Evolution Petroleum Corp (EPM) Research Coverage Started at Howard Weil
Research analysts at Howard Weil initiated coverage on shares of Evolution Petroleum Corp (NYSE:EPM) in a note issued to investors on Monday. The firm set a “sector outperform” rating and a $10.00 price target on the stock. Howard Weil’s target price points to a potential upside of 35.14% from the stock’s previous close.
EPM has been the topic of several other reports. Zacks Investment Research upgraded Evolution Petroleum Corp from a “hold” rating to a “strong-buy” rating and set a $6.75 target price on the stock in a report on Tuesday, September 13th. Roth Capital reiterated a “buy” rating on shares of Evolution Petroleum Corp in a report on Tuesday, July 12th. Finally, TheStreet upgraded Evolution Petroleum Corp from a “hold” rating to a “buy” rating in a report on Thursday, September 8th.
Evolution Petroleum Corp (NYSE:EPM) traded up 6.2500% during midday trading on Monday, hitting $7.8625. The stock had a trading volume of 273,648 shares. Evolution Petroleum Corp has a 12-month low of $3.60 and a 12-month high of $8.48. The company has a 50-day moving average price of $6.15 and a 200-day moving average price of $5.57. The company has a market cap of $255.54 million and a price-to-earnings ratio of 10.7705.
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The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 30th. Shareholders of record on Thursday, September 15th were issued a dividend of $0.05 per share. The ex-dividend date of this dividend was Tuesday, September 13th. This represents a $0.20 annualized dividend and a yield of 2.70%.
A number of large investors have recently bought and sold shares of EPM. Foundry Partners LLC increased its stake in Evolution Petroleum Corp by 1.1% in the third quarter. Foundry Partners LLC now owns 227,220 shares of the company’s stock valued at $1,427,000 after buying an additional 2,495 shares in the last quarter. Numeric Investors LLC acquired a new stake in Evolution Petroleum Corp during the second quarter valued at about $103,000. Parametric Portfolio Associates LLC increased its stake in Evolution Petroleum Corp by 1.5% in the second quarter. Parametric Portfolio Associates LLC now owns 232,635 shares of the company’s stock valued at $1,273,000 after buying an additional 3,467 shares in the last quarter. Allianz Asset Management AG increased its stake in Evolution Petroleum Corp by 44.6% in the second quarter. Allianz Asset Management AG now owns 164,669 shares of the company’s stock valued at $901,000 after buying an additional 50,803 shares in the last quarter. Finally, State Street Corp increased its stake in Evolution Petroleum Corp by 0.9% in the second quarter. State Street Corp now owns 281,942 shares of the company’s stock valued at $1,542,000 after buying an additional 2,609 shares in the last quarter.
About Evolution Petroleum Corp
Evolution Petroleum Corporation is an independent petroleum 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. The Company focuses on applying artificial lift technology called Gas Assisted Rod Pump (GARP) for recovering incremental oil and gas from existing wells.
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