Insider Buying: Dane E. Whitehead Acquires 7,500 Shares of EP Energy Corp Stock (EPE)
EP Energy Corp (NYSE:EPE) CFO Dane E. Whitehead bought 7,500 shares of EP Energy Corp stock on the open market in a transaction dated Monday, August 18th. The shares were purchased at an average price of $18.79 per share, for a total transaction of $140,925.00. Following the completion of the transaction, the chief financial officer now directly owns 32,947 shares of the company’s stock, valued at approximately $619,074. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
A number of analysts have recently weighed in on EPE shares. 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 research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $25.54.
EP Energy Corp (NYSE:EPE) traded up 1.48% during mid-day trading on Tuesday, hitting $19.15. 212,584 shares of the company’s stock traded hands. EP Energy Corp has a one year low of $16.00 and a one year high of $23.23. The stock’s 50-day moving average is $20.58 and its 200-day moving average is $19.77. The company has a market cap of $4.706 billion and a P/E ratio of 27.31.
EP Energy Corp (NYSE:EPE) last posted its quarterly earnings results on Wednesday, August 6th. The company reported $0.23 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.20 by $0.03. On average, analysts predict that EP Energy Corp will post $0.97 earnings per share for the current fiscal year.
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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