Evolution Petroleum Corp (NYSE:EPM) has been given a consensus rating of “Buy” by the six analysts that are covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $10.33.
EPM has been the topic of a number of research reports. Zacks Investment Research lowered Evolution Petroleum Corp from a “hold” rating to a “sell” rating in a report on Wednesday, May 24th. Roth Capital set a $11.00 price objective on Evolution Petroleum Corp and gave the company a “buy” rating in a report on Monday, May 22nd. Finally, Scotiabank set a $11.00 price objective on Evolution Petroleum Corp and gave the company a “buy” rating in a report on Monday, March 27th.
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Evolution Petroleum Corp (NYSE EPM) traded up 2.68% during midday trading on Friday, hitting $7.65. The company’s stock had a trading volume of 193,568 shares. The company’s 50-day moving average is $7.72 and its 200 day moving average is $8.42. Evolution Petroleum Corp has a one year low of $5.12 and a one year high of $10.20. The company has a market cap of $249.91 million and a price-to-earnings ratio of 9.72.
Evolution Petroleum Corp (NYSE:EPM) last announced its quarterly earnings data on Monday, May 8th. The energy company reported $0.07 earnings per share for the quarter, missing analysts’ consensus estimates of $0.08 by $0.01. The firm had revenue of $9.53 million during the quarter, compared to analyst estimates of $9.65 million. On average, analysts predict that Evolution Petroleum Corp will post $0.29 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, June 30th. Investors of record on Thursday, June 15th will be issued a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 3.66%. The ex-dividend date of this dividend is Tuesday, June 13th.
A number of hedge funds have recently bought and sold shares of EPM. American International Group Inc. raised its stake in 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 valued at $120,000 after buying an additional 999 shares during the period. Nationwide Fund Advisors raised its stake in Evolution Petroleum Corp by 14.2% in the first quarter. Nationwide Fund Advisors now owns 15,915 shares of the energy company’s stock valued at $127,000 after buying an additional 1,979 shares during the period. Metropolitan Life Insurance Co. NY raised its stake in Evolution Petroleum Corp by 15.1% in the first quarter. Metropolitan Life Insurance Co. NY now owns 20,319 shares of the energy company’s stock valued at $163,000 after buying an additional 2,662 shares during the period. River Road Asset Management LLC raised its stake in Evolution Petroleum Corp by 0.5% in the first quarter. River Road Asset Management LLC now owns 589,987 shares of the energy company’s stock valued at $4,720,000 after buying an additional 2,740 shares during the period. Finally, Bank of New York Mellon Corp raised its stake in Evolution Petroleum Corp by 1.4% in the first quarter. Bank of New York Mellon Corp now owns 304,514 shares of the energy company’s stock valued at $2,437,000 after buying an additional 4,147 shares during the period.
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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