Energy Partners Ltd. (EPL): Is insider buying a good predictor?...

Reply Private New

Next 10 Prev Next

Send PM Follow Ignore

Followers	76
Posts	3712
Boards Moderated	0
Alias Born	10/23/2010

OilStockReport

Re: None

Monday, 03/28/2011 4:08:55 PM

Monday, March 28, 2011 4:08:55 PM

Is insider buying a good predictor?

Energy Partners Ltd. (EPL) is trading around $15.34. Energy Partners is a independent oil and gas company, based in Louisiana. These shares have traded in a range between $9.61 to $16.88 in the last 52 weeks. The 50 day moving average is $15.54 and the 200 day moving average is $13.08. EPL is estimated to earn about $1.29 per share in 2011.

What Energy Partners insiders and other investors might be seeing: Analysts see earnings estimates for EPL jumping from $1.29 to $1.56 in 2012, as rising energy prices boost profit margins. Also, this company should benefit as waiting times and regulations for drilling permits in the Gulf of Mexico improve.

This is not an offer to buy or sell securities or any kind of investment advice. Oil investment carries very high risks so consult a licensed professional making any decisions. My resume is real time on Twitter @TurnKeyOil.