EP Energy Corp CEO Buys 27,250 Shares (EPE)
EP Energy Corp (NYSE:EPE) CEO Brent J. Smolik purchased 27,250 shares of EP Energy Corp stock on the open market in a transaction dated Friday, August 15th. The shares were 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 acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
EP Energy Corp (NYSE:EPE) opened at 18.83 on Wednesday. EP Energy Corp has a one year low of $16.00 and a one year high of $23.23. The stock has a 50-day moving average of $20.46 and a 200-day moving average of $19.78. The company has a market cap of $4.628 billion and a price-to-earnings ratio of 27.31.
EP Energy Corp (NYSE:EPE) last announced its 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. Analysts expect that EP Energy Corp will post $0.97 EPS for the current fiscal year.
A number of research firms have recently commented on EPE. 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 assigned a buy rating to the stock. EP Energy Corp currently has a consensus rating of “Buy” and a consensus price target 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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.