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

Shares of Evolution Petroleum Corporation (NYSE:EPM) have been assigned an average recommendation of “Moderate Buy” from the five analysts that are currently covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $5.3333.

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

Evolution Petroleum Stock Performance

NYSE:EPM opened at $4.29 on Tuesday. The company has a market capitalization of $150.17 million, a price-to-earnings ratio of 85.82 and a beta of 0.31. The business has a 50 day moving average of $3.80 and a 200 day moving average of $4.35. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.64 and a quick ratio of 1.64. Evolution Petroleum has a 1-year low of $3.19 and a 1-year high of $5.70.

Hedge Funds Weigh In On Evolution Petroleum

Large investors have recently bought and sold shares of the stock. Rothschild Wealth LLC purchased a new stake in shares of Evolution Petroleum during the fourth quarter valued at approximately $617,000. WealthTrust Axiom LLC boosted its position in Evolution Petroleum by 9.4% during the 4th quarter. WealthTrust Axiom LLC now owns 1,948,657 shares of the company’s stock valued at $6,898,000 after buying an additional 166,624 shares during the period. Ritholtz Wealth Management bought a new stake in Evolution Petroleum in the 3rd quarter worth $655,000. Raymond James Financial Inc. grew its holdings in Evolution Petroleum by 30.9% in the 2nd quarter. Raymond James Financial Inc. now owns 468,620 shares of the company’s stock worth $2,203,000 after acquiring an additional 110,687 shares during the last quarter. Finally, American Century Companies Inc. increased its position in shares of Evolution Petroleum by 14.2% in the second quarter. American Century Companies Inc. now owns 855,498 shares of the company’s stock valued at $4,021,000 after acquiring an additional 106,056 shares during the period. 60.07% of the stock is owned by hedge funds and other institutional investors.

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.