Stock Worth Mentioning: Is EP Energy Corp a Buy? The Stock Rises Again

Stock Worth Mentioning: Is EP Energy Corp a Buy? The Stock Rises Again

The stock of EP Energy Corp (NYSE:EPE) is a huge mover today! About 1.88 million shares traded hands. EP Energy Corp (NYSE:EPE) has risen 144.19% since February 26, 2016 and is uptrending. It has outperformed by 133.76% the S&P500.
The move comes after 8 months positive chart setup for the $1.12B company. It was reported on Oct, 1 by Barchart.com. We have $5.76 PT which if reached, will make NYSE:EPE worth $369.60 million more.

Analysts await EP Energy Corp (NYSE:EPE) to report earnings on October, 26. They expect $0.22 EPS, down 15.38% or $0.04 from last year’s $0.26 per share. EPE’s profit will be $56.91M for 4.92 P/E if the $0.22 EPS becomes a reality. After $0.21 actual EPS reported by EP Energy Corp for the previous quarter, Wall Street now forecasts 4.76% EPS growth.

EP Energy Corp (NYSE:EPE) Ratings Coverage

Out of 19 analysts covering EP Energy Corporation (NYSE:EPE), 3 rate it a “Buy”, 2 “Sell”, while 14 “Hold”. This means 16% are positive. EP Energy Corporation has been the topic of 50 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The firm has “Outperform” rating by Credit Suisse given on Wednesday, July 22. The firm has “Hold” rating given on Friday, February 19 by Topeka Capital Markets. The firm earned “Hold” rating on Wednesday, February 3 by GMP Securities. The rating was downgraded by JP Morgan on Friday, April 15 to “Neutral”. The rating was maintained by UBS with “Neutral” on Thursday, August 4. The firm has “Buy” rating by Topeka Capital Markets given on Wednesday, October 14. Northland Capital upgraded EP Energy Corp (NYSE:EPE) on Friday, August 5 to “Market Perform” rating. The firm earned “Overweight” rating on Wednesday, December 9 by JP Morgan. The stock of EP Energy Corp (NYSE:EPE) earned “Neutral” rating by UBS on Friday, February 19. The firm has “Outperform” rating by RBC Capital Markets given on Friday, October 30.

According to Zacks Investment Research, “EP Energy Corporation is involved in the acquisition and development of unconventional onshore oil and natural gas. The company’s assets consist of the Eagle Ford Shale in South Texas, the Wolfcamp Shale in Permian Basin in West Texas, the Altamont field in the Uinta Basin in Utah and the Haynesville Shale in North Louisiana. EP Energy Corporation is based in Houston, United States.”

Insitutional Activity: The institutional sentiment increased to 1.4 in Q2 2016. Its up 0.91, from 0.49 in 2016Q1. The ratio is positive, as 23 funds sold all EP Energy Corp shares owned while 24 reduced positions. 27 funds bought stakes while 39 increased positions. They now own 177.13 million shares or 7.70% less from 191.91 million shares in 2016Q1.
Price T Rowe Assoc Md holds 36,300 shares or 0% of its portfolio. Legal And General Group Inc Public Limited owns 5,830 shares or 0% of their US portfolio. Amer Intl Gp holds 0% of its portfolio in EP Energy Corp (NYSE:EPE) for 22,283 shares. Ubs Asset Mngmt Americas has 10,975 shares for 0% of their US portfolio. Millennium Management Ltd accumulated 0.01% or 706,513 shares. Blackrock Institutional Trust Na reported 1.61 million shares or 0% of all its holdings. Verition Fund Mngmt Limited Liability Co reported 16,142 shares or 0.01% of all its holdings. The California-based First Quadrant L P Ca has invested 0.02% in EP Energy Corp (NYSE:EPE). Wfg L P accumulated 0% or 680 shares. Metropolitan Life Insurance Ny last reported 0% of its portfolio in the stock. Creative Planning holds 18,000 shares or 0% of its portfolio. The Missouri-based Fincl has invested 0% in EP Energy Corp (NYSE:EPE). Invesco Ltd last reported 0% of its portfolio in the stock. Paloma Prtnrs Management accumulated 0% or 16,650 shares. Wasatch Advsr Incorporated accumulated 0.07% or 901,411 shares.

Another recent and important EP Energy Corp (NYSE:EPE) news was published by Prnewswire.com which published an article titled: “EP Energy’s CEO to Present at Barclays Capital CEO Energy-Power Conference” on September 02, 2016.

EPE Company Profile

EP Energy Corporation (EP Energy), incorporated on August 8, 2013, is an independent exploration and production company. The Firm is engaged in the acquisition and development of unconventional onshore oil and natural gas properties in the United States. The Firm operates through a diverse base of producing assets and are focused on creating value through the development of its drilling inventory located in four areas: the Eagle Ford Shale (South Texas), the Wolfcamp Shale (Permian Basin in West Texas), the Altamont Field in the Uinta Basin (Northeastern Utah) and the Haynesville Shale (North Louisiana). In its operating areas, it has identified approximately 5,710 drilling locations (including over 860 drilling locations to which it has attributed proved undeveloped reserves).

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