Notable Runner: Time to Buy EP Energy Corp After Today’s Huge Increase?

Notable Runner: Time to Buy EP Energy Corp After Today's Huge Increase?

The stock of EP Energy Corp (NYSE:EPE) is a huge mover today! About 1.39M shares traded hands. EP Energy Corp (NYSE:EPE) has declined 31.65% since March 16, 2016 and is downtrending. It has underperformed by 37.19% the S&P500.
The move comes after 5 months positive chart setup for the $1.17B company. It was reported on Oct, 19 by Barchart.com. We have $5.36 PT which if reached, will make NYSE:EPE worth $245.70M more.

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 $58.10M for 5.03 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. Deutsche Bank maintained it with “Hold” rating and $7 target price in Tuesday, June 14 report. The stock has “Buy” rating given by SunTrust on Monday, October 19. The firm earned “Neutral” rating on Friday, April 15 by JP Morgan. JP Morgan initiated the shares of EPE in a report on Wednesday, December 9 with “Overweight” rating. The stock has “Neutral” rating given by Credit Suisse on Tuesday, March 8. The rating was downgraded by UBS to “Neutral” on Friday, February 19. The rating was initiated by Nomura with “Neutral” on Thursday, December 3. As per Thursday, April 7, the company rating was maintained by Citigroup. As per Wednesday, December 9, the company rating was maintained by Deutsche Bank. As per Tuesday, March 22, the company rating was downgraded by Bank of America.

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.
Cubist Systematic Strategies Lc has 15,648 shares for 0% of their US portfolio. Lucus Advsr Ltd has 59,316 shares for 0.25% of their US portfolio. Blackrock Advisors Limited Liability has invested 0% of its portfolio in EP Energy Corp (NYSE:EPE). Ellington Mngmt Grp Inc Limited Liability Corp has invested 0.48% of its portfolio in EP Energy Corp (NYSE:EPE). Geode Cap Mgmt Ltd Liability Com has 266,219 shares for 0% of their US portfolio. Sei Investments holds 299,673 shares or 0.01% of its portfolio. First Quadrant Ltd Partnership Ca has 162,700 shares for 0.02% of their US portfolio. Panagora Asset Management Incorporated, a Massachusetts-based fund reported 263,685 shares. Blackrock Invest Limited Liability Corp reported 156,734 shares or 0% of all its holdings. State Street owns 655,072 shares or 0% of their US portfolio. Royal Bank Of Canada owns 229,888 shares or 0% of their US portfolio. The Pennsylvania-based Federated Pa has invested 0% in EP Energy Corp (NYSE:EPE). Blackrock Group Inc owns 29,419 shares or 0% of their US portfolio. Blackrock Institutional Na holds 0% of its portfolio in EP Energy Corp (NYSE:EPE) for 1.61M shares. Invesco Ltd owns 1.20 million shares or 0% of their US portfolio.

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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