EP Energy Corporation (EPE) : 8 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on EP Energy Corporation (EPE). Zacks Investment Research suggests a Buy with a rank of 2. 3 analysts perceive the stock to be overvalued at the existing levels, hence their call is to Sell the stock. 3 others believe that the stock has run up ahead of its fundamentals and advise a Strong Sell on the stock.The median of all the 14 Wall Street Analysts endorse the stock as a Sell with a rating of 3.62.
EP Energy Corporation (EPE) : 11 Wall Street analysts covering EP Energy Corporation (EPE) believe that the average level the stock could reach for the short term is $5. The maximum price target given is $7 and the minimum target for short term is around $3, hence the standard deviation is calculated at $1.34.
Company shares have received an average consensus rating of Hold for the current week Also, Major Brokerage house, Deutsche Bank maintains its ratings on EP Energy Corporation (NYSE:EPE). In the latest research report, Deutsche Bank lowers the target price from $7 per share to $6 per share. The rating by the firm was issued on July 20, 2016.
EP Energy Corporation (NYSE:EPE): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $3.47 and $3.36 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $3.77. The buying momentum continued till the end and the stock did not give up its gains. It closed at $3.75, notching a gain of 5.63% for the day. The total traded volume was 5,162,501 . The stock had closed at $3.55 on the previous day.
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.