Evolution Petroleum Corp (NYSE:EPM) has been given a $10.00 price target by equities researchers at Scotiabank in a research report issued to clients and investors on Saturday. The brokerage presently has a “buy” rating on the energy company’s stock. Scotiabank’s price target suggests a potential upside of 25.79% from the stock’s previous close.

Several other research analysts have also commented on the company. Zacks Investment Research lowered Evolution Petroleum Corp from a “buy” rating to a “hold” rating in a research report on Monday, May 1st. Roth Capital set a $11.00 target price on Evolution Petroleum Corp and gave the stock a “buy” rating in a research report on Monday, May 22nd. Finally, BidaskClub upgraded Evolution Petroleum Corp from a “hold” rating to a “buy” rating in a research report on Thursday, July 6th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and five have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $10.00.

Shares of Evolution Petroleum Corp (NYSE:EPM) traded down 2.45% during midday trading on Friday, reaching $7.95. The company’s stock had a trading volume of 82,979 shares. The company’s 50-day moving average price is $7.83 and its 200 day moving average price is $8.16. The firm has a market capitalization of $259.71 million and a PE ratio of 10.10. Evolution Petroleum Corp has a 1-year low of $5.12 and a 1-year high of $10.20.

Evolution Petroleum Corp (NYSE:EPM) last issued 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 business had revenue of $9.53 million for the quarter, compared to analyst estimates of $9.65 million. Evolution Petroleum Corp had a net margin of 25.40% and a return on equity of 14.11%. On average, equities research analysts forecast that Evolution Petroleum Corp will post $0.27 earnings per share for the current year.

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A number of hedge funds have recently made changes to their positions in EPM. Dimensional Fund Advisors LP increased its stake in shares of Evolution Petroleum Corp by 43.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 373,295 shares of the energy company’s stock valued at $3,733,000 after buying an additional 113,015 shares during the last quarter. Cornerstone Capital Management Holdings LLC. boosted its position in shares of Evolution Petroleum Corp by 65.0% in the first quarter. Cornerstone Capital Management Holdings LLC. now owns 135,286 shares of the energy company’s stock worth $1,081,000 after buying an additional 53,286 shares during the last quarter. LSV Asset Management bought a new position in shares of Evolution Petroleum Corp during the first quarter worth about $708,000. River Road Asset Management LLC boosted its position 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 during the last quarter. Finally, Russell Investments Group Ltd. bought a new position in shares of Evolution Petroleum Corp during the fourth quarter worth about $1,751,000.

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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