EP Energy Corp (EPE) was Downgraded by Wolfe Research to ” Underperform”. Earlier the firm had a rating of “Peer Perform ” on the company shares. Wolfe Research advised their investors in a research report released on May 10, 2016.
Many Wall Street Analysts have commented on EP Energy Corp. Company shares were Reiterated by Topeka Capital Markets on May 9, 2016 to “Hold”, Firm has raised the Price Target to $ 6 from a previous price target of $3 .EP Energy Corp was Downgraded by JP Morgan to ” Neutral” on Apr 15, 2016. EP Energy Corp was Downgraded by BofA/Merrill to ” Underperform” on Mar 22, 2016.
On the company’s financial health, EP Energy Corp reported $0.19 EPS for the quarter, beating the analyst consensus estimate by $ 0.18 according to the earnings call on May 4, 2016. Analyst had a consensus of $0.01.Analysts expectations of $ 397.17.During the same quarter in the previous year, the company posted $0.13 EPS.
EP Energy Corp opened for trading at $5.75 and hit $6.88 on the upside on Friday, eventually ending the session at $6.03, with a gain of 3.08% or 0.18 points. The heightened volatility saw the trading volume jump to 66,64,368 shares. Company has a market cap of $1,524 M.
In a different news, on Aug 5, 2015, Brent J Smolik (CEO) purchased 63,300 shares at $7.93 per share price. According to the SEC, on Jan 6, 2015, Clayton A. Carrell (COO) purchased 1,300 shares at $9.07 per share price.
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.