Brokerages Expect Evolution Petroleum Corp (NYSE:EPM) to Post $0.05 Earnings Per Share
Evolution Petroleum Corp (NYSE:EPM) has been assigned a consensus broker rating score of 1.00 (Strong Buy) from the two brokers that provide coverage for the stock, Zacks Investment Research reports. Two research analysts have rated the stock with a strong buy recommendation.
Brokerages have set a 12 month consensus price objective of $7.38 for the company and are anticipating that the company will post $0.05 EPS for the current quarter, according to Zacks. Zacks has also given Evolution Petroleum Corp an industry rank of 90 out of 265 based on the ratings given to its competitors.
A number of equities analysts have weighed in on EPM shares. Zacks Investment Research upgraded Evolution Petroleum Corp from a “hold” rating to a “buy” rating and set a $6.00 price objective for the company in a research note on Tuesday, July 5th. Roth Capital reiterated a “buy” rating on shares of Evolution Petroleum Corp in a research note on Tuesday, July 12th. Finally, TheStreet upgraded Evolution Petroleum Corp from a “hold” rating to a “buy” rating in a research note on Thursday, September 8th.
Evolution Petroleum Corp (NYSE:EPM) opened at 7.40 on Wednesday. The company’s 50-day moving average price is $6.15 and its 200-day moving average price is $5.57. The company has a market capitalization of $240.51 million and a price-to-earnings ratio of 10.14. Evolution Petroleum Corp has a 52 week low of $3.60 and a 52 week high of $7.77.
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 30th. Shareholders of record on Thursday, September 15th were paid a dividend of $0.05 per share. The ex-dividend date was Tuesday, September 13th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 2.70%.
Several institutional investors have recently added to or reduced their stakes in EPM. Numeric Investors LLC bought a new position in Evolution Petroleum Corp during the second quarter worth $103,000. Rhumbline Advisers raised its position in Evolution Petroleum Corp by 38.2% in the second quarter. Rhumbline Advisers now owns 32,465 shares of the company’s stock worth $178,000 after buying an additional 8,976 shares during the last quarter. Strs Ohio raised its position in Evolution Petroleum Corp by 15.2% in the second quarter. Strs Ohio now owns 66,700 shares of the company’s stock worth $364,000 after buying an additional 8,800 shares during the last quarter. BlackRock Investment Management LLC raised its position in Evolution Petroleum Corp by 7.9% in the second quarter. BlackRock Investment Management LLC now owns 88,576 shares of the company’s stock worth $485,000 after buying an additional 6,493 shares during the last quarter. Finally, Allianz Asset Management AG raised its position in Evolution Petroleum Corp by 44.6% in the second quarter. Allianz Asset Management AG now owns 164,669 shares of the company’s stock worth $901,000 after buying an additional 50,803 shares during the last quarter.
About Evolution Petroleum Corp
Evolution Petroleum Corporation is an independent petroleum company. The Company is engaged in the acquisition, exploitation and development of properties for the production of crude oil and natural gas, onshore in the United States. The Company focuses on applying artificial lift technology called Gas Assisted Rod Pump (GARP) for recovering incremental oil and gas from existing wells.
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