The short interest in EP Energy Corporation (NYSE:EPE) has increased from 13,586,799 on May 31,2016 to 14,599,336 on June 15,2016. The change was measured at 1,012,537 shares or 7.5%. The leftover shorts were 38.5% of the floated shares. The days to cover are 6, given the average daily volume of 2,567,543 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.
EP Energy Corporation (NYSE:EPE): The stock opened at $5.94 on Friday but the bulls could not build on the opening and the stock topped out at $6.17 for the day. The stock traded down to $5.81 during the day, due to lack of any buying support eventually closed down at $5.99 with a loss of -5.37% for the day. The stock had closed at $6.33 on the previous day. The total traded volume was 6,433,576 shares.
The company shares have dropped -53.57% from its 1 Year high price. On Jun 29, 2015, the shares registered one year high at $13.68 and the one year low was seen on Feb 25, 2016. The 50-Day Moving Average price is $5.65 and the 200 Day Moving Average price is recorded at $4.36.
EP Energy Corporation (NYSE:EPE) has tumbled 0.17% during the past week, however, the bigger picture is still very bullish; the stocks have advanced and posted positive gains of 15.41% in the last four weeks. In the past week, the company has outperformed the S&P 500 by 1.49% and the outperformance has advanced to 18.91% for the last 4 weeks period.
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.