Trade Report: The Brokerages gives Consensus Recommendation of “Hold” to EP Energy Corp. (NYSE:EPE)

The Brokerages gives Consensus Recommendation of “Hold” to EP Energy Corp. (NYSE:EPE)

EP Energy Corp. (NYSE:EPE) has been assigned a consensus recommendation of “Hold” from the twenty-four ratings firms that are presently covering the company. Six research analysts have rated the stock with a sell recommendation, fourteen have issued a hold recommendation, two have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $5.10.

A number of brokerages have recently commented on EPE. Zacks Investment Research cut EP Energy Corp. from a “buy” rating to a “hold” rating in a research report on Friday, July 29th. Deutsche Bank AG upped their price target on EP Energy Corp. from $6.00 to $7.00 and gave the company a “hold” rating in a research report on Tuesday, June 14th. Jefferies Group reaffirmed an “underperform” rating and set a $3.00 price target (up previously from $2.50) on shares of EP Energy Corp. in a research report on Monday, July 18th. Citigroup Inc. reaffirmed a “neutral” rating and set a $5.00 price target (down previously from $6.50) on shares of EP Energy Corp. in a research report on Monday, July 18th. Finally, KLR Group raised EP Energy Corp. from an “accumulate” rating to a “buy” rating and dropped their price target for the company from $7.00 to $6.50 in a research report on Monday, July 18th.

A number of institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. raised its position in EP Energy Corp. by 92.0% in the second quarter. Vanguard Group Inc. now owns 4,768,504 shares of the company’s stock valued at $24,700,000 after buying an additional 2,285,445 shares during the last quarter. JPMorgan Chase & Co. raised its position in EP Energy Corp. by 150.0% in the second quarter. JPMorgan Chase & Co. now owns 2,602,084 shares of the company’s stock valued at $13,479,000 after buying an additional 1,561,209 shares during the last quarter. HBK Investments L P raised its position in EP Energy Corp. by 164.4% in the first quarter. HBK Investments L P now owns 1,320,496 shares of the company’s stock valued at $5,969,000 after buying an additional 821,015 shares during the last quarter. BlackRock Fund Advisors raised its position in EP Energy Corp. by 195.1% in the second quarter. BlackRock Fund Advisors now owns 956,664 shares of the company’s stock valued at $4,956,000 after buying an additional 632,521 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. raised its position in EP Energy Corp. by 312.9% in the first quarter. Jacobs Levy Equity Management Inc. now owns 720,038 shares of the company’s stock valued at $3,255,000 after buying an additional 545,638 shares during the last quarter. Institutional investors and hedge funds own 73.23% of the company’s stock.

10/05/ep-energy-corp-nyseepe-given-consensus-recommendation-of-hold-by-brokerages.html

EP Energy Corp. (NYSE:EPE) traded up 5.649% on Wednesday, reaching $4.395. The company’s stock had a trading volume of 1,598,138 shares. EP Energy Corp. has a 52-week low of $1.60 and a 52-week high of $7.99. The firm’s market cap is $1.11 billion. The stock’s 50 day moving average price is $4.16 and its 200 day moving average price is $4.70.

EP Energy Corp. (NYSE:EPE) last issued its quarterly earnings results on Wednesday, August 3rd. The company reported $0.21 EPS for the quarter, beating analysts’ consensus estimates of $0.17 by $0.04. During the same period in the previous year, the firm posted $0.17 EPS.

Related posts

Leave a Comment