The stock of EP Energy Corp (NYSE:EPE) is a huge mover today! About 1.18 million shares traded hands. EP Energy Corp (NYSE:EPE) has declined 16.59% since April 13, 2016 and is downtrending. It has underperformed by 20.52% the S&P500.
The move comes after 8 months positive chart setup for the $1.05B company. It was reported on Nov, 15 by Barchart.com. We have $6.65 PT which if reached, will make NYSE:EPE worth $682.50 million more.
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 stock of EP Energy Corp (NYSE:EPE) earned “Buy” rating by KLR Group on Monday, July 18. On Wednesday, December 9 the stock rating was maintained by Deutsche Bank with “Hold”. The stock of EP Energy Corp (NYSE:EPE) has “Neutral” rating given on Tuesday, May 17 by Citigroup. The stock of EP Energy Corp (NYSE:EPE) earned “Accumulate” rating by KLR Group on Monday, March 14. The firm earned “Neutral” rating on Friday, April 15 by JP Morgan. Northland Capital upgraded EP Energy Corp (NYSE:EPE) on Friday, August 5 to “Market Perform” rating. The firm earned “Underperform” rating on Monday, March 21 by Northland Capital. The stock of EP Energy Corp (NYSE:EPE) earned “Underperform” rating by Jefferies on Monday, July 18. Northland Capital maintained it with “Outperform” rating and $14 target price in Thursday, July 30 report. The rating was initiated by JP Morgan on Wednesday, December 9 with “Overweight”.
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 Q2 2016. Its up 0.91, from 0.49 in 2016Q1. The ratio is positive, 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.
Morgan Stanley has 0% invested in the company for 273,660 shares. Clearbridge Investments Lc holds 0% or 750 shares in its portfolio. Spark Inv Mngmt reported 703,900 shares or 0.34% of all its holdings. Aqr Management reported 5.61 million shares or 0.05% of all its holdings. Blackrock Inv Lc holds 0% of its portfolio in EP Energy Corp (NYSE:EPE) for 156,734 shares. Millennium Management Llc, a New York-based fund reported 706,513 shares. Point72 Asia (Hong Kong) Ltd, a Hong Kong-based fund reported 1,183 shares. Deutsche Comml Bank Ag last reported 86,799 shares in the company. Nationwide Fund Advisors accumulated 132,950 shares or 0% of the stock. Tower Rech Limited Liability (Trc) has invested 0.01% of its portfolio in EP Energy Corp (NYSE:EPE). Moreover, Grantham Mayo Van Otterloo Co Limited Co has 0% invested in EP Energy Corp (NYSE:EPE) for 14,900 shares. Balyasny Asset Mgmt Limited Liability Company last reported 16,282 shares in the company. Manufacturers Life The holds 0% of its portfolio in EP Energy Corp (NYSE:EPE) for 32,938 shares. Cornerstone Cap Management Hldgs Llc holds 46,127 shares or 0% of its portfolio. Moreover, Connor Clark & Lunn Investment Management has 0% invested in EP Energy Corp (NYSE:EPE) for 14,400 shares.
Another recent and important EP Energy Corp (NYSE:EPE) news was published by Prnewswire.com which published an article titled: “EP Energy to Host Third Quarter 2016 Results Webcast on October 27” on October 21, 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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