Evolution Petroleum Corporation (NYSE:EPM) Receives $5.63 Average Target Price from Brokerages

Evolution Petroleum Corporation (NYSE:EPM) has been given an average rating of “Moderate Buy” by the five ratings firms that are covering the company, MarketBeat.com reports. Two analysts have rated the stock with a hold recommendation, two have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price target among analysts that have covered the stock in the last year is $5.6250.

A number of research analysts have issued reports on the company. Roth Mkm started coverage on Evolution Petroleum in a research note on Thursday, December 4th. They issued a “buy” rating and a $5.00 price objective for the company. Zacks Research raised shares of Evolution Petroleum from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 18th. Loop Capital set a $5.30 price target on shares of Evolution Petroleum in a research report on Tuesday, December 23rd. Finally, Freedom Capital raised shares of Evolution Petroleum to a “strong-buy” rating in a research report on Tuesday, December 23rd.

Evolution Petroleum Stock Performance

NYSE:EPM opened at $3.71 on Friday. The firm has a market capitalization of $129.85 million, a P/E ratio of 74.21 and a beta of 0.29. The company has a quick ratio of 1.64, a current ratio of 1.64 and a debt-to-equity ratio of 0.52. The company has a fifty day moving average of $3.74 and a 200-day moving average of $4.46. Evolution Petroleum has a twelve month low of $3.19 and a twelve month high of $5.70.

Hedge Funds Weigh In On Evolution Petroleum

Several institutional investors have recently bought and sold shares of the company. PNC Financial Services Group Inc. increased its position in shares of Evolution Petroleum by 157.8% during the second quarter. PNC Financial Services Group Inc. now owns 25,041 shares of the company’s stock valued at $118,000 after buying an additional 15,328 shares during the period. Register Financial Advisors LLC grew its stake in Evolution Petroleum by 6.0% during the second quarter. Register Financial Advisors LLC now owns 315,611 shares of the company’s stock valued at $1,483,000 after acquiring an additional 17,829 shares in the last quarter. Vanguard Personalized Indexing Management LLC increased its holdings in Evolution Petroleum by 43.1% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 23,106 shares of the company’s stock worth $109,000 after acquiring an additional 6,961 shares during the period. WealthTrust Axiom LLC lifted its stake in Evolution Petroleum by 1.0% in the 2nd quarter. WealthTrust Axiom LLC now owns 1,785,400 shares of the company’s stock worth $8,391,000 after purchasing an additional 18,212 shares in the last quarter. Finally, Jackson Hole Capital Partners LLC purchased a new stake in Evolution Petroleum in the 2nd quarter worth approximately $139,000. Hedge funds and other institutional investors own 60.07% of the company’s stock.

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.