EP Energy Corp CFO Acquires $140,925 in Stock (EPE)
EP Energy Corp (NYSE:EPE) CFO Dane E. Whitehead acquired 7,500 shares of the stock on the open market in a transaction that occurred on Monday, August 18th. The stock was purchased at an average price of $18.79 per share, for a total transaction of $140,925.00. Following the completion of the acquisition, 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 is available at this link.
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 analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $25.54.
EP Energy Corp (NYSE:EPE) opened at 18.86 on Thursday. EP Energy Corp has a 52-week low of $16.00 and a 52-week high of $23.23. The stock has a 50-day moving average of $20.35 and a 200-day moving average of $19.77. The company has a market cap of $4.635 billion and a price-to-earnings ratio of 27.25.
EP Energy Corp (NYSE:EPE) last released its earnings data on Wednesday, August 6th. The company reported $0.23 earnings per share (EPS) for the quarter, beating the 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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