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EP Energy (NYSE:EPE) Receives New Coverage by Deutsche Bank and has $2.5 TP

Deutsche Securities Analyst Rating Change EP Energy NYSE:EPE

EP Energy (NYSE:EPE) Price Target & New Coverage by Deutsche Bank

In a report released on 2 February, Stock research analysts at Deutsche Bank has initiated coverage on shares of EP Energy (NYSE:EPE). The firm set a “Hold” rating with $2.5, giving -7.41 % to target.

The initiation is well-received by investors, as NYSE:EPE is now trading 1.98% higher at $2.58 as of 4:06 PM New York time. EP Energy’s stock is 0% over the last 200 days. It has underperformed the Standard & Poor’s 500 index, which has increased 6.00% over the same time period.

Out of 4 analysts covering EP Energy, 0 rate it a Buy, 0 indicate a Hold while 0 suggest a Sell. The highest target is $65 and the lowest is $42 according to Thomson/First Call. The 12-month mean target is $57.5, which means upside potential of 2128.68% over the current price.

Institutional Ownership

Apollo Management Holdings L.P. had the biggest stake with ownership of 112.60 million shares as of q2 2015 for 16.47% of the US long stock exposure. Riverstone Holdings Llc is another bullish active investment manager who is possessing 31.28 million shares of EP Energy or 8.13% of their US long stock exposure. Furthermore, Columbia Pacific Advisors Llc have 2.26% of their US long stock exposure invested in the company for 821,117 shares. The New York-based fund Vollero Beach Capital Partners Llc revealed it had acquired so far a stake worth about 0.51% of the active investment manager’s stock portfolio in EP Energy. The New Jersey-based fund Nine Chapters Capital Management Llc is also positive about the stock, possessing 296,398 shares or 0.37% of their US long stock exposure.

EP Energy (NYSE:EPE) 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.

EP Energy (NYSE:EPE) traded up 1.98% on 2 February, hitting $2.58. A total of 844,361 shares of the company’s stock traded hands. This is up from average of 619,966 shares. EP Energy has a 52 week low of $2.23 and a 52 week high of $7.49. The company has a market cap of $659.95M and a P/E ratio of 0.

Get the latest EP Energy (NYSE:EPE) Stock Ratings at Octafinance. Completely free access to our Analyst Ratings Database for 6000+ stocks.

The post EP Energy (NYSE:EPE) Receives New Coverage by Deutsche Bank and has $2.5 TP appeared first on Octafinance.

This post first appeared on Octafinance – Financial News, Reports And Intell, please read the originial post: here

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EP Energy (NYSE:EPE) Receives New Coverage by Deutsche Bank and has $2.5 TP


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