EP Energy Corporation (EPE) Lifted to “Sell” at BidaskClub

BidaskClub upgraded shares of EP Energy Corporation (NYSE:EPE) from a strong sell rating to a sell rating in a research report report published on Saturday.

Other equities research analysts also recently issued research reports about the stock. Royal Bank Of Canada reiterated a buy rating and set a $8.00 price target on shares of EP Energy Corporation in a research note on Friday, March 31st. Stifel Nicolaus initiated coverage on shares of EP Energy Corporation in a research note on Thursday, April 13th. They set a hold rating and a $5.00 price target on the stock. Scotiabank reiterated a hold rating and set a $4.00 price target on shares of EP Energy Corporation in a research note on Tuesday, June 6th. Deutsche Bank AG decreased their price target on shares of EP Energy Corporation from $7.00 to $6.00 and set a hold rating on the stock in a research note on Tuesday, March 7th. Finally, FBR & Co reiterated a hold rating on shares of EP Energy Corporation in a research note on Thursday, March 2nd. Four analysts have rated the stock with a sell rating, nine have given a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of Hold and a consensus target price of $5.21.

Analyst Recommendations for EP Energy Corporation (NYSE:EPE)

Shares of EP Energy Corporation (NYSE EPE) traded up 1.53% during mid-day trading on Friday, hitting $3.99. 1,798,117 shares of the company’s stock were exchanged. The company’s market capitalization is $1.02 billion. EP Energy Corporation has a 52 week low of $3.29 and a 52 week high of $7.49. The firm has a 50 day moving average price of $4.35 and a 200-day moving average price of $5.07.

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In other EP Energy Corporation news, VP Francis C. Olmsted III sold 15,824 shares of EP Energy Corporation stock in a transaction on Tuesday, May 9th. The stock was sold at an average price of $4.54, for a total transaction of $71,840.96. Following the completion of the transaction, the vice president now directly owns 141,964 shares of the company’s stock, valued at $644,516.56. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.30% of the stock is currently owned by company insiders.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Bowling Portfolio Management LLC boosted its position in EP Energy Corporation by 0.6% in the fourth quarter. Bowling Portfolio Management LLC now owns 103,883 shares of the energy producer’s stock worth $680,000 after buying an additional 628 shares in the last quarter. Ronald Blue & Co. LLC boosted its position in EP Energy Corporation by 4.8% in the first quarter. Ronald Blue & Co. LLC now owns 22,289 shares of the energy producer’s stock worth $106,000 after buying an additional 1,024 shares in the last quarter. American International Group Inc. boosted its position in EP Energy Corporation by 7.1% in the first quarter. American International Group Inc. now owns 23,840 shares of the energy producer’s stock worth $113,000 after buying an additional 1,581 shares in the last quarter. Alliancebernstein L.P. boosted its position in EP Energy Corporation by 1.2% in the first quarter. Alliancebernstein L.P. now owns 170,762 shares of the energy producer’s stock worth $811,000 after buying an additional 2,100 shares in the last quarter. Finally, Public Employees Retirement System of Ohio boosted its position in EP Energy Corporation by 7.5% in the first quarter. Public Employees Retirement System of Ohio now owns 53,428 shares of the energy producer’s stock worth $254,000 after buying an additional 3,715 shares in the last quarter. 72.32% of the stock is owned by institutional investors and hedge funds.

EP Energy Corporation Company Profile

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 base of producing assets. It is involved in the development of its drilling inventory located in three areas: the Eagle Ford Shale (South Texas), the Wolfcamp Shale (Permian Basin in West Texas) and the Altamont Field in the Uinta Basin (Northeastern Utah).

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