Evolution Petroleum Corporation (NYSE:EPM) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of Evolution Petroleum Corporation (NYSE:EPM) have been assigned a consensus rating of “Moderate Buy” from the five ratings firms that are presently covering the firm, MarketBeat.com reports. Two research analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $5.6250.

Several brokerages have recently commented on EPM. Roth Mkm started coverage on Evolution Petroleum in a report on Thursday, December 4th. They set a “buy” rating and a $5.00 price objective for the company. Freedom Capital upgraded Evolution Petroleum to a “strong-buy” rating in a research note on Tuesday, December 23rd. Loop Capital set a $5.30 price target on Evolution Petroleum in a research note on Tuesday, December 23rd. Finally, Zacks Research raised Evolution Petroleum from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 18th.

Evolution Petroleum Trading Up 1.8%

NYSE:EPM opened at $3.90 on Friday. The stock has a market capitalization of $136.50 million, a price-to-earnings ratio of 78.02 and a beta of 0.29. Evolution Petroleum has a 52 week low of $3.19 and a 52 week high of $5.70. The company has a quick ratio of 1.64, a current ratio of 1.64 and a debt-to-equity ratio of 0.52. The firm has a 50 day moving average of $3.73 and a 200 day moving average of $4.43.

Institutional Trading of Evolution Petroleum

Large investors have recently bought and sold shares of the stock. Comerica Bank raised its holdings in shares of Evolution Petroleum by 894.0% in the third quarter. Comerica Bank now owns 6,908 shares of the company’s stock worth $33,000 after buying an additional 6,213 shares during the last quarter. BNP Paribas Financial Markets increased its position in shares of Evolution Petroleum by 163.4% in the 3rd quarter. BNP Paribas Financial Markets now owns 8,194 shares of the company’s stock valued at $39,000 after acquiring an additional 5,083 shares during the period. Inscription Capital LLC purchased a new position in Evolution Petroleum in the 4th quarter worth $38,000. Franklin Resources Inc. purchased a new position in Evolution Petroleum in the 3rd quarter worth $53,000. Finally, Regent Peak Wealth Advisors LLC acquired a new stake in Evolution Petroleum during the 3rd quarter worth about $57,000. Hedge funds and other 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.