The company is trading down by 6.20%% since yesterday’s close of 2.74. Shares of the company are trading at $2.57 quite a bit below the 50 day moving average of $3.06 and which is quite a bit below the 200 day moving average of $3.69. The 50 day moving average was down by -15.89% and the 200 day average moved down $-1.12.
Investors are a little more bullish on shares of the company recently at least if you consider the change in short interest. The firm saw a fall in short interest of -11.47% as of the latest report on September 29, 2017. Short shares decreased from 10,017,283 to 8,867,979 over that timeframe. Days to cover decreased -6.0 to 14.0 and the percentage of shorted shares is 0.04% as of September 29.
EP Energy Corporation (EP Energy), launched on August 8, 2013, is an independent exploration and production company. The Company is involved 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). As of December 31, 2016, in its operating areas, the Company had identified 5,156 drilling locations (including 639 drilling locations to which it has attributed proved undeveloped reserves)..
Additionally, here are a few investment firms who have increased or decreased their stake in (EPE). Engineers Gate Manager Lp reduced its position by selling 60,832 shares a decrease of 41.5%. Engineers Gate Manager Lp now controls 85,614 shares valued at $313,000. The value of the position overall is down by 67.4%. Vident Investment Advisory, LLC grew its ownership by buying 7,313 shares an increase of 1.7% as of 06/30/2017. Vident Investment Advisory, LLC currently owns 427,105 shares with a value of $1,563,000. The total value of its holdings decreased 21.6%.
Cutler Group LP expanded its investment by buying 247 shares an increase of 42.3% in the quarter. Cutler Group LP owns 831 shares worth $2,000. The total value of its holdings decreased 0.0%. Bank Of Montreal /can/ cut its stake by selling 36 shares a decrease of 3.9% from 06/30/2017 to 09/30/2017. Bank Of Montreal /can/ now holds 882 shares worth $3,000. The value of the position overall is down by 0.0%.
On July 20 the stock rating was downgraded to “Underperform” from “Outperform” with a current price target of $4.00 in an announcement from RBC Capital. Equity analyst RBC Capital both downgraded the stock and lowered the price target on July 20 cutting the price target from $28.00 to $4.00 and changing the rating from “Outperform” to “Underperform”.
On July 21, 2017 the stock rating was rated “Sell” according to a Citigroup report a cut from the previous “Neutral” rating.