EP Energy Corp (EPE) is Upgraded by Goldman to Neutral

EP Energy Corp (EPE) was Upgraded by Goldman to ” Neutral”. Earlier the firm had a rating of “Sell ” on the company shares. Goldman advised their investors in a research report released on Sep 21, 2016.

Many Wall Street Analysts have commented on EP Energy Corp. FBR & Co. Initiated EP Energy Corp on Sep 13, 2016 to “Mkt Perform”, Price Target of the shares are set at $4.50.FBR Capital Initiated EP Energy Corp on Sep 13, 2016 to “Mkt Perform”, Price Target of the shares are set at $4.50.EP Energy Corp was Upgraded by Northland Capital to ” Market Perform” on Aug 5, 2016.

On the company’s financial health, EP Energy Corp reported $0.21 EPS for the quarter, beating the analyst consensus estimate by $ 0.04 according to the earnings call on Aug 3, 2016. Analyst had a consensus of $0.17.Analysts expectations of $ 351.76.During the same quarter in the previous year, the company posted $0.17 EPS.

EP Energy Corp closed down -0.05 points or -1.36% at $3.62 with 17,31,534 shares getting traded on Tuesday. Post opening the session at $3.66, the shares hit an intraday low of $3.52 and an intraday high of $3.7 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

In a different news, on May 17, 2016, Dane E Whitehead (EVP & CFO) sold 8 shares at $5.81 per share price. According to the SEC, on Aug 5, 2015, Brent J Smolik (CEO) purchased 63,300 shares at $7.93 per share price. On Jan 6, 2015, Clayton A. Carrell (COO) purchased 1,300 shares at $9.07 per share price, according to the Form-4 filing with the securities and exchange commission.

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 97734 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 1325 wells. It had approximately 321 MMBbls of proved oil reserves over 94 MMBbls of proved natural gas liquids (NGLs) reserves and about 1243 Bcf of proved natural gas reserves in the United States.

EP Energy Corp

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