The stock of EP Energy Corp (NYSE:EPE) is a huge mover today! About 652,104 shares traded hands. EP Energy Corp (NYSE:EPE) has declined 2.03% since April 21, 2016 and is downtrending. It has underperformed by 7.36% the S&P500.
The move comes after 7 months positive chart setup for the $1.09B company. It was reported on Nov, 23 by Barchart.com. We have $4.83 PT which if reached, will make NYSE:EPE worth $87.20M more.
Analysts await EP Energy Corp (NYSE:EPE) to report earnings on February, 16. They expect $0.20 EPS, down 9.09% or $0.02 from last year’s $0.22 per share. EPE’s profit will be $48.32M for 5.59 P/E if the $0.20 EPS becomes a reality. After $0.10 actual EPS reported by EP Energy Corp for the previous quarter, Wall Street now forecasts 100.00% 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 rating was maintained by Topeka Capital Markets with “Buy” on Wednesday, October 14. The stock of EP Energy Corp (NYSE:EPE) has “Buy” rating given on Monday, October 19 by SunTrust. GMP Securities initiated EP Energy Corp (NYSE:EPE) rating on Wednesday, February 3. GMP Securities has “Hold” rating and $4 price target. The stock has “Market Perform” rating given by Northland Capital on Monday, February 22. Deutsche Bank maintained it with “Hold” rating and $7 target price in Tuesday, June 14 report. The rating was initiated by JP Morgan on Wednesday, December 9 with “Overweight”. The firm has “Buy” rating given on Thursday, July 30 by Topeka Capital Markets. Citigroup upgraded EP Energy Corp (NYSE:EPE) rating on Thursday, November 12. Citigroup has “Neutral” rating and $6 price target. The rating was downgraded by Credit Suisse to “Neutral” on Tuesday, March 8. On Thursday, December 3 the stock rating was initiated by Nomura with “Neutral”.
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 1.41 in Q2 2016. Its up 0.01, from 1.4 in 2016Q1. The ratio improved, 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.
Schwab Charles Invest Management Inc has 0% invested in the company for 185,714 shares. Moreover, Bank & Trust Of Montreal Can has 0% invested in EP Energy Corp (NYSE:EPE) for 14,636 shares. Bogle Investment Mgmt Ltd Partnership De has invested 0.33% of its portfolio in EP Energy Corp (NYSE:EPE). Us Natl Bank De has 4,117 shares for 0% of their US portfolio. Kcg has 0% invested in the company for 11,575 shares. Riverstone Hldgs Lc accumulated 9.56% or 31.28 million shares. Price T Rowe Associates Md holds 36,300 shares or 0% of its portfolio. Hutchin Hill Ltd Partnership has invested 0.04% of its portfolio in EP Energy Corp (NYSE:EPE). Invesco Ltd accumulated 1.20 million shares or 0% of the stock. Apollo Limited Partnership holds 17.69% or 106.34 million shares in its portfolio. Renaissance Technology Limited accumulated 43,200 shares or 0% of the stock. American accumulated 22,283 shares or 0% of the stock. Connor Clark Lunn Mgmt holds 0% of its portfolio in EP Energy Corp (NYSE:EPE) for 14,400 shares. Moreover, Mackenzie has 0% invested in EP Energy Corp (NYSE:EPE) for 64,237 shares. One Trading Limited Partnership, a Illinois-based fund reported 48,905 shares.
Another recent and important EP Energy Corp (NYSE:EPE) news was published by Prnewswire.com which published an article titled: “EP Energy Announces Pricing Of 8.00% Senior Secured Notes Due 2024” on November 17, 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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