPE) last issued its earnings results on Wednesday, November 1st. The energy producer reported ($0.12) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.13) by $0.01. The business had revenue of $219.00 million for the quarter, compared to analyst estimates of $264.90 million. EP Energy Corporation had a negative net margin of 25.44% and a negative return on equity of 8.50%. During the same period last year, the company posted $0.10 earnings per share. equities research analysts expect that EP Energy Corporation will post -0.45 EPS for the current year.

Several large investors have recently modified their holdings of EPE. American International Group Inc. increased its position in shares of EP Energy Corporation by 7.1% during the first 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 during the period. Alliancebernstein L.P. increased its position in shares of EP Energy Corporation by 1.2% during the first 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 during the period. KCG Holdings Inc. increased its position in shares of EP Energy Corporation by 24.4% during the first quarter. KCG Holdings Inc. now owns 44,036 shares of the energy producer’s stock worth $209,000 after acquiring an additional 8,645 shares during the period. Bank of America Corp DE increased its position in shares of EP Energy Corporation by 62.2% during the first quarter. Bank of America Corp DE now owns 223,298 shares of the energy producer’s stock worth $1,060,000 after acquiring an additional 85,614 shares during the period. Finally, Public Employees Retirement System of Ohio increased its position in shares of EP Energy Corporation by 7.5% during the first quarter. Public Employees Retirement System of Ohio now owns 53,428 shares of the energy producer’s stock worth $254,000 after acquiring an additional 3,715 shares during the period. 70.14% of the stock is currently owned by institutional investors and hedge funds.

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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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