EP Energy Corporation (NYSE:EPE) Stake Maintained by Riverstone Holdings LLC

Xavier Trudeau
Août 13, 2017

Seadrill Ltd (NYSE:SDRL) shares traded on -5.52% down secure line and closed at $0.32. It worsened, as 22 investors sold EP Energy Corp shares while 31 reduced holdings. Finally, Wells Fargo & Company MN boosted its position in Sanchez Energy Corporation by 64.0% in the first quarter. Mackay Shields LLC now owns 16,611 shares of the energy producer's stock valued at $119,000 after buying an additional 3,362 shares during the period. Jpmorgan Chase & Co claims 401,800 shares with a value of $1,471,000. State Street Corp boosted its position in shares of Sanchez Energy Corporation by 45.8% in the first quarter. Nationwide Fund Advisors increased its position in shares of Sanchez Energy Corporation by 44.1% in the first quarter. Riverstone Holdings held about 12.26% of EP Energy Corporation valued $114,473,000 during the latest fiscal quarter. Moreover, Blackrock Group Inc Limited has 0% invested in EP Energy Corp (NYSE:EPE) for 60,180 shares. Legal & General Group Plc now owns 17,348 shares of the energy producer's stock valued at $165,000 after buying an additional 3,733 shares during the period.

Media coverage about Sanchez Energy Corporation (NYSE:SN) has trended somewhat positive this week, Accern reports. For the current year the company's revenue estimates are $745.28 Million compared to low analyst estimates of $668 Million and high estimates of $844 Million according to 9 number of analysts. The 50 day moving average was down $-0.32 or -8.93% whereas the 200 day moving average was down $-1.19 or -27.00%.

EP Energy Corporation (NYSE:EPE) was down -0.31% (-$0.01) to $3.23 and showed a volume of 1.01 mln shares.

In case of Revenue Estimates, 9 analysts have provided their consensus Average Revenue Estimates for Sanchez Energy Corporation as 182.24 Million.

While considering growth estimates of the company, it has next quarter growth estimates of -85.7% whereas during current quarter it has -1500% estimations over growth, comparing to the estimations of -1300% during current year and 268.8% for next year. During the same quarter a year ago, the firm posted ($3.20) EPS. Analysts anticipate that Sanchez Energy Corporation will post ($0.48) earnings per share for the current year.

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EPE has been the topic of several recent analyst reports. Citigroup boosted EP Energy Corporation from a "sell" recommendation to a "neutral" recommendation and boosted their price target for the share from $5.00 to $6.00 in a note on Tue, May 9th. Royal Bank Of Canada reiterated a "buy" rating and issued a $10.00 price target on shares of Sanchez Energy Corporation in a report on Thursday, July 20th. Finally, BidaskClub cut Sanchez Energy Corporation from a "sell" rating to a "strong sell" rating in a research note on Tuesday, July 25th. On June 2, 2017 the stock rating was set at "Underperform" in a report from Credit Suisse which was a cut from the previous "Neutral" rating. Four equities research analysts have rated the stock with a sell rating, four have issued a hold rating and seven have issued a buy rating to the company. The shares were sold at an average price of $6.19, for a total transaction of $63,162.76. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Thomas Brian Carney sold 10,204 shares of the stock in a transaction dated Friday, June 2nd. The stock was acquired at an average price of $6.75 per share, with a total value of $135,000.00. Following the completion of the transaction, the director now directly owns 92,151 shares of the company's stock, valued at approximately $622,019.25. The disclosure for this sale can be found here. In the last three months, insiders sold 84,926 shares of company stock worth $438,989.

On the other hand the company has Relative Strength Index (RSI 14) of 38.8 along with Average True Range (ATR 14) of 0.42, Consequently Sanchez Energy Corp (NYSE:SN)'s weekly and monthly volatility is 8.34%, 7.32% respectively. The Company is involved in the acquisition and development of unconventional onshore oil and natural gas properties in the United States.

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