Evolution Petroleum Corporation (NYSE:EPM) Given Average Rating of "Moderate Buy" by Analysts
Evolution Petroleum Corporation (NYSE:EPM — Get Free Report) has received a consensus recommendation of “Moderate Buy” from the five research firms that are covering the firm, Marketbeat 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 price target among brokers that have covered the stock in the last year is $5.3333.
EPM has been the subject of a number of research reports. Freedom Capital upgraded Evolution Petroleum to a “strong-buy” rating in a research note on Tuesday, December 23rd. Roth Mkm initiated coverage on shares of Evolution Petroleum in a research note on Thursday, December 4th. They issued a “buy” rating and a $5.00 target price for the company. Loop Capital set a $5.30 price target on shares of Evolution Petroleum in a research note on Tuesday, December 23rd. Finally, Zacks Research raised shares of Evolution Petroleum from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 18th.
Get Our Latest Analysis on Evolution Petroleum
Hedge Funds Weigh In On Evolution Petroleum
Several hedge funds have recently added to or reduced their stakes in EPM. Squarepoint Ops LLC bought a new stake in Evolution Petroleum during the 4th quarter worth about $55,000. WealthTrust Axiom LLC grew its position 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 worth $6,898,000 after buying an additional 166,624 shares during the period. Barclays PLC raised its stake in shares of Evolution Petroleum by 10.8% during the fourth quarter. Barclays PLC now owns 52,739 shares of the company’s stock worth $187,000 after buying an additional 5,121 shares during the last quarter. The Manufacturers Life Insurance Company raised its stake in shares of Evolution Petroleum by 20.4% during the fourth quarter. The Manufacturers Life Insurance Company now owns 13,836 shares of the company’s stock worth $49,000 after buying an additional 2,340 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd acquired a new position in Evolution Petroleum in the fourth quarter valued at approximately $70,000. Institutional investors own 60.07% of the company’s stock.
Evolution Petroleum Stock Up 5.8%
NYSE EPM opened at $4.37 on Tuesday. The stock’s 50 day simple moving average is $3.76 and its 200 day simple moving average is $4.36. Evolution Petroleum has a one year low of $3.19 and a one year high of $5.70. The firm has a market cap of $152.97 million, a PE ratio of 87.42 and a beta of 0.31. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.64 and a quick ratio of 1.64.
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.
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