EP Energy Corporation (EPE) : 12 analysts are covering EP Energy Corporation (EPE) and their average rating on the stock is 3.73, which is read as a Sell. A Zacks Investment Research rank of 2, which recommends a Buy affirms that they expect a large upside in the stock from the current levels. However, 3 analysts consider that the stock has more downward risks ahead, hence, they suggest a Strong Sell on the stock. 3 more analyst has given the stock a Sell recommendation. A total of 6 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.
EP Energy Corporation (EPE) : 11 Wall Street analysts covering EP Energy Corporation (EPE) believe that the average level the stock could reach for the short term is $4.73. The maximum price target given is $7 and the minimum target for short term is around $3, hence the standard deviation is calculated at $1.66.
EP Energy Corporation (NYSE:EPE): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $4.53 and $4.50 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $4.85. The buying momentum continued till the end and the stock did not give up its gains. It closed at $4.84, notching a gain of 4.54% for the day. The total traded volume was 2,511,036 . The stock had closed at $4.63 on the previous day.
Also, Deutsche Bank maintains its rating on EP Energy Corporation (NYSE:EPE). The global brokerage major raises the current price target from $6 per share to $7 per share. Analysts at the Deutsche Bank have a current rating of Hold on the shares. The rating by the firm was issued on June 14, 2016. The company shares have dropped -56.44% from its 1 Year high price. On Jul 9, 2015, the shares registered one year high at $11.54 and the one year low was seen on Feb 25, 2016. The 50-Day Moving Average price is $5.58 and the 200 Day Moving Average price is recorded at $4.44.
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.