Stifel Nicolaus Reaffirms Hold Rating for EP Energy Corp (EPE)

Stifel Nicolaus Reaffirms Hold Rating for EP Energy Corp (EPE)

EPE has been the topic of a number of other reports. Royal Bank of Canada restated a buy rating and issued a $8.00 target price on shares of EP Energy Corp in a report on Friday, March 31st. Citigroup Inc upgraded EP Energy Corp from a sell rating to a neutral rating and lifted their target price for the stock from $5.00 to $6.00 in a report on Tuesday, May 9th. FBR & Co set a $5.00 target price on EP Energy Corp and gave the stock a hold rating in a report on Tuesday, May 16th. Scotiabank set a $6.00 target price on EP Energy Corp and gave the stock a hold rating in a report on Thursday, March 2nd. Finally, Jefferies Group LLC restated an underperform rating and issued a $4.00 target price (up from $3.50) on shares of EP Energy Corp in a report on Sunday, April 23rd. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. EP Energy Corp presently has an average rating of Hold and an average target price of $5.21.

Stifel Nicolaus reissued their hold rating on shares of EP Energy Corp (NYSE:EPE) in a research report released on Friday morning. The firm currently has a $5.00 price objective on the energy producer’s stock.

Shares of EP Energy Corp (EPE) opened at 4.20 on Friday. The stock has a 50 day moving average price of $4.62 and a 200 day moving average price of $5.10. The stock’s market capitalization is $1.07 billion. EP Energy Corp has a 12 month low of $3.29 and a 12 month high of $7.49.

In other news, VP Francis C. Olmsted III sold 15,824 shares of the firm’s stock in a transaction on Tuesday, May 9th. The stock was sold at an average price of $4.54, for a total value of $71,840.96. Following the completion of the sale, the vice president now owns 141,964 shares of the company’s stock, valued at $644,516.56. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 1.40% of the company’s stock.

Hedge funds have recently modified their holdings of the company. Ronald Blue & Co. LLC boosted its stake in shares of EP Energy Corp by 4.8% in the first quarter. Ronald Blue & Co. LLC now owns 22,289 shares of the energy producer’s stock valued at $106,000 after buying an additional 1,024 shares during the period. American International Group Inc. boosted its stake in shares of EP Energy Corp by 7.1% in the first quarter. American International Group Inc. now owns 23,840 shares of the energy producer’s stock valued at $113,000 after buying an additional 1,581 shares during the period. Koch Industries Inc. acquired a new stake in shares of EP Energy Corp during the fourth quarter valued at approximately $163,000. Metropolitan Life Insurance Co. NY acquired a new stake in shares of EP Energy Corp during the fourth quarter valued at approximately $168,000. Finally, Cigna Investments Inc. New acquired a new stake in shares of EP Energy Corp during the fourth quarter valued at approximately $180,000. 73.06% of the stock is owned by institutional investors and hedge funds.

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 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).new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “EPE”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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