The stock of EP Energy Corp (NYSE:EPE) is a huge mover today! About 2.82M shares traded hands or 8.88% up from the average. EP Energy Corp (NYSE:EPE) has declined 20.19% since April 27, 2016 and is downtrending. It has underperformed by 25.42% the S&P500.
The move comes after 8 months positive chart setup for the $1.21B company. It was reported on Nov, 30 by Barchart.com. We have $5.22 PT which if reached, will make NYSE:EPE worth $48.40 million 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 $48.21 million for 6.28 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. JP Morgan initiated EP Energy Corp (NYSE:EPE) on Wednesday, December 9 with “Overweight” rating. The stock of EP Energy Corp (NYSE:EPE) earned “Hold” rating by Deutsche Bank on Wednesday, December 9. As per Wednesday, October 14, the company rating was maintained by Topeka Capital Markets. The firm has “Accumulate” rating by KLR Group given on Monday, March 14. The stock of EP Energy Corp (NYSE:EPE) earned “Neutral” rating by Nomura on Monday, February 22. The firm has “Sell” rating given on Friday, March 11 by Goldman Sachs. Citigroup maintained EP Energy Corp (NYSE:EPE) rating on Thursday, April 7. Citigroup has “Neutral” rating and $4.50 price target. As per Wednesday, July 22, the company rating was initiated by Credit Suisse. The firm has “Buy” rating given on Monday, July 18 by KLR Group. The rating was maintained by RBC Capital Markets with “Outperform” on Monday, February 22.
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 2016 Q2. 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.
Panagora Asset Management, a Massachusetts-based fund reported 263,685 shares. Barclays Public Limited Com holds 88 shares or 0% of its portfolio. California State Teachers Retirement System holds 81,167 shares or 0% of its portfolio. Credit Suisse Ag has 0% invested in the company for 148,281 shares. Moreover, Citigroup has 0% invested in EP Energy Corp (NYSE:EPE) for 2,280 shares. Cornerstone Capital Mgmt Ltd holds 0% of its portfolio in EP Energy Corp (NYSE:EPE) for 46,127 shares. Northern Trust Corp accumulated 1.26M shares or 0% of the stock. Bankshares Of Montreal Can reported 14,636 shares or 0% of all its holdings. Balyasny Asset Management accumulated 0% or 16,282 shares. Columbia Pacific Advisors Ltd Llc holds 2.43% of its portfolio in EP Energy Corp (NYSE:EPE) for 769,501 shares. Hbk Invs Lp accumulated 0.05% or 1.15M shares. Clearbridge Invs Ltd Liability Corp holds 750 shares or 0% of its portfolio. Amer owns 22,283 shares or 0% of their US portfolio. Bnp Paribas Arbitrage holds 1,864 shares or 0% of its portfolio. Moreover, Invesco Ltd has 0% invested in EP Energy Corp (NYSE:EPE) for 1.20M shares.
More news for EP Energy Corp (NYSE:EPE) were recently published by: Prnewswire.com, which released: “EP Energy Announces Pricing Of 8.00% Senior Secured Notes Due 2024” on November 17, 2016. Seekingalpha.com‘s article titled: “EP Energy Comeback: Production Improvements And Debt Monster Separation” and published on November 28, 2016 is yet another important article.
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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