BMO Capital Markets Reaffirms “Hold” Rating for EP Energy Corporation (NYSE:EPE)

EP Energy Corporation (NYSE:EPE)‘s stock had its “hold” rating reiterated by equities research analysts at BMO Capital Markets in a note issued to investors on Tuesday, August 8th. They presently have a $3.00 target price on the energy producer’s stock. BMO Capital Markets’ target price points to a potential downside of 8.26% from the stock’s previous close.

A number of other equities analysts have also weighed in on the stock. Stifel Nicolaus started coverage on shares of EP Energy Corporation in a research report on Thursday, April 13th. They issued a “hold” rating and a $5.00 price objective on the stock. Citigroup Inc. lowered shares of EP Energy Corporation from a “neutral” rating to a “sell” rating and lowered their price objective for the company from $4.00 to $3.00 in a research report on Friday, July 21st. Scotiabank lowered shares of EP Energy Corporation from a “sector perform” rating to an “underperform” rating and lowered their price objective for the company from $4.00 to $3.00 in a research report on Thursday, June 29th. BidaskClub upgraded shares of EP Energy Corporation from a “strong sell” rating to a “sell” rating in a research report on Saturday, June 17th. Finally, Bank of America Corporation started coverage on shares of EP Energy Corporation in a research report on Wednesday, July 19th. They issued an “underperform” rating and a $4.00 price objective on the stock. Eight analysts have rated the stock with a sell rating, seven have given a hold rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $4.27.

Shares of EP Energy Corporation (NYSE EPE) opened at 3.27 on Tuesday. The stock’s market capitalization is $833.85 million. EP Energy Corporation has a 12-month low of $3.13 and a 12-month high of $7.49. The stock has a 50 day moving average of $3.44 and a 200 day moving average of $4.25.

EP Energy Corporation (NYSE:EPE) last announced its earnings results 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 business had revenue of $296 million for the quarter, compared to analysts’ expectations of $275.99 million. During the same quarter last year, the business posted $0.21 earnings per share.

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A number of hedge funds have recently bought and sold shares of EPE. Ronald Blue & Co. LLC boosted its stake in 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 valued at $106,000 after buying an additional 1,024 shares during the period. American International Group Inc. boosted its stake in 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 valued at $113,000 after buying an additional 1,581 shares during the period. Metropolitan Life Insurance Co. NY acquired a new stake in EP Energy Corporation during the fourth quarter valued at approximately $168,000. Wells Fargo & Company MN boosted its stake in EP Energy Corporation by 11.7% in the second quarter. Wells Fargo & Company MN now owns 28,848 shares of the energy producer’s stock valued at $106,000 after buying an additional 3,028 shares during the period. Finally, KCG Holdings Inc. boosted its stake in EP Energy Corporation by 24.4% in the first quarter. KCG Holdings Inc. now owns 44,036 shares of the energy producer’s stock valued at $209,000 after buying an additional 8,645 shares during the period. Institutional investors own 72.03% of the company’s stock.

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).

Analyst Recommendations for EP Energy Corporation (NYSE:EPE)

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