Brokerages Set Evolution Petroleum Corporation (NYSE:EPM) Target Price at $5.33

Evolution Petroleum Corporation (NYSE:EPM) has been assigned an average rating of “Moderate Buy” from the five analysts that are covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $5.3333.

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

Evolution Petroleum Stock Performance

Shares of EPM stock opened at $4.52 on Tuesday. The stock has a fifty day moving average of $3.79 and a two-hundred day moving average of $4.36. The firm has a market capitalization of $158.22 million, a PE ratio of 90.42 and a beta of 0.31. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.64 and a current ratio of 1.64. Evolution Petroleum has a 1 year low of $3.19 and a 1 year high of $5.70.

Institutional Trading of Evolution Petroleum

Hedge funds have recently modified their holdings of the company. Comerica Bank increased its stake in Evolution Petroleum by 894.0% in the third quarter. Comerica Bank now owns 6,908 shares of the company’s stock valued at $33,000 after acquiring an additional 6,213 shares during the period. BNP Paribas Financial Markets increased its holdings in shares of Evolution Petroleum by 163.4% in the third quarter. BNP Paribas Financial Markets now owns 8,194 shares of the company’s stock valued at $39,000 after purchasing an additional 5,083 shares in the last quarter. StoneX Group Inc. acquired a new position in shares of Evolution Petroleum during the fourth quarter valued at $36,000. Inscription Capital LLC acquired a new position in Evolution Petroleum in the fourth quarter valued at approximately $38,000. Finally, Franklin Resources Inc. bought a new position in shares of Evolution Petroleum in the 3rd quarter worth $53,000. 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.