Northland Capital Partners Initiates Coverage on Evolution Petroleum Corp. (EPM)
Stock analysts at Northland Capital Partners began coverage on shares of Evolution Petroleum Corp. (NYSE:EPM) in a report issued on Thursday, Stock Ratings Network.com reports. The firm set an “outperform” rating and a $14.50 price target on the stock. Northland Capital Partners’ price target suggests a potential upside of 27.87% from the stock’s previous close.
In other Evolution Petroleum Corp. news, CEO Robert S. Herlin sold 227,392 shares of Evolution Petroleum Corp. stock on the open market in a transaction dated Thursday, September 26th. The stock was sold at an average price of $11.18, for a total transaction of $2,542,242.56. The sale was disclosed in a legal filing with the SEC, which is available at this link.
Shares of Evolution Petroleum Corp. (NYSE:EPM) traded up 0.44% on Thursday, hitting $11.34. 85,052 shares of the company’s stock traded hands. Evolution Petroleum Corp. has a one year low of $7.48 and a one year high of $12.59. The stock has a 50-day moving average of $11.45 and a 200-day moving average of $10.87. The company has a market cap of $320.0 million and a P/E ratio of 59.42.
Other equities research analysts have also recently issued reports about the stock. Analysts at Northland Securities initiated coverage on shares of Evolution Petroleum Corp. (NYSE:EPM) in a research note to investors on Wednesday. They set an “outperform” rating and a $74.00 price target on the stock. Analysts at Zacks downgraded shares of Evolution Petroleum Corp. (NYSE:EPM) from a “neutral” rating to an “underperform” rating in a research note to investors on Tuesday, September 17th. They now have a $11.20 price target on the stock. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have assigned a buy rating to the stock. Evolution Petroleum Corp. currently has a consensus rating of “Buy” and an average price target of $21.67.
Evolution Petroleum Corporation (NYSE:EPM) is a petroleum company engaged primarily in the acquisition, exploitation and development of properties for the production of crude oil and natural gas, onshore in the United States.
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