EP Energy Corporation (EPE): Price Target and June Short Interest Disclosure

EP Energy Corporation (EPE) : Currently there are 11 street experts covering EP Energy Corporation (EPE) stock. The most bullish and bearish price target for the stock is $7 and $3 respectively for the short term. The average price target of all the analysts comes to $4.73. The estimated standard deviation from the target is $1.66.

EP Energy Corporation (EPE) has shown a rise of 22% or 3,216,159 shares in the short positions. The bets have increased to 17,815,495 shares on June 30,2016 from 14,599,336 shares on June 15,2016. With respect to the floated shares, the shorts are 46.9%. The days to cover are calculated to be 6, using the standard per day volume of 3,161,606 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 12th.

Also, Major Brokerage house, Deutsche Bank maintains its ratings on EP Energy Corporation (NYSE:EPE). In the latest research report, Deutsche Bank raises the target price from $6 per share to $7 per share. According to the latest information available, the shares are now rated Hold by the analysts at the agency. The rating by the firm was issued on June 14, 2016.


EP Energy Corporation (NYSE:EPE): On Thursdays trading session , Opening price of the stock was $4.3 with an intraday high of $4.4. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $4.17. However, the stock managed to close at $4.23, a loss of 0.47% for the day. On the previous day, the stock had closed at $4.25. The total traded volume of the day was 2,685,322 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.

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