Price Action Alert: What’s in EP Energy Corp After Today’s Significant Decline?

Price Action Alert: What's in EP Energy Corp After Today's Significant Decline?

The stock of EP Energy Corp (NYSE:EPE) is a huge mover today! About 637,359 shares traded hands. EP Energy Corp (NYSE:EPE) has risen 8.91% since March 4, 2016 and is uptrending. It has outperformed by 0.87% the S&P500.
The move comes after 6 months negative chart setup for the $1.05 billion company. It was reported on Oct, 7 by Barchart.com. We have $4.01 PT which if reached, will make NYSE:EPE worth $52.50M less.

Analysts await EP Energy Corp (NYSE:EPE) to report earnings on October, 26. They expect $0.22 earnings per share, down 15.38% or $0.04 from last year’s $0.26 per share. EPE’s profit will be $54.74 million for 4.80 P/E if the $0.22 EPS becomes a reality. After $0.21 actual earnings per share 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. On Monday, October 19 the stock rating was maintained by SunTrust with “Buy”. FBR Capital initiated EP Energy Corp (NYSE:EPE) on Tuesday, September 13 with “Mkt Perform” rating. The stock has “Neutral” rating given by UBS on Friday, February 19. The firm earned “Hold” rating on Wednesday, December 9 by Deutsche Bank. On Monday, February 22 the stock rating was downgraded by Northland Capital to “Market Perform”. The rating was maintained by Topeka Capital Markets with “Buy” on Thursday, July 30. The rating was downgraded by Credit Suisse to “Neutral” on Tuesday, March 8. The company was maintained on Wednesday, October 14 by Topeka Capital Markets. RBC Capital Markets maintained EP Energy Corp (NYSE:EPE) on Monday, February 22 with “Outperform” rating. The rating was downgraded by KLR Group on Monday, March 14 to “Accumulate”.

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 2016 Q2. Its up 0.91, from 0.49 in 2016Q1. The ratio increased, 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.
Renaissance Ltd Liability Corp has invested 0% of its portfolio in EP Energy Corp (NYSE:EPE). Rhumbline Advisers holds 45,816 shares or 0% of its portfolio. Gru One Trading Lp owns 48,905 shares or 0% of their US portfolio. Tiaa Cref Inv Limited Co owns 346,138 shares or 0% of their US portfolio. Moreover, Hutchin Hill Capital Limited Partnership has 0.04% invested in EP Energy Corp (NYSE:EPE) for 208,900 shares. The Illinois-based Balyasny Asset Mngmt Ltd Company has invested 0% in EP Energy Corp (NYSE:EPE). Us Natl Bank De has 4,117 shares for 0% of their US portfolio. Blackrock Investment Mngmt Limited Com accumulated 156,734 shares or 0% of the stock. Blackrock Institutional Trust Na holds 0% or 1.61M shares in its portfolio. Parametric Port Associates Ltd Liability Corporation reported 1.65 million shares or 0.01% of all its holdings. Globeflex Limited Partnership has invested 0.1% of its portfolio in EP Energy Corp (NYSE:EPE). Moreover, Wasatch Advsr Inc has 0.07% invested in EP Energy Corp (NYSE:EPE) for 901,411 shares. Riverstone Holdg last reported 31.28M shares in the company. Kcg Holdings holds 0% of its portfolio in EP Energy Corp (NYSE:EPE) for 11,575 shares. Verition Fund Mngmt Lc last reported 16,142 shares in the company.

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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