EP Energy Corporation (EPE) Receives ‘Analyst’ Rating

EP Energy Corporation (EPE) : 15 analysts are covering EP Energy Corporation (EPE) and their average rating on the stock is 3.45, which is read as a Hold. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. However, 2 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 10 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.

EP Energy Corporation (EPE) : The highest short term price target forecast on EP Energy Corporation (EPE) is $8 and the lowest target price is $3. A total of 13 equity analysts are currently covering the company. The average price of all the analysts is $4.81 with a standard deviation of $1.41.


Also, Equity Analysts at the Northland Securities upgrades the rating on EP Energy Corporation (NYSE:EPE). The brokerage firm has issued a Market Perform rating on the shares. The shares were previously rated Underperform. The rating by the firm was issued on August 5, 2016.

EP Energy Corporation (NYSE:EPE): The stock opened in the green at $4 on Thursday, but the bulls found it difficult to push the prices higher. The stock reached a high of $4.06 and a low of $3.77 for the day. The stock did not find buyers even at the lows and closed at $3.84 recording a loss of -3.03%. 2,902,173 shares exchanged hands during the trading day. The stock had closed at $3.96 in the previous days trading.

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.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.