EP Energy Corporation (NYSE:EPE) has climbed 11.32% in the past week and advanced 16.73% in the last 4 weeks. In the past week, the company has outperformed the S&P 500 by 12.65% and the outperformance has advanced to 15.67% for the last 4 weeks period.
EP Energy Corporation (NYSE:EPE): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $5.60 and $5.52 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $6.00. The buying momentum continued till the end and the stock did not give up its gains. It closed at $6.00, notching a gain of 11.73% for the day. The total traded volume was 2,765,070 . The stock had closed at $5.37 on the previous day.
The company shares have dropped -53.38% from its 1 Year high price. On Jun 26, 2015, the shares registered one year high at $13.93 and the one year low was seen on Feb 25, 2016. The 50-Day Moving Average price is $5.44 and the 200 Day Moving Average price is recorded at $4.31.
On the companys insider trading activities, The officer (EVP & CFO), of Ep Energy Corp, Whitehead Dane E had unloaded 008 shares at $5.81 per share in a transaction on May 16, 2016. The total value of transaction was $046. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.
Many analysts have stated their opinion on the company shares. Equity Analysts at the Deutsche Bank maintains the rating on EP Energy Corporation (NYSE:EPE). The brokerage firm has issued a Hold rating on the shares. The Analysts at the ratings agency raises the price target from $6 per share to $7 per share. The rating by the firm was issued on June 14, 2016. Currently the company Insiders own 1.4% of EP Energy Corporation shares according to the proxy statements. Institutional Investors own 76.4% of EP Energy Corporation shares.
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.