EP Energy Corporation (EPE) : The most positive equity analysts on EP Energy Corporation (EPE) expects the shares to touch $8, whereas, the least positive believes that the stock will trade at $3 in the short term. The company is covered by 12 Wall Street Brokerage Firms. The average price target for shares are $4.83 with an expected fluctuation of $1.47 from the mean.
EP Energy Corporation (EPE) : The consensus on EP Energy Corporation (EPE) based on 14 analyst recommendation on the company stock is 3.48, which is interpreted as a Hold recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 9 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating. 2 analyst sees the stock overvalued at current levels and advises a Strong Sell on the stock. 3 analyst also believes that the downside risk to the stock is higher and suggests a Sell on EP Energy Corporation (EPE).
Also, Northland Securities upgrades its rating on EP Energy Corporation (NYSE:EPE). Analysts at the Northland Securities have a current rating of Market Perform on the shares. The shares were previously rated Underperform. The rating by the firm was issued on August 5, 2016.
EP Energy Corporation (NYSE:EPE): The stock opened at $4.04 on Thursday but the bulls could not build on the opening and the stock topped out at $4.13 for the day. The stock traded down to $3.97 during the day, due to lack of any buying support eventually closed down at $4.08 with a loss of -0.97% for the day. The stock had closed at $4.12 on the previous day. The total traded volume was 1,568,750 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.