Evolution Petroleum (NYSEAMERICAN:EPM) has been given a $7.00 target price by stock analysts at Northland Securities in a report released on Monday. The brokerage currently has a “hold” rating on the energy company’s stock. Northland Securities’ price objective would indicate a potential upside of 2.94% from the stock’s current price.

A number of other equities analysts have also commented on EPM. Zacks Investment Research upgraded Evolution Petroleum from a “sell” rating to a “hold” rating in a research note on Wednesday, November 15th. Roth Capital set a $11.00 price objective on Evolution Petroleum and gave the stock a “buy” rating in a research note on Friday, October 20th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $9.33.

Evolution Petroleum (EPM) traded up $0.10 during midday trading on Monday, reaching $6.80. The company’s stock had a trading volume of 58,400 shares, compared to its average volume of 104,723. Evolution Petroleum has a one year low of $6.35 and a one year high of $10.20.

Evolution Petroleum (NYSEAMERICAN:EPM) last posted its earnings results on Wednesday, November 8th. The energy company reported $0.06 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.05 by $0.01. Evolution Petroleum had a return on equity of 8.76% and a net margin of 16.99%. The company had revenue of $8.54 million for the quarter, compared to analyst estimates of $8.19 million. During the same period last year, the company earned $0.02 earnings per share. The business’s revenue was up 12.5% compared to the same quarter last year.

In other Evolution Petroleum news, CFO David Joe sold 7,110 shares of Evolution Petroleum stock in a transaction that occurred on Friday, November 10th. The stock was sold at an average price of $7.50, for a total transaction of $53,325.00. Following the sale, the chief financial officer now directly owns 365,427 shares of the company’s stock, valued at $2,740,702.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Allianz Asset Management GmbH raised its position in Evolution Petroleum by 26.2% in the 3rd quarter. Allianz Asset Management GmbH now owns 395,826 shares of the energy company’s stock worth $2,850,000 after purchasing an additional 82,213 shares during the last quarter. Dimensional Fund Advisors LP raised its position in Evolution Petroleum by 20.3% in the 3rd quarter. Dimensional Fund Advisors LP now owns 627,699 shares of the energy company’s stock worth $4,519,000 after purchasing an additional 106,018 shares during the last quarter. Wells Fargo & Company MN raised its position in Evolution Petroleum by 53.8% in the 3rd quarter. Wells Fargo & Company MN now owns 32,313 shares of the energy company’s stock worth $233,000 after purchasing an additional 11,307 shares during the last quarter. Amica Pension Fund Board of Trustees raised its position in Evolution Petroleum by 114.8% in the 3rd quarter. Amica Pension Fund Board of Trustees now owns 227,080 shares of the energy company’s stock worth $1,635,000 after purchasing an additional 121,385 shares during the last quarter. Finally, Amica Mutual Insurance Co. raised its position in Evolution Petroleum by 114.0% in the 3rd quarter. Amica Mutual Insurance Co. now owns 308,057 shares of the energy company’s stock worth $2,218,000 after purchasing an additional 164,097 shares during the last quarter.

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About Evolution Petroleum

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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