Evolution Petroleum Corp (NYSEAMERICAN:EPM) has earned a consensus recommendation of “Hold” from the six analysts that are currently covering the firm, Marketbeat.com reports. Four research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $8.88.

EPM has been the subject of a number of recent research reports. Zacks Investment Research downgraded Evolution Petroleum from a “hold” rating to a “sell” rating in a research report on Monday, September 24th. UBS Group raised Evolution Petroleum from a “neutral” rating to a “buy” rating in a research report on Monday, September 17th. Finally, Johnson Rice downgraded Evolution Petroleum from an “accumulate” rating to a “hold” rating and set a $10.00 target price for the company. in a research report on Wednesday, August 15th.

In other news, major shareholder Advisors L.L.C. Jvl sold 22,090 shares of the firm’s stock in a transaction on Monday, September 24th. The stock was sold at an average price of $11.03, for a total value of $243,652.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO David Joe sold 4,306 shares of the firm’s stock in a transaction on Tuesday, October 9th. The stock was sold at an average price of $12.58, for a total value of $54,169.48. Following the completion of the transaction, the chief financial officer now directly owns 288,448 shares of the company’s stock, valued at $3,628,675.84. The disclosure for this sale can be found here. Insiders sold 286,336 shares of company stock valued at $3,038,743 over the last three months.

Several institutional investors have recently bought and sold shares of EPM. BlackRock Inc. boosted its holdings in shares of Evolution Petroleum by 35.2% in the second quarter. BlackRock Inc. now owns 3,025,330 shares of the energy company’s stock worth $29,798,000 after acquiring an additional 788,088 shares during the period. Renaissance Technologies LLC boosted its holdings in shares of Evolution Petroleum by 23.0% in the second quarter. Renaissance Technologies LLC now owns 1,576,300 shares of the energy company’s stock worth $15,527,000 after acquiring an additional 295,100 shares during the period. AQR Capital Management LLC boosted its holdings in shares of Evolution Petroleum by 1,376.7% in the third quarter. AQR Capital Management LLC now owns 310,748 shares of the energy company’s stock worth $3,434,000 after acquiring an additional 289,705 shares during the period. Opus Capital Group LLC bought a new position in shares of Evolution Petroleum in the third quarter worth $2,830,000. Finally, TIAA CREF Investment Management LLC boosted its holdings in shares of Evolution Petroleum by 269.5% in the third quarter. TIAA CREF Investment Management LLC now owns 203,304 shares of the energy company’s stock worth $2,247,000 after acquiring an additional 148,277 shares during the period.

Shares of EPM opened at $8.22 on Wednesday. Evolution Petroleum has a 12 month low of $6.35 and a 12 month high of $12.83.

Evolution Petroleum (NYSEAMERICAN:EPM) last issued its quarterly earnings results on Friday, September 7th. The energy company reported $0.14 EPS for the quarter, beating the Zacks’ consensus estimate of $0.13 by $0.01. The business had revenue of $11.43 million for the quarter, compared to analysts’ expectations of $11.42 million.

The company also recently announced a quarterly dividend, which will be paid on Monday, December 31st. Shareholders of record on Friday, December 14th will be given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 4.87%. The ex-dividend date is Thursday, December 13th.

Evolution Petroleum Company Profile

Evolution Petroleum Corporation, an oil and gas company, engages in the development, production, ownership, and management of oil and gas properties in the United States. The company primarily holds interests in a CO2 enhanced oil recovery project in Louisiana's Delhi field. Its Delhi Holt-Bryant Unit covers an area of 13,636 acres located in Northeast Louisiana.

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Analyst Recommendations for Evolution Petroleum (NYSEAMERICAN:EPM)

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