Shares of Evolution Petroleum Corp (NYSE:EPM) have been assigned a consensus recommendation of “Hold” from the seven brokerages that are currently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $10.33.
A number of brokerages have issued reports on EPM. BidaskClub lowered shares of Evolution Petroleum Corp from a “buy” rating to a “hold” rating in a report on Tuesday, July 25th. Scotiabank set a $10.00 price objective on shares of Evolution Petroleum Corp and gave the company a “buy” rating in a report on Saturday, July 22nd. Zacks Investment Research lowered shares of Evolution Petroleum Corp from a “hold” rating to a “sell” rating in a report on Wednesday, May 24th. Finally, Roth Capital set a $11.00 price objective on shares of Evolution Petroleum Corp and gave the company a “buy” rating in a report on Monday, May 22nd.
Shares of Evolution Petroleum Corp (NYSE:EPM) traded up 1.91% during trading on Friday, reaching $8.00. 12,417 shares of the company traded hands. The company’s 50-day moving average price is $7.97 and its 200-day moving average price is $8.09. Evolution Petroleum Corp has a 52 week low of $5.16 and a 52 week high of $10.20. The company has a market capitalization of $261.34 million and a P/E ratio of 10.17.
Evolution Petroleum Corp (NYSE:EPM) last announced its quarterly earnings data on Monday, May 8th. The energy company reported $0.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.08 by $0.01. Evolution Petroleum Corp had a net margin of 25.40% and a return on equity of 14.11%. The company had revenue of $9.53 million for the quarter, compared to analysts’ expectations of $9.65 million. Equities research analysts forecast that Evolution Petroleum Corp will post $0.27 EPS for the current fiscal year.
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Hedge funds and other institutional investors have recently bought and sold shares of the stock. First Quadrant L P CA bought a new position in shares of Evolution Petroleum Corp during the second quarter worth about $112,000. American International Group Inc. increased its position 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. Nationwide Fund Advisors increased its position 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. Metropolitan Life Insurance Co. NY bought a new position in shares of Evolution Petroleum Corp during the fourth quarter worth about $177,000. Finally, Bank of Montreal Can increased its position in shares of Evolution Petroleum Corp by 559.3% in the first quarter. Bank of Montreal Can now owns 18,420 shares of the energy company’s stock worth $147,000 after buying an additional 15,626 shares during the last quarter.
About Evolution Petroleum Corp
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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