Evolution Petroleum Corp (NYSE:EPM) has been assigned a $11.00 price objective by research analysts at Roth Capital in a report issued on Friday. The brokerage currently has a “buy” rating on the energy company’s stock. Roth Capital’s target price would suggest a potential upside of 58.27% from the stock’s current price.

Several other brokerages have also recently commented on EPM. BidaskClub upgraded shares of Evolution Petroleum Corp from a “hold” rating to a “buy” rating in a research note on Thursday, July 6th. Scotiabank set a $10.00 price objective on shares of Evolution Petroleum Corp and gave the company a “buy” rating in a research note on Saturday, July 22nd. Zacks Investment Research upgraded shares of Evolution Petroleum Corp from a “sell” rating to a “hold” rating in a research note on Monday, August 14th. Finally, Northland Securities set a $8.00 price objective on shares of Evolution Petroleum Corp and gave the company a “hold” rating in a research note on Monday, August 28th. One equities 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. Evolution Petroleum Corp currently has an average rating of “Hold” and an average target price of $9.67.

Evolution Petroleum Corp (NYSE EPM) traded down 1.42% during mid-day trading on Friday, hitting $6.95. 35,159 shares of the stock were exchanged. The company has a market cap of $227.23 million and a P/E ratio of 33.74. The company has a 50-day moving average price of $7.01 and a 200-day moving average price of $7.64. 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 announced its quarterly earnings data on Wednesday, September 6th. The energy company reported $0.05 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.07 by ($0.02). Evolution Petroleum Corp had a net margin of 16.99% and a return on equity of 8.76%. The company had revenue of $8.84 million during the quarter, compared to analyst estimates of $9.52 million. During the same quarter last year, the business earned $0.63 EPS. The firm’s revenue for the quarter was up 22.1% on a year-over-year basis. Analysts forecast that Evolution Petroleum Corp will post $0.33 earnings per share for the current fiscal year.

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A number of institutional investors and hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. raised its position in Evolution Petroleum Corp by 3.8% during the second quarter. Vanguard Group Inc. now owns 1,232,494 shares of the energy company’s stock worth $9,983,000 after acquiring an additional 44,569 shares during the last quarter. Dimensional Fund Advisors LP raised its position in Evolution Petroleum Corp by 29.0% during the second quarter. Dimensional Fund Advisors LP now owns 521,681 shares of the energy company’s stock worth $4,226,000 after acquiring an additional 117,380 shares during the last quarter. State Street Corp raised its position in Evolution Petroleum Corp by 16.9% during the second quarter. State Street Corp now owns 437,746 shares of the energy company’s stock worth $3,548,000 after acquiring an additional 63,208 shares during the last quarter. Bard Associates Inc. raised its position in Evolution Petroleum Corp by 0.7% during the second quarter. Bard Associates Inc. now owns 406,268 shares of the energy company’s stock worth $3,291,000 after acquiring an additional 2,825 shares during the last quarter. Finally, Northern Trust Corp raised its position in Evolution Petroleum Corp by 18.3% during the second quarter. Northern Trust Corp now owns 380,506 shares of the energy company’s stock worth $3,083,000 after acquiring an additional 58,964 shares during the last quarter.

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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