EP Energy Corporation (NYSE:EPE) posted its quarterly earnings results on Tuesday. The energy producer reported ($0.10) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.12) by $0.02, Bloomberg Earnings reports. During the same quarter in the previous year, the firm earned $0.21 EPS.
Shares of EP Energy Corporation (NYSE:EPE) traded down 2.72% during trading on Wednesday, hitting $3.22. 448,664 shares of the stock were exchanged. The stock’s market cap is $821.42 million. EP Energy Corporation has a 12-month low of $3.17 and a 12-month high of $7.49. The stock’s 50 day moving average is $3.63 and its 200-day moving average is $4.45.
A number of brokerages have issued reports on EPE. BidaskClub raised shares of EP Energy Corporation from a “sell” rating to a “hold” rating in a report on Monday. Citigroup Inc. cut shares of EP Energy Corporation from a “neutral” rating to a “sell” rating and dropped their target price for the company from $4.00 to $3.00 in a report on Friday, July 21st. Royal Bank Of Canada cut shares of EP Energy Corporation from an “outperform” rating to a “sector perform” rating and dropped their target price 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. Finally, Bank of America Corporation began coverage on shares of EP Energy Corporation in a report on Wednesday, July 19th. They issued an “underperform” rating and a $4.00 target price for the company. Eight investment analysts have rated the stock with a sell rating, nine have given a hold rating and one has assigned a strong buy rating to the stock. EP Energy Corporation presently has a consensus rating of “Hold” and a consensus price target of $4.35.
In other EP Energy Corporation news, VP Francis C. Olmsted III sold 15,824 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the vice president now directly owns 141,964 shares of the company’s stock, valued at $644,516.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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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