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

Roth Capital set a $11.00 price objective on Evolution Petroleum Corp (NYSE:EPM) in a research note published on Friday morning. The firm currently has a buy rating on the energy company’s stock.

Other research analysts have also issued reports about the stock. Zacks Investment Research raised shares of Evolution Petroleum Corp from a sell rating to a hold rating in a research note on Monday, August 14th. BidaskClub lowered shares of Evolution Petroleum Corp from a buy rating to a hold rating in a research note on Tuesday, July 25th. Scotiabank set a $10.00 target price on shares of Evolution Petroleum Corp and gave the stock a buy rating in a research note on Saturday, July 22nd. Finally, Northland Securities set a $8.00 target price on shares of Evolution Petroleum Corp and gave the stock a hold rating in a research note on Monday, August 28th. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company’s stock. The stock has an average rating of Hold and an average target price of $9.67.

Shares of Evolution Petroleum Corp (NYSE:EPM) traded down 1.42% during midday trading on Friday, reaching $6.95. The company’s stock had a trading volume of 35,159 shares. The stock’s 50 day moving average price is $7.01 and its 200 day moving average price is $7.63. The firm has a market cap of $227.23 million and a price-to-earnings ratio of 33.74. Evolution Petroleum Corp has a one year low of $6.35 and a one year high of $10.20.

Evolution Petroleum Corp (NYSE:EPM) last released its earnings results on Wednesday, September 6th. The energy company reported $0.05 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.07 by ($0.02). Evolution Petroleum Corp had a return on equity of 8.76% and a net margin of 16.99%. The business had revenue of $8.84 million during the quarter, compared to analysts’ expectations of $9.52 million. During the same period last year, the business earned $0.63 earnings per share. The company’s revenue for the quarter was up 22.1% compared to the same quarter last year. Analysts predict that Evolution Petroleum Corp will post $0.33 earnings per share for the current year.

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The firm also recently announced a quarterly dividend, which was paid on Friday, September 29th. Shareholders of record on Friday, September 15th were paid a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a yield of 4.32%. This is a positive change from Evolution Petroleum Corp’s previous quarterly dividend of $0.07. The ex-dividend date of this dividend was Thursday, September 14th.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in EPM. Virtu KCG Holdings LLC purchased a new stake in shares of Evolution Petroleum Corp during the 2nd quarter valued at approximately $101,000. First Quadrant L P CA purchased a new stake in shares of Evolution Petroleum Corp during the 2nd quarter valued at approximately $112,000. American International Group Inc. raised its position in shares of Evolution Petroleum Corp by 7.1% during the 1st 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 position in shares of Evolution Petroleum Corp by 14.2% during the 1st 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. Finally, Alliancebernstein L.P. purchased a new stake in shares of Evolution Petroleum Corp during the 2nd quarter valued at approximately $133,000.

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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