EP Energy (EPE) Trading 9.3% Higher

Shares of EP Energy Corp (NYSE:EPE) traded up 9.3% on Thursday . The company traded as high as $2.53 and last traded at $2.47. 1,820,112 shares were traded during trading, an increase of 73% from the average session volume of 1,049,726 shares. The stock had previously closed at $2.26.

A number of analysts recently weighed in on the stock. Zacks Investment Research raised shares of EP Energy from a “hold” rating to a “buy” rating and set a $2.50 target price on the stock in a report on Wednesday. ValuEngine lowered shares of EP Energy from a “sell” rating to a “strong sell” rating in a report on Sunday, December 31st. BMO Capital Markets set a $3.00 target price on shares of EP Energy and gave the stock a “hold” rating in a report on Tuesday, October 10th. Robert W. Baird upped their target price on shares of EP Energy from $2.00 to $5.00 and gave the stock an “outperform” rating in a report on Tuesday, January 2nd. Finally, Royal Bank of Canada set a $3.00 target price on shares of EP Energy and gave the stock a “hold” rating in a report on Wednesday, December 20th. Nine equities research analysts have rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the company. EP Energy currently has an average rating of “Hold” and a consensus price target of $3.54.

The company has a debt-to-equity ratio of 8.01, a current ratio of 0.69 and a quick ratio of 0.65. The stock has a market capitalization of $631.40, a P/E ratio of -2.31 and a beta of 4.44.

EP Energy (NYSE:EPE) last released its quarterly 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. EP Energy had a negative net margin of 25.44% and a negative return on equity of 8.50%. The business had revenue of $219.00 million during the quarter, compared to analysts’ expectations of $264.90 million. During the same quarter in the previous year, the company earned $0.10 EPS. analysts anticipate that EP Energy Corp will post -0.42 EPS for the current year.

A number of hedge funds have recently added to or reduced their stakes in EPE. Rhumbline Advisers grew its stake in EP Energy 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 in the last quarter. Bank of New York Mellon Corp grew its stake in EP Energy by 15.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 238,950 shares of the energy producer’s stock worth $874,000 after buying an additional 31,998 shares in the last quarter. JPMorgan Chase & Co. grew its stake in EP Energy by 1.0% in the 2nd quarter. JPMorgan Chase & Co. now owns 5,313,377 shares of the energy producer’s stock worth $19,447,000 after buying an additional 52,904 shares in the last quarter. Engineers Gate Manager LP purchased a new position in EP Energy in the 2nd quarter worth approximately $313,000. Finally, Wells Fargo & Company MN grew its stake in EP Energy 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 in the last quarter. 68.89% of the stock is owned by institutional investors and hedge funds.

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EP Energy 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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