Today: Today, California Public Employees Retirement System decides to keep it stake in EP Energy Corp. (EPE) to the level of $2,008,000

Today, California Public Employees Retirement System decides to keep it stake in EP Energy Corp. (EPE) to the level of $2,008,000

California Public Employees Retirement System boosted its stake in EP Energy Corp. (NYSE:EPE) by 7.8% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 387,600 shares of the company’s stock after buying an additional 28,200 shares during the period. California Public Employees Retirement System owned approximately 0.15% of EP Energy Corp. worth $2,008,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Geode Capital Management LLC boosted its position in EP Energy Corp. by 0.6% in the first quarter. Geode Capital Management LLC now owns 220,678 shares of the company’s stock valued at $997,000 after buying an additional 1,208 shares in the last quarter. California State Teachers Retirement System boosted its position in EP Energy Corp. by 8.1% in the second quarter. California State Teachers Retirement System now owns 81,167 shares of the company’s stock valued at $420,000 after buying an additional 6,054 shares in the last quarter. Royal Bank of Canada boosted its position in EP Energy Corp. by 8.1% in the first quarter. Royal Bank of Canada now owns 243,314 shares of the company’s stock valued at $1,099,000 after buying an additional 18,209 shares in the last quarter. CIBC World Markets Inc. purchased a new position in EP Energy Corp. during the second quarter valued at about $195,000. Finally, State Street Corp boosted its position in EP Energy Corp. by 4.8% in the first quarter. State Street Corp now owns 967,678 shares of the company’s stock valued at $4,378,000 after buying an additional 44,338 shares in the last quarter. 73.23% of the stock is owned by hedge funds and other institutional investors.

Shares of EP Energy Corp. (NYSE:EPE) traded down 2.07% during trading on Thursday, hitting $4.26. 841,385 shares of the company’s stock were exchanged. The firm’s market capitalization is $1.08 billion. EP Energy Corp. has a 1-year low of $1.60 and a 1-year high of $7.97. The stock’s 50 day moving average is $4.15 and its 200 day moving average is $4.70.

EP Energy Corp. (NYSE:EPE) last released its earnings results on Wednesday, August 3rd. The company reported $0.21 EPS for the quarter, topping analysts’ consensus estimates of $0.17 by $0.04. During the same quarter in the prior year, the company earned $0.17 earnings per share.

Several research firms recently issued reports on EPE. Zacks Investment Research cut shares of EP Energy Corp. from a “buy” rating to a “hold” rating in a report on Friday, July 29th. Deutsche Bank AG increased their target price on shares of EP Energy Corp. from $6.00 to $7.00 and gave the company a “hold” rating in a report on Tuesday, June 14th. Jefferies Group reaffirmed an “underperform” rating and issued a $3.00 target price (up from $2.50) on shares of EP Energy Corp. in a report on Monday, July 18th. Citigroup Inc. reaffirmed a “neutral” rating and issued a $5.00 target price (down from $6.50) on shares of EP Energy Corp. in a report on Monday, July 18th. Finally, KLR Group raised shares of EP Energy Corp. from an “accumulate” rating to a “buy” rating and dropped their target price for the company from $7.00 to $6.50 in a report on Monday, July 18th. Six equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $4.76.

About EP Energy Corp.

EP Energy Corporation (EP Energy) is an independent exploration and production company. The Company is engaged in the acquisition and development of unconventional onshore oil and natural gas properties in the United States. The Company 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).

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