EP Energy Corporation (EPE) : Traders are bullish on EP Energy Corporation (EPE) as it has outperformed the S&P 500 by a wide margin of 3.37% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 15.99%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 16.18% in the last 1 week, and is up 2.82% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The stock has recorded a 20-day Moving Average of 8.59% and the 50-Day Moving Average is 6.68%.The 200 Day SMA reached 1%
EP Energy Corporation (NYSE:EPE): After opening at $4.29, the stock dipped to an intraday low of $4.13 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $4.43 and the buying power remained strong till the end. The stock closed at $4.38 for the day, a gain of 4.29% for the day session. The total traded volume was 1,878,319. The stocks close on the previous trading day was $4.38.
EP Energy Corporation (EPE) stock is expected to deviate a maximum of $1.41 from the average target price of $4.81 for the short term period. 13 Street Experts have initiated coverage on the stock with the most promising target being $8 and the most muted being $3.
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.