Brokerage Firm Rating Update on EP Energy Corporation (EPE)

EP Energy Corporation (EPE) : The consensus on EP Energy Corporation (EPE) based on 14 analyst recommendation on the company stock is 3.48, which is interpreted as a Hold recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 9 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating. 2 analyst sees the stock overvalued at current levels and advises a Strong Sell on the stock. 3 analyst also believes that the downside risk to the stock is higher and suggests a Sell on EP Energy Corporation (EPE).

EP Energy Corporation (EPE) stock is expected to deviate a maximum of $1.47 from the average target price of $4.83 for the short term period. 12 Street Experts have initiated coverage on the stock with the most promising target being $8 and the most muted being $3.


Company shares have received an average consensus rating of Hold for the current week Also, Northland Securities upgrades its view on EP Energy Corporation (NYSE:EPE) according to the research report released by the firm to its investors. The shares have now been rated Market Perform by the stock experts at the ratings house. Earlier, the shares had a rating of Underperform. The rating by the firm was issued on August 5, 2016.

EP Energy Corporation (NYSE:EPE): The stock opened at $4.43 and touched an intraday high of $4.6 on Wednesday. During the day, the stock corrected to an intraday low of $4.35, however, the bulls stepped in and pushed the price higher to close in the green at $4.42 with a gain of 0.23% for the day. The total traded volume for the day was 3,040,174. The stock had closed at $4.41 in the previous trading session.

EP Energy Corporation 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 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. The Company had proved reserves of approximately 622 million barrels of oil equivalent (MMBoe) and had average production of 97,734 Boe/d. Approximately 223 MMBoe of its total proved reserves are proved developed producing assets, which generated an average production of over 97.7 MBoe/d in 2014 from approximately 1,325 wells. It had approximately 321 MMBbls of proved oil reserves, over 94 MMBbls of proved natural gas liquids (NGLs) reserves and about 1,243 Bcf of proved natural gas reserves in the United States.

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