Evolution Petroleum Corporation (NYSE:EPM) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Evolution Petroleum Corporation (NYSE:EPM) has been given an average rating of “Moderate Buy” by the five ratings firms that are currently covering the stock, Marketbeat.com reports. Two analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating on the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $5.3333.

Several research firms have recently issued reports on EPM. Zacks Research upgraded Evolution Petroleum from a “strong sell” rating to a “hold” rating in a research report on Tuesday, November 18th. Freedom Capital upgraded shares of Evolution Petroleum to a “strong-buy” rating in a report on Tuesday, December 23rd. Roth Mkm began coverage on shares of Evolution Petroleum in a report on Thursday, December 4th. They issued a “buy” rating and a $5.00 target price on the stock. Finally, Loop Capital set a $5.30 price target on shares of Evolution Petroleum in a research report on Tuesday, December 23rd.

Institutional Investors Weigh In On Evolution Petroleum

Several large investors have recently modified their holdings of EPM. WealthTrust Axiom LLC lifted its holdings in shares of Evolution Petroleum by 9.4% during the 4th quarter. WealthTrust Axiom LLC now owns 1,948,657 shares of the company’s stock valued at $6,898,000 after purchasing an additional 166,624 shares in the last quarter. Vanguard Group Inc. raised its holdings in Evolution Petroleum by 0.3% during the 3rd quarter. Vanguard Group Inc. now owns 1,600,822 shares of the company’s stock worth $7,716,000 after buying an additional 5,101 shares during the period. Ranger Investment Management L.P. lifted its stake in Evolution Petroleum by 7.4% in the second quarter. Ranger Investment Management L.P. now owns 1,146,350 shares of the company’s stock valued at $5,388,000 after buying an additional 79,280 shares in the last quarter. American Century Companies Inc. boosted its holdings in shares of Evolution Petroleum by 14.2% in the second quarter. American Century Companies Inc. now owns 855,498 shares of the company’s stock valued at $4,021,000 after buying an additional 106,056 shares during the period. Finally, Geode Capital Management LLC boosted its holdings in shares of Evolution Petroleum by 4.0% in the fourth quarter. Geode Capital Management LLC now owns 756,703 shares of the company’s stock valued at $2,679,000 after buying an additional 29,101 shares during the period. 60.07% of the stock is currently owned by institutional investors.

Evolution Petroleum Stock Up 5.8%

Shares of Evolution Petroleum stock opened at $4.37 on Tuesday. The business has a fifty day simple moving average of $3.76 and a 200 day simple moving average of $4.36. The stock has a market cap of $152.97 million, a PE ratio of 87.42 and a beta of 0.31. The company has a quick ratio of 1.64, a current ratio of 1.64 and a debt-to-equity ratio of 0.52. Evolution Petroleum has a 12 month low of $3.19 and a 12 month high of $5.70.

Evolution Petroleum Company Profile

Evolution Petroleum Enterprises, Inc (NYSE:EPM) is an independent oil and gas company focused on acquiring, developing and producing petroleum and natural gas assets in the United States. Through a strategy centered on high-margin, mature fields, the company targets properties where enhanced recovery techniques can unlock remaining reserves, offering stable production and cash flow potential.

The company’s principal activities revolve around carbon dioxide (CO₂) enhanced oil recovery (EOR) operations.