EP Energy Corporation (EPE) Shares are Up 8.23%

EP Energy Corporation (EPE) : Traders are bullish on EP Energy Corporation (EPE) as it has outperformed the S&P 500 by a wide margin of 8.61% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 8.27%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 8.23% in the last 1 week, and is up 9.02% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.

EP Energy Corporation has dropped 13.04% during the last 3-month period . Year-to-Date the stock performance stands at 2.05%. The stock has recorded a 20-day Moving Average of 8.9% and the 50-Day Moving Average is 5.39%.


EP Energy Corporation (NYSE:EPE): The stock opened at $4.55 on Friday but the bulls could not build on the opening and the stock topped out at $4.59 for the day. The stock traded down to $4.35 during the day, due to lack of any buying support eventually closed down at $4.47 with a loss of -2.40% for the day. The stock had closed at $4.58 on the previous day. The total traded volume was 2,155,572 shares.

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 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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