Brokerages Set EP Energy Corporation (EPE) Target Price at $4.35

Shares of EP Energy Corporation (NYSE:EPE) have earned a consensus recommendation of “Hold” from the seventeen brokerages that are presently covering the stock, Marketbeat Ratings reports. Eight analysts have rated the stock with a sell recommendation, eight have issued a hold recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $4.27.

A number of brokerages have recently issued reports on EPE. Royal Bank Of Canada set a $7.00 price objective on shares of EP Energy Corporation and gave the stock a “buy” rating in a research report on Saturday, June 17th. Scotiabank cut shares of EP Energy Corporation from a “sector perform” rating to an “underperform” rating and lowered their target price for the stock from $4.00 to $3.00 in a research note on Thursday, June 29th. ValuEngine upgraded shares of EP Energy Corporation from a “strong sell” rating to a “sell” rating in a research note on Wednesday, July 19th. Citigroup Inc. cut shares of EP Energy Corporation from a “neutral” rating to a “sell” rating and decreased their price objective for the company from $4.00 to $3.00 in a research note on Friday, July 21st. Finally, BidaskClub cut shares of EP Energy Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday, July 11th.

Shares of EP Energy Corporation (EPE) opened at 3.31 on Tuesday. The company’s 50-day moving average is $3.48 and its 200 day moving average is $4.33. The company’s market cap is $844.05 million. EP Energy Corporation has a 1-year low of $3.15 and a 1-year high of $7.49.

EP Energy Corporation (NYSE:EPE) last issued its quarterly earnings data on Wednesday, August 2nd. The energy producer reported ($0.10) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.12) by $0.02. The firm had revenue of $296 million during the quarter, compared to analysts’ expectations of $275.99 million. During the same period in the previous year, the firm earned $0.21 EPS.

A number of hedge funds and other institutional investors have recently bought and sold shares of EPE. JPMorgan Chase & Co. boosted its position in EP Energy Corporation by 1.0% in the second 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 during the last quarter. King Street Capital Management L.P. boosted its position in EP Energy Corporation by 33.3% in the first quarter. King Street Capital Management L.P. now owns 4,000,000 shares of the energy producer’s stock worth $19,000,000 after buying an additional 1,000,000 shares during the last quarter. Vanguard Group Inc. boosted its position in EP Energy Corporation by 0.3% in the second quarter. Vanguard Group Inc. now owns 3,459,190 shares of the energy producer’s stock worth $12,660,000 after buying an additional 9,068 shares during the last quarter. Northern Trust Corp boosted its position in EP Energy Corporation by 1.8% in the second quarter. Northern Trust Corp now owns 1,794,632 shares of the energy producer’s stock worth $6,568,000 after buying an additional 32,018 shares during the last quarter. Finally, Columbia Pacific Advisors LLC boosted its position in EP Energy Corporation by 41.7% in the first quarter. Columbia Pacific Advisors LLC now owns 1,259,086 shares of the energy producer’s stock worth $5,981,000 after buying an additional 370,233 shares during the last quarter. 72.32% of the stock is currently owned by institutional investors.

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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).

Analyst Recommendations for EP Energy Corporation (NYSE:EPE)

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