Evolution Petroleum Corp (EPM) Receives $10.00 Consensus Target Price from Analysts
Evolution Petroleum Corp (NYSE:EPM) has received a consensus rating of “Buy” from the six research firms that are presently covering the company. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $10.00.
Several analysts have weighed in on EPM shares. Zacks Investment Research raised shares of Evolution Petroleum Corp from a “sell” rating to a “hold” rating in a research note on Tuesday, August 30th. TheStreet raised shares of Evolution Petroleum Corp from a “hold” rating to a “buy” rating in a research note on Thursday, September 8th. Northland Securities downgraded shares of Evolution Petroleum Corp from an “outperform” rating to a “market perform” rating in a research note on Thursday, October 20th. Scotiabank reissued an “outperform” rating and issued a $10.00 price target on shares of Evolution Petroleum Corp in a research note on Wednesday, October 12th. Finally, Howard Weil started coverage on shares of Evolution Petroleum Corp in a research note on Monday, October 10th. They issued a “sector outperform” rating and a $10.00 price target for the company.
Evolution Petroleum Corp (NYSE:EPM) opened at 8.05 on Friday. The company has a market cap of $262.36 million and a PE ratio of 12.23. The stock’s 50 day moving average is $7.84 and its 200-day moving average is $6.26. Evolution Petroleum Corp has a 52-week low of $3.60 and a 52-week high of $8.75.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 30th. Shareholders of record on Thursday, December 15th will be given a $0.065 dividend. This is a boost from Evolution Petroleum Corp’s previous quarterly dividend of $0.05. The ex-dividend date of this dividend is Tuesday, December 13th. This represents a $0.26 dividend on an annualized basis and a dividend yield of 3.23%.
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Institutional investors have recently added to or reduced their stakes in the stock. Numeric Investors LLC purchased a new position in Evolution Petroleum Corp during the second quarter worth about $103,000. KCG Holdings Inc. purchased a new position in Evolution Petroleum Corp during the third quarter worth about $124,000. Chicago Equity Partners LLC purchased a new position in Evolution Petroleum Corp during the third quarter worth about $143,000. Spark Investment Management LLC purchased a new position in Evolution Petroleum Corp during the third quarter worth about $151,000. Finally, Rhumbline Advisers boosted its position in Evolution Petroleum Corp by 38.2% in the second quarter. Rhumbline Advisers now owns 32,465 shares of the company’s stock worth $178,000 after buying an additional 8,976 shares during the last quarter.
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.
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