Royal Bank of Canada Has $681,000 Stake in EP Energy Corporation (EPE)

Royal Bank of Canada lessened its position in EP Energy Corporation (NYSE:EPE) by 27.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 186,145 shares of the energy producer’s stock after selling 69,788 shares during the period. Royal Bank of Canada owned about 0.07% of EP Energy Corporation worth $681,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. American International Group Inc. raised its position in shares of 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 valued at $113,000 after buying an additional 1,581 shares during the last quarter. Wells Fargo & Company MN raised its position in shares of EP Energy Corporation by 11.7% in the second quarter. Wells Fargo & Company MN now owns 28,848 shares of the energy producer’s stock valued at $106,000 after buying an additional 3,028 shares during the last quarter. KCG Holdings Inc. raised its position in shares of EP Energy Corporation by 24.4% in the first quarter. KCG Holdings Inc. now owns 44,036 shares of the energy producer’s stock valued at $209,000 after buying an additional 8,645 shares during the last quarter. Public Employees Retirement System of Ohio raised its position in shares of 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 valued at $254,000 after buying an additional 3,715 shares during the last quarter. Finally, Rhumbline Advisers raised its position in shares of EP Energy Corporation by 0.6% in the second quarter. Rhumbline Advisers now owns 58,536 shares of the energy producer’s stock valued at $214,000 after buying an additional 375 shares during the last quarter. 70.14% of the stock is owned by institutional investors and hedge funds.

EPE has been the subject of a number of analyst reports. Citigroup Inc. cut their price objective on shares of EP Energy Corporation from $5.00 to $4.00 and set a “neutral” rating for the company in a research report on Thursday, July 13th. Jefferies Group LLC set a $4.00 price objective on shares of EP Energy Corporation and gave the company a “sell” rating in a research report on Wednesday, July 19th. Bank of America Corporation initiated coverage on shares of EP Energy Corporation in a research report on Wednesday, July 19th. They issued an “underperform” rating and a $4.00 price objective for the company. ValuEngine raised shares of EP Energy Corporation from a “strong sell” rating to a “sell” rating in a research report on Wednesday, July 19th. Finally, Royal Bank Of Canada lowered shares of EP Energy Corporation from an “outperform” rating to a “sector perform” rating and cut their price objective for the company from $7.00 to $4.50 in a research report on Thursday, July 20th. Eight investment analysts have rated the stock with a sell rating and eight have assigned a hold rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $3.68.

Shares of EP Energy Corporation (EPE) opened at $2.71 on Friday. The company has a quick ratio of 0.67, a current ratio of 0.69 and a debt-to-equity ratio of 8.01. EP Energy Corporation has a 52 week low of $2.23 and a 52 week high of $7.49.

EP Energy Corporation (NYSE:EPE) last released its quarterly earnings data on Wednesday, November 1st. The energy producer reported ($0.12) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.13) by $0.01. EP Energy Corporation had a negative net margin of 25.44% and a negative return on equity of 8.50%. The company had revenue of $219.00 million during the quarter, compared to the consensus estimate of $264.90 million. During the same period in the previous year, the firm earned $0.10 earnings per share. research analysts expect that EP Energy Corporation will post -0.45 earnings per share for the current fiscal year.

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EP Energy Corporation 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).

Institutional Ownership by Quarter for EP Energy Corporation (NYSE:EPE)

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