Evolution Petroleum Corporation (NYSE:EPM) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of Evolution Petroleum Corporation (NYSE:EPM) have been assigned a consensus recommendation of “Moderate Buy” from the six analysts that are presently covering the company, MarketBeat.com reports. Two investment analysts have rated the stock with a hold recommendation, three have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $5.6250.

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

Institutional Investors Weigh In On Evolution Petroleum

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Nuveen LLC bought a new position in Evolution Petroleum in the 1st quarter worth $317,000. Ancora Advisors LLC lifted its position in shares of Evolution Petroleum by 142.8% in the first quarter. Ancora Advisors LLC now owns 104,920 shares of the company’s stock valued at $543,000 after acquiring an additional 61,708 shares in the last quarter. Algorithmic Investment Models LLC purchased a new stake in shares of Evolution Petroleum during the first quarter worth about $99,000. AQR Capital Management LLC bought a new stake in Evolution Petroleum during the 1st quarter valued at approximately $91,000. Finally, Goldman Sachs Group Inc. lifted its holdings in Evolution Petroleum by 24.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 139,715 shares of the company’s stock worth $724,000 after purchasing an additional 27,068 shares in the last quarter. Institutional investors own 60.07% of the company’s stock.

Evolution Petroleum Trading Down 1.9%

NYSE EPM opened at $3.58 on Monday. The stock has a market cap of $124.19 million, a P/E ratio of 71.61 and a beta of 0.26. The stock’s fifty day moving average price is $4.10 and its 200-day moving average price is $4.65. Evolution Petroleum has a 12 month low of $3.51 and a 12 month high of $5.70. The company has a current ratio of 1.64, a quick ratio of 1.64 and a debt-to-equity ratio of 0.52.

About Evolution Petroleum

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.