Goldman Sachs Upgrades EP Energy Corp to Neutral

Brokerage firm Goldman Sachs Upgrades its rating on EP Energy Corp(NYSE:EPE). The shares have been rated Neutral. Previously, the analysts had a Sell rating on the shares. The rating by Goldman Sachs was issued on Sep 21, 2016.

In a different note, FBR Capital said it Initiates Coverage on EP Energy Corp, according to a research note issued on Sep 13, 2016. The shares have been rated ‘Market Perform’ by the firm. On Aug 5, 2016, Northland Securities said it Upgrades its rating on EP Energy Corp. The shares have been rated ‘Market Perform’ by the firm. On Aug 4, 2016, UBS said it Maintains its rating on EP Energy Corp. In the research note, the firm Lowers the price-target to $4.50 per share. The shares have been rated ‘Neutral’ by the firm. On Jul 20, 2016, Deutsche Bank said it Maintains its rating on EP Energy Corp. In the research note, the firm Lowers the price-target to $7.00 per share. On Jul 18, 2016, Jefferies said it Reinstates its rating on EP Energy Corp. The shares have been rated ‘Underperform’ by the firm. On Jul 18, 2016, KLR Group said it Upgrades its rating on EP Energy Corp. In the research note, the firm Lowers the price-target to $7.00 per share. The shares have been rated ‘Buy’ by the firm.

EP Energy Corp (EPE) shares turned negative on Tuesdays trading session with the shares closing down -0.05 points or -1.36% at a volume of 17,31,534. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $3.7. The peak price level was also seen at $3.7 while the days lowest was $3.52. Finally the shares closed at $3.62. The 52-week high of the shares is $7.985 while the 52-week low is $1.6. According to the latest information available, the market cap of the company is $914 M.

EP Energy Corp(EPE) last announced its earnings results on Aug 3, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $100.00M. Analysts had an estimated revenue of $8.12B. Earnings per share were $0.21.

Several Insider Transactions has been reported to the SEC. On May 17, 2016, Dane E Whitehead (EVP & CFO) sold 8 shares at $5.81 per share price.Also, On Aug 5, 2015, Brent J Smolik (CEO) purchased 63,300 shares at $7.93 per share price.On Jan 6, 2015, Clayton A. Carrell (COO) purchased 1,300 shares at $9.07 per share price, according to the Form-4 filing with the securities and exchange commission.

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 97734 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 1325 wells. It had approximately 321 MMBbls of proved oil reserves over 94 MMBbls of proved natural gas liquids (NGLs) reserves and about 1243 Bcf of proved natural gas reserves in the United States.

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