EP Energy Corp (NYSE:EPE) has been downgraded to Sell in a statement by Zacks Investment Research earlier today.
- Updated: October 17, 2016
Zacks Investment Research has downgraded EP Energy Corp (NYSE:EPE) to Sell in a statement released on 10/17/2016.
Previously on Wednesday September 21, 2016, Goldman Sachs Group Inc. reported on EP Energy Corp (NYSE:EPE) increased the target price from $3.62 to $5.00. At the time, this indicated a possible upside of 0.38%.
Yesterday EP Energy Corp (NYSE:EPE) traded -1.96% lower at $4.01. The company’s 50-day moving average is $4.10 and its 200-day moving average is $4.64. The last closing price is down -13.54% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time period. 1,797,437 shares of the stock traded hands, down from an average trading volume of 2,644,630
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EP Energy Corp has a 52 week low of $1.60 and a 52 week high of $7.44 The company’s market cap is currently $0.
In addition to Zacks Investment Research reporting its stock price target, a total of 4 brokers have issued a report on the company. The average stock price target is $57.50 with 0 brokers rating the stock a strong buy, 0 brokers rating the stock a buy, 0 brokers rating the stock a hold, 0 brokers rating the stock a underperform, and finally 0 brokers rating the stock a sell.
General Information About EP Energy Corp (NYSE:EPE)
EP Energy Corporation (EP Energy) 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 diverse base of producing assets and are focused on creating value through the development of its drilling inventory located in four areas: the Eagle Ford Shale (South Texas), the Wolfcamp Shale (Permian Basin in West Texas), the Altamont Field in the Uinta Basin (Northeastern Utah) and the Haynesville Shale (North Louisiana). In its operating areas, it has identified approximately 5,710 drilling locations (including over 860 drilling locations to which it has attributed proved undeveloped reserves). The Company has proved reserves of approximately 546.0 million barrels of oil equivalent (MMBoe) and it has an average net daily production of over 109,680 barrel of oil equivalent per day (Boe/d).
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