EP Energy Corporation (NYSE:EPE) current P/S is an impressive 0.05. The overall Independent Oil & Gas group has an average P/S ratio of 94.82, which is significantly worse than the sector’s 11.68. In the past 8-year record, this ratio went down as low as 0.05 and as high as 2.68. Also, it is up from 91% of the total 402 rivals across the globe.
EPE traded at an unexpectedly low level on 05/14/2019 when the stock experienced a -3.68% loss to a closing price of $0.21. The company saw 1.12 million shares trade hands over the course of the day. Given that its average daily volume over the 5 sessions has been 1.38 million shares a day, this signifies a pretty significant change over the norm.
EP Energy Corporation (EPE) Analyst Gushes
Analysts are speculating a 376.19% move, based on the high target price ($1) for the shares that is set to reach in the next 12 months. The analysts, on average, are forecasting a $0.64 price target, but the stock is already up -0.67% from its recent lows. However, the stock is trading at -94.03% versus recent highs ($3.5). Analysts believe that we could see stock price minimum in the $0.2 range (lowest target price), allowing for another -4.76% drop from its current position. Leading up to this report, we have seen a -43.24% fall in the stock price over the last 30 days and a -70.52% decline over the past 3 months. Overall, the share price is down -70.13% so far this year. Additionally, the stock had a day price range of $0.215 to $0.25.
EP Energy Corporation (EPE) Price Potential
Heading into the stock price potential, EP Energy Corporation needs to grow just 233.33% to cross its median price target of $0.7. In order to determine directional movement, the 50-day and 200-day moving averages for EP Energy Corporation (NYSE:EPE) are $0.2883 and $0.7476. Given that liquidity is king in the short-term, EPE is a stock with 267.78 million shares outstanding that normally trades 7.2% of its float. The stock price recently experienced a 5-day loss of -21.86% with 0.05 average true range (ATR). EPE has a beta of 2.99 and RSI is 33.56.
Investors also need to beware of the Freeport-McMoRan Inc. (NYSE:FCX) valuations. The stock trades on a P/S of 0.89, which suggests that the shares are attractive compared with peers. The broad Copper industry has an average P/S ratio of 9.75, which is significantly worse than the sector’s 2.5. In the past 13-year record, this ratio went down as low as 0.28 and as high as 3.01. Also, it is up from 63% of the total 728 rivals across the globe.
Freeport-McMoRan Inc. (FCX)’s Lead Over its Technicals
Freeport-McMoRan Inc. by far traveled 13.12% versus a 1-year low price of $9.6. The share price was last seen 1.4% higher, reaching at $10.86 on May. 14, 2019. At recent session, the prices were hovering between $10.54 and $11. This company shares are 35.17% off its target price of $14.68 and the current market capitalization stands at $15.76B. The recent change has given its price a -14.46% deficit over SMA 50 and -40.91% deficit over its 52-week high. The stock witnessed -20.73% declines, -5.48% declines and -8.97% declines for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found FCX’s volatility during a week at 3.71% and during a month it has been found around 3.65%.
Freeport-McMoRan Inc. (NYSE:FCX) Intraday Metrics
Freeport-McMoRan Inc. (FCX) exchanged hands at an unexpectedly low level of 18.24 million shares over the course of the day. Noting its average daily volume at 19.73 million shares each day over the month, this signifies a pretty significant change over the norm.
Freeport-McMoRan Inc. Target Levels
The market experts are predicting a 130.2% rally, based on the high target price of $25 for Freeport-McMoRan Inc. shares that is likely to be hit in the 52 weeks. Analysts anticipate that traders could see stock price minimum in the $12 range (lowest target price). If faced, it would be a 10.5% jump from its current position. Overall, the share price is up 5.33% year to date [T2].
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