Analyst Recent Rating Update: EP Energy Corporation (NYSE:EPE), Newfield Exploration Company (NYSE:NFX)

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EP Energy Corporation (NYSE:EPE) initiated the shares trading at $4.15 and showed negative change of -0.49% while the stock’s final trade was registered at $ 4.10. However, its previous closing price was seen at $4.12. The stock negotiated total number of 2.39 million shares as compared to 3 months average volume of 2.83 million shares.

The stock price demonstrated downbeat change from its 50 day moving average of 5.18 and had been down from its 200 Day Moving Average of 4.43.

EP Energy Corporation (EPE) reported it has importantly raised its 2017 oil hedge positions and added 2016 natural gas hedges.

The firm now has a weighted average price floor of $62.34 per barrel (Bbl) on about 12.8 million barrels (MMBbl) of oil in 2017.  Based on the mid-point of 2016 guidance, this would equate to about 75 percent of estimated yearly2017 oil production.

The 2017 oil hedges utilize a combination of fixed price swaps of $66 per Bbl and three-way collar contracts of $46x$61x$70 per Bbl which together establish improved downside price protection, while providing upside price participation if oil prices recover.

The average true range of EP Energy Corporation’s (EPE) is recorded at 0.40 and the relative strength index of the stock stands 38.28. The stock price is going above to its 52 week low with 156.25% and lagging behind from its 52 week high with -57.56%. Analyst recommendation for this stock stands at 2.60. A look on the firm performance, its monthly performance is -35.02% and a quarterly performance of -11.64%. The stock price is trading downbeat from its 200 days moving average with -13.31% and down from 50 days moving average with -22.14%.

Brokerage Recommendations:

According to ZACKS data, different Brokerage Firms rated the stock about their BUY, SELL or HOLD recommendations. Currently shares have been suggested as “BUY” from “7” brokerage firms and recommended as “Strong Buy” by “0” brokerage firms. 3” brokerage firms have issued “Sell” rating for the company and “Strong Sell” rating was issued by “3.67” brokerage firms. “3” brokerage firms have rated the company as a “Hold”. The Corporation has average brokerage recommendation (ABR) of 0 based on consensus of the brokerage firms issuing ratings.

Shares of Newfield Exploration Company (NYSE:NFX) climbed +0.07% and ended at $44.43 greater than previous closing price of $44.40. The total 1.88 million shares were bought and sold throughout the most recent trading session less than average volume of 3.44 million shares.

Newfield Exploration Co.’s (NFX) has price-to-cash ratio of 16.45 and price to sale ratio of 5.92. The company gross profit margin is 79.00%. A look on the firm performance, its monthly performance is 3.61% and a quarterly performance of 20.54%. The stock price is moving up from its 20 days moving average with 1.73% and isolated positively from 50 days moving average with 6.86%.

Brokerage Recommendations:

The stock has received ratings from many brokerage firms according to ZACKS. Currently shares have been rated as “Buy” from “2” brokerage firms and “2” brokerage firms say as “Strong Buy”. “0” brokerage firms have suggested “Sell” for the company. “0” brokerage firms have recommended as a “Hold”. Strong Sell rating was given by “1.26” brokerage firms.  The Company has average brokerage recommendation (ABR) of “0” based on consensus of the ZACKS brokerage firms.



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