Insider Buying: EP Energy Corp CEO Purchases 27,250 Shares of Stock (EPE)
EP Energy Corp (NYSE:EPE) CEO Brent J. Smolik purchased 27,250 shares of the stock on the open market in a transaction that occurred on Friday, August 15th. The stock was purchased at an average price of $18.42 per share, for a total transaction of $501,945.00. Following the acquisition, the chief executive officer now directly owns 86,368 shares of the company’s stock, valued at approximately $1,590,899. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Shares of EP Energy Corp (NYSE:EPE) traded up 0.51% on Monday, hitting $18.765. The stock had a trading volume of 870,819 shares. EP Energy Corp has a 1-year low of $16.00 and a 1-year high of $23.23. The stock has a 50-day moving average of $20.69 and a 200-day moving average of $19.7. The company has a market cap of $4.612 billion and a P/E ratio of 27.02.
EP Energy Corp (NYSE:EPE) last posted its quarterly earnings results on Wednesday, August 6th. The company reported $0.23 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.20 by $0.03. Analysts expect that EP Energy Corp will post $0.97 EPS for the current fiscal year.
Several analysts have recently commented on the stock. Analysts at Deutsche Bank reiterated a “buy” rating on shares of EP Energy Corp in a research note on Tuesday, August 12th. They now have a $25.00 price target on the stock, up previously from $24.00. Separately, analysts at Citigroup Inc. reiterated a “buy” rating on shares of EP Energy Corp in a research note on Monday, August 11th. They now have a $24.00 price target on the stock, up previously from $23.50. Finally, analysts at Topeka Capital Markets raised their price target on shares of EP Energy Corp from $25.00 to $26.00 in a research note on Friday, August 1st. Four equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $25.54.
EP Energy Corporation is an independent exploration and production company. It is engaged in the acquisition and development of unconventional onshore oil and natural gas properties in the United States.
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