BidaskClub Upgrades EP Energy Corporation (EPE) to “Hold”

BidaskClub upgraded shares of EP Energy Corporation (NYSE:EPE) from a sell rating to a hold rating in a research report released on Monday.

Several other research firms have also commented on EPE. Stifel Nicolaus assumed coverage on shares of EP Energy Corporation in a research note on Thursday, April 13th. They set a hold rating and a $5.00 price objective for the company. Jefferies Group LLC reaffirmed an underperform rating and set a $4.00 price objective (up from $3.50) on shares of EP Energy Corporation in a research note on Sunday, April 23rd. Citigroup Inc. raised shares of EP Energy Corporation from a sell rating to a neutral rating and lifted their price objective for the stock from $5.00 to $6.00 in a research note on Tuesday, May 9th. FBR & Co set a $5.00 price objective on shares of EP Energy Corporation and gave the stock a hold rating in a research note on Tuesday, May 16th. Finally, Credit Suisse Group lowered shares of EP Energy Corporation from a neutral rating to an underperform rating in a research note on Thursday, June 1st. Eight investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and one has assigned a strong buy rating to the stock. EP Energy Corporation currently has an average rating of Hold and an average target price of $4.35.

Shares of EP Energy Corporation (NYSE:EPE) traded up 4.04% during trading on Monday, reaching $3.35. 598,236 shares of the company traded hands. EP Energy Corporation has a 12-month low of $3.23 and a 12-month high of $7.49. The firm’s 50-day moving average is $3.63 and its 200-day moving average is $4.45. The stock’s market capitalization is $854.19 million.

EP Energy Corporation (NYSE:EPE) last posted its earnings results on Tuesday, August 1st. The energy producer reported ($0.10) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.12) by $0.02. During the same quarter in the previous year, the business earned $0.21 earnings per share.

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In other news, VP Francis C. Olmsted III sold 15,824 shares of the business’s stock in a transaction on Tuesday, May 9th. The shares were sold at an average price of $4.54, for a total transaction 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.30% of the stock is currently owned by insiders.

Several hedge funds have recently modified their holdings of EPE. Rhumbline Advisers raised its stake in shares of EP Energy Corporation by 0.6% in the second 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. Ronald Blue & Co. LLC raised its stake in shares of EP Energy Corporation by 4.8% in the first 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 in the last quarter. American International Group Inc. raised its stake in shares of EP Energy Corporation by 7.1% in the first 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 in the last quarter. Alliancebernstein L.P. raised its stake in shares of EP Energy Corporation by 1.2% in the first quarter. Alliancebernstein L.P. now owns 170,762 shares of the energy producer’s stock worth $811,000 after buying an additional 2,100 shares in the last quarter. Finally, Public Employees Retirement System of Ohio raised its stake in shares of EP Energy Corporation by 7.5% in the first quarter. Public Employees Retirement System of Ohio now owns 53,428 shares of the energy producer’s stock worth $254,000 after buying an additional 3,715 shares in the last quarter. 72.31% of the stock is owned by hedge funds and other 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).