Goldman Sachs issued a report on EP Energy Corporation (NYSE:EPE), upping its target price to $5.00 today
- Updated: September 25, 2016
Just yesterday EP Energy Corporation (NYSE:EPE) traded -5.75% lower at $3.62. EP Energy Corporation’s 50-day moving average is $4.17 and its 200-day moving average is $4.78. The last closing price is down -21.17% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.01% over the same time period. 1,918,822 shares of EPE traded hands, down from an average trading volume of 3,025,710
EP Energy Corporation (NYSE:EPE) had its target price raised to $5.00 by Goldman Sachs in a report issued 09/21/2016. The updated stock price target implies a possible upside of 0.38% based on the company's previous closing price.
Previously on 9/13/2016, FBR & Co. reported on EP Energy Corporation (NYSE:EPE) increased the target price from $0.00 to $4.50. At the time, this indicated a possible upside of 0.06%.
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EP Energy Corporation has a 52 week low of $1.60 and a 52 week high of $7.99 EP Energy Corporation’s market capitalization is presently $0.
A total of 4 analysts have released a report on EP Energy Corporation. zero analysts rating the company a strong buy, zero analysts rating the company a buy, zero analysts rating the company a hold, zero analysts rating the company a underperform, and finally zero analysts rating the company a sell with a 12-month price target of $57.50.
General Company Details For EP Energy Corporation (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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