Somewhat Positive Media Coverage Somewhat Unlikely to Affect Evolution Petroleum Corp (EPM) Stock Price
Media stories about Evolution Petroleum Corp (NYSE:EPM) have trended somewhat positive on Tuesday, according to Accern Sentiment. The research firm rates the sentiment of news coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Evolution Petroleum Corp earned a media sentiment score of 0.10 on Accern’s scale. Accern also assigned media stories about the energy company an impact score of 45.8669464989883 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
Evolution Petroleum Corp (NYSE EPM) opened at 7.85 on Tuesday. The stock has a 50 day moving average of $7.97 and a 200 day moving average of $8.09. The stock has a market cap of $256.44 million and a price-to-earnings ratio of 9.97. Evolution Petroleum Corp has a 1-year low of $5.16 and a 1-year high of $10.20.
Evolution Petroleum Corp (NYSE:EPM) last posted its earnings results on Monday, May 8th. The energy company reported $0.07 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.08 by $0.01. The business had revenue of $9.53 million for the quarter, compared to analyst estimates of $9.65 million. Evolution Petroleum Corp had a return on equity of 14.11% and a net margin of 25.40%. Equities analysts expect that Evolution Petroleum Corp will post $0.27 earnings per share for the current year.
A number of equities research analysts have weighed in on EPM shares. Zacks Investment Research cut shares of Evolution Petroleum Corp from a “buy” rating to a “hold” rating in a research report on Monday, May 1st. Roth Capital set a $11.00 price target on shares of Evolution Petroleum Corp and gave the company a “buy” rating in a research report on Monday, May 22nd. Scotiabank set a $10.00 price target on shares of Evolution Petroleum Corp and gave the company a “buy” rating in a research report on Monday, June 5th. Finally, BidaskClub upgraded shares of Evolution Petroleum Corp from a “hold” rating to a “buy” rating in a research report on Thursday, July 6th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $10.00.
About Evolution Petroleum Corp
Evolution Petroleum Corporation is an independent oil and gas 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. Its assets include interests in a carbon dioxide (CO2) enhanced oil recovery project (EOR) in Louisiana’s Delhi field.
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