Brokerages Set Evolution Petroleum Corp (EPM) Price Target at $10.50

Evolution Petroleum Corp (NYSE:EPM) has been given an average recommendation of “Buy” by the six ratings firms that are currently covering the firm. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $10.00.

Several research analysts have issued reports on EPM shares. Zacks Investment Research upgraded shares of Evolution Petroleum Corp from a “sell” rating to a “hold” rating in a report on Friday, March 17th. Scotiabank set a $11.00 price target on shares of Evolution Petroleum Corp and gave the stock a “buy” rating in a report on Wednesday, February 8th.

Several hedge funds have recently added to or reduced their stakes in EPM. Arrowpoint Asset Management LLC increased its stake in shares of Evolution Petroleum Corp by 12.6% in the fourth quarter. Arrowpoint Asset Management LLC now owns 2,225,936 shares of the energy company’s stock valued at $22,259,000 after buying an additional 249,487 shares in the last quarter. Renaissance Technologies LLC increased its stake in shares of Evolution Petroleum Corp by 21.0% in the fourth quarter. Renaissance Technologies LLC now owns 913,200 shares of the energy company’s stock valued at $9,132,000 after buying an additional 158,700 shares in the last quarter. WealthTrust Axiom LLC increased its stake in shares of Evolution Petroleum Corp by 13.2% in the third quarter. WealthTrust Axiom LLC now owns 700,935 shares of the energy company’s stock valued at $4,401,000 after buying an additional 81,658 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Evolution Petroleum Corp by 43.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 373,295 shares of the energy company’s stock valued at $3,733,000 after buying an additional 113,015 shares during the last quarter. Finally, State Street Corp boosted its position in shares of Evolution Petroleum Corp by 24.1% in the fourth quarter. State Street Corp now owns 358,184 shares of the energy company’s stock valued at $3,582,000 after buying an additional 69,626 shares during the last quarter.

Shares of Evolution Petroleum Corp (NYSE:EPM) traded down 2.50% during midday trading on Friday, hitting $7.80. 83,367 shares of the company’s stock traded hands. The company has a 50 day moving average price of $8.02 and a 200 day moving average price of $8.42. Evolution Petroleum Corp has a 1-year low of $4.90 and a 1-year high of $10.20. The firm has a market capitalization of $254.79 million and a price-to-earnings ratio of 11.03.

Evolution Petroleum Corp (NYSE:EPM) last released its quarterly earnings results on Wednesday, February 8th. The energy company reported $0.07 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.07. The firm had revenue of $8.53 million for the quarter, compared to the consensus estimate of $8.49 million. Equities analysts anticipate that Evolution Petroleum Corp will post $0.29 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 31st. Stockholders of record on Wednesday, March 15th were paid a $0.07 dividend. The ex-dividend date was Monday, March 13th. This represents a $0.28 annualized dividend and a dividend yield of 3.59%. This is a positive change from Evolution Petroleum Corp’s previous quarterly dividend of $0.07.

TRADEMARK VIOLATION WARNING: This report was originally published by Sports Perspectives and is owned by of Sports Perspectives. If you are reading this report on another site, it was illegally stolen and republished in violation of United States and international copyright laws. The original version of this report can be read at https://sportsperspectives.com/2017/04/21/analysts-set-evolution-petroleum-corp-epm-price-target-at-10-50-updated.html.

Evolution Petroleum Corp Company Profile

Evolution Petroleum Corporation is an independent oil and gas company. The Company is engaged in the acquisition, exploitation and development of properties for the production of crude oil and natural gas, onshore in the United States. Its assets include interests in a carbon dioxide (CO2) enhanced oil recovery project (EOR) in Louisiana’s Delhi field.

5 Day Chart for NYSE:EPM

Receive News & Ratings for Evolution Petroleum Corp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Evolution Petroleum Corp and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply