Evolution Petroleum Corp (NYSE:EPM) received a $8.00 price target from stock analysts at Northland Securities in a report issued on Monday. The brokerage currently has a “hold” rating on the energy company’s stock. Northland Securities’ price target suggests a potential upside of 14.29% from the stock’s current price.

Several other equities analysts have also issued reports on EPM. Zacks Investment Research lowered Evolution Petroleum Corp from a “buy” rating to a “hold” rating in a research note on Monday, May 1st. Roth Capital set a $11.00 target price on Evolution Petroleum Corp and gave the company a “buy” rating in a research note on Monday, May 22nd. Scotiabank set a $10.00 target price on Evolution Petroleum Corp and gave the company a “buy” rating in a research note on Monday, June 5th. Finally, BidaskClub upgraded Evolution Petroleum Corp from a “hold” rating to a “buy” rating in a research note on Thursday, July 6th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Evolution Petroleum Corp presently has an average rating of “Buy” and an average target price of $9.60.

Shares of Evolution Petroleum Corp (NYSE:EPM) traded down 3.45% on Monday, reaching $7.00. 126,263 shares of the company traded hands. The stock’s 50 day moving average price is $7.94 and its 200-day moving average price is $7.95. Evolution Petroleum Corp has a one year low of $5.59 and a one year high of $10.20. The stock has a market capitalization of $228.68 million and a P/E ratio of 8.89.

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Several large investors have recently modified their holdings of the company. Rhumbline Advisers raised its stake in shares of Evolution Petroleum Corp by 1.4% in the second quarter. Rhumbline Advisers now owns 27,341 shares of the energy company’s stock worth $221,000 after buying an additional 365 shares during the last quarter. American International Group Inc. raised its stake in shares of Evolution Petroleum Corp by 7.1% in the first quarter. American International Group Inc. now owns 15,033 shares of the energy company’s stock worth $120,000 after buying an additional 999 shares during the last quarter. Connors Investor Services Inc. raised its stake in shares of Evolution Petroleum Corp by 5.5% in the second quarter. Connors Investor Services Inc. now owns 31,637 shares of the energy company’s stock worth $256,000 after buying an additional 1,637 shares during the last quarter. Nationwide Fund Advisors raised its stake in shares of Evolution Petroleum Corp by 14.2% in the first quarter. Nationwide Fund Advisors now owns 15,915 shares of the energy company’s stock worth $127,000 after buying an additional 1,979 shares during the last quarter. Finally, Chicago Equity Partners LLC raised its stake in shares of Evolution Petroleum Corp by 7.9% in the second quarter. Chicago Equity Partners LLC now owns 31,670 shares of the energy company’s stock worth $257,000 after buying an additional 2,320 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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