EP Energy Corporation (NYSE:EPE): What JP Morgan Is Saying About Their Stock


How JP Morgan Currently Rates EP Energy Corporation (NYSE:EPE)

JP Morgan issued to clients in a recent research note that it have started coverage on EP Energy Corporation (NYSE:EPE) stock, with “Overweight” rating.

From a total of 4 analysts covering EP Energy Corporation (NYSE:EPE) stock, 0 rate it a ”Buy”, 0 a “Sell”, and 0 a ”Hold”. This means that NaN of the ratings are positive. The highest target price is $65 while the lowest target price is $42. The mean of all analyst targets is $57.5 with a 167.53% above today’s ($3.88) stock price. EP Energy Corporation was the topic of 17 analyst reports since July 21, 2015 according to the firm StockzIntelligence Inc. Nomura initiated shares on December 3 with “Neutral” rating. Northland Capital maintained shares with “Outperform” rating and $14 target share price in a report from a July 30. RBC Capital Markets maintained EPE stock in a recent report from October 30 with “Outperform” rating. Credit Suisse initiated the rating on July 22. Credit Suisse has a “Outperform” rating and a $17 price target on shares. Finally, Topeka Capital Markets maintained the stock with “Buy” rating in a report issued on an October 14.

Approximately 2.41 million shares of stock traded hands. EP Energy Corp (NYSE:EPE) has declined 72.83% since May 6, 2015 and is downtrending. It has underperformed by 72.04% the S&P500.

The overall sentiment of institutions has increased to 1.89 in Q2 2015. Its up 0.86, from 1.03 in 2015Q2. The ratio improved, as 19 institutions have sold all the shares of EP Energy Corp that they owned while 26 funds have taken shares off the table. 27 funds have purchased shares for the first time while 58 added to their positions. These institutions now hold 198.33 million shares or 8.67% more than the 182.52 million shares they owned in 2015Q2.

The Fund Apollo Management Holdings L.P. currently is holding shares equating to 14.23% of its total portfolio in EP Energy Corp representing a total of 112.60 million shares. Another fund,Riverstone Holdings Llc, is holding a total of 31.28 million shares equating to 11.06% of their holdings. Additionally, Alta Advisers Ltd has a 426,414 share stake in EP Energy Corp which represents 3.58% of their total portfolio. The Fund, Columbia Pacific Advisors Llc, based out of Washington, has also built up a stake in the stock, which represents a total of 3.42% of their total portfolio. Finally Encompass Capital Advisors Llc, a fund which is based in the state of New York reported a total holdings of 3.10 million shares.

EP Energy Corporation is an independent exploration and production company. The company has a market cap of $975.22 million. The Firm is engaged in the acquisition and development of unconventional onshore oil and natural gas properties in the United States. It has 1.54 P/E ratio. The Firm operates through a base of producing assets located in four operating areas, which include the Eagle Ford Shale, the Wolfcamp Shale, the Altamont field in the Uinta Basin Northeastern Utah and the Haynesville Shale.

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.” Get a free copy of the Zacks research report on EP Energy Corp (EPE).