Evolution Petroleum Corporation (NYSE:EPM) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of Evolution Petroleum Corporation (NYSE:EPM) have earned an average recommendation of “Moderate Buy” from the five brokerages that are presently covering the firm, MarketBeat Ratings reports. Two investment 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 1 year price target among analysts that have updated their coverage on the stock in the last year is $5.6250.

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

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Vanguard Personalized Indexing Management LLC grew its position in Evolution Petroleum by 10.3% during the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 25,495 shares of the company’s stock worth $123,000 after purchasing an additional 2,389 shares during the last quarter. BNP Paribas Financial Markets grew its holdings in shares of Evolution Petroleum by 163.4% during the third quarter. BNP Paribas Financial Markets now owns 8,194 shares of the company’s stock valued at $39,000 after buying an additional 5,083 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of Evolution Petroleum by 0.3% during the third quarter. Vanguard Group Inc. now owns 1,600,822 shares of the company’s stock valued at $7,716,000 after buying an additional 5,101 shares during the last quarter. Raymond James Financial Inc. increased its position in shares of Evolution Petroleum by 1.2% in the 3rd quarter. Raymond James Financial Inc. now owns 474,278 shares of the company’s stock valued at $2,286,000 after acquiring an additional 5,658 shares during the period. Finally, Comerica Bank raised its stake in Evolution Petroleum by 894.0% in the 3rd quarter. Comerica Bank now owns 6,908 shares of the company’s stock worth $33,000 after acquiring an additional 6,213 shares during the last quarter. 60.07% of the stock is owned by institutional investors and hedge funds.

Evolution Petroleum Stock Down 1.1%

Shares of NYSE EPM opened at $3.69 on Friday. Evolution Petroleum has a 1 year low of $3.19 and a 1 year high of $5.70. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.64 and a quick ratio of 1.64. The company has a market cap of $129.15 million, a P/E ratio of 73.81 and a beta of 0.29. The firm has a 50-day simple moving average of $3.75 and a two-hundred day simple moving average of $4.47.

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.