Evolution Petroleum Corporation (NYSE:EPM) Receives $5.63 Consensus Target Price from Analysts

Shares of Evolution Petroleum Corporation (NYSE:EPM) have earned a consensus recommendation of “Moderate Buy” from the six research firms that are currently covering the stock, MarketBeat reports. Two equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating on the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $5.6250.

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

Institutional Investors Weigh In On Evolution Petroleum

Hedge funds have recently made changes to their positions in the business. Comerica Bank grew its holdings in shares of Evolution Petroleum by 894.0% during 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 lifted its position in Evolution Petroleum by 163.4% during the 3rd quarter. BNP Paribas Financial Markets now owns 8,194 shares of the company’s stock worth $39,000 after acquiring an additional 5,083 shares during the period. Franklin Resources Inc. purchased a new position in shares of Evolution Petroleum in the 3rd quarter valued at approximately $53,000. Regent Peak Wealth Advisors LLC acquired a new position in shares of Evolution Petroleum in the third quarter valued at approximately $57,000. Finally, Kathmere Capital Management LLC acquired a new position in shares of Evolution Petroleum in the third quarter valued at approximately $60,000. Institutional investors and hedge funds own 60.07% of the company’s stock.

Evolution Petroleum Stock Performance

NYSE EPM opened at $3.64 on Monday. 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 $3.51 and a 1 year high of $5.70. The company has a market capitalization of $126.28 million, a PE ratio of 72.81 and a beta of 0.29. The company has a fifty day moving average of $4.00 and a two-hundred day moving average of $4.59.

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.