Evolution Petroleum Corp (EPM) Given a $11.00 Price Target at Roth Capital

Evolution Petroleum Corp (NYSE:EPM) has been assigned a $11.00 target price by equities research analysts at Roth Capital in a research report issued on Thursday. The firm presently has a “buy” rating on the energy company’s stock. Roth Capital’s price objective points to a potential upside of 36.65% from the company’s current price.

A number of other equities analysts have also weighed in on EPM. Zacks Investment Research lowered shares of Evolution Petroleum Corp from a “buy” rating to a “hold” rating in a research report on Monday, May 1st. Scotiabank set a $10.00 target price on shares of Evolution Petroleum Corp and gave the stock a “buy” rating in a research report on Monday, June 5th. Finally, BidaskClub upgraded shares of Evolution Petroleum Corp from a “hold” rating to a “buy” rating in a research report on Thursday, July 6th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the company. Evolution Petroleum Corp currently has an average rating of “Hold” and an average price target of $10.00.

Evolution Petroleum Corp (EPM) traded down 0.2870% during mid-day trading on Thursday, hitting $8.0269. 4,679 shares of the stock were exchanged. The company has a market capitalization of $262.22 million and a PE ratio of 10.1994. Evolution Petroleum Corp has a 52 week low of $5.21 and a 52 week high of $10.20. The stock’s 50-day moving average is $8.05 and its 200 day moving average is $8.06.

Evolution Petroleum Corp (NYSE:EPM) last issued its earnings results 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 business had revenue of $9.53 million for the quarter, compared to the consensus estimate of $9.65 million. Evolution Petroleum Corp had a return on equity of 14.11% and a net margin of 25.40%. On average, analysts anticipate that Evolution Petroleum Corp will post $0.27 EPS for the current year.

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A number of large investors have recently made changes to their positions in the stock. Vanguard Group Inc. increased its stake in shares of Evolution Petroleum Corp by 2.3% in the first quarter. Vanguard Group Inc. now owns 1,187,925 shares of the energy company’s stock worth $9,503,000 after buying an additional 26,421 shares in the last quarter. River Road Asset Management LLC increased its stake in shares of 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 worth $4,720,000 after buying an additional 2,740 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Evolution Petroleum Corp by 8.3% in the first quarter. Dimensional Fund Advisors LP now owns 404,301 shares of the energy company’s stock worth $3,234,000 after buying an additional 31,006 shares in the last quarter. State Street Corp increased its stake in shares of Evolution Petroleum Corp by 24.1% in the fourth quarter. State Street Corp now owns 358,184 shares of the energy company’s stock worth $3,582,000 after buying an additional 69,626 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its stake in shares of Evolution Petroleum Corp by 1.1% in the second quarter. Bank of New York Mellon Corp now owns 307,971 shares of the energy company’s stock worth $2,494,000 after buying an additional 3,457 shares in 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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