Analysts Set Evolution Petroleum Corporation (NYSE:EPM) PT at $5.33

Shares of Evolution Petroleum Corporation (NYSE:EPM) have been assigned a consensus rating of “Moderate Buy” from the five research firms that are presently covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold recommendation, two have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $5.3333.

A number of brokerages have commented on EPM. Roth Mkm began coverage on Evolution Petroleum in a research note on Thursday, December 4th. They issued a “buy” rating and a $5.00 target price on the stock. Loop Capital set a $5.30 price objective on shares of Evolution Petroleum in a research report on Tuesday, December 23rd. Zacks Research raised shares of Evolution Petroleum from a “strong sell” rating to a “hold” rating in a research note on Tuesday, November 18th. Finally, Freedom Capital upgraded shares of Evolution Petroleum to a “strong-buy” rating in a research report on Tuesday, December 23rd.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in EPM. Comerica Bank raised its stake in shares of Evolution Petroleum by 894.0% in the 3rd quarter. Comerica Bank now owns 6,908 shares of the company’s stock worth $33,000 after buying an additional 6,213 shares in the last quarter. StoneX Group Inc. bought a new stake in Evolution Petroleum in the fourth quarter worth about $36,000. Inscription Capital LLC acquired a new stake in Evolution Petroleum in the 4th quarter valued at about $38,000. BNP Paribas Financial Markets lifted its holdings in Evolution Petroleum by 163.4% in the 3rd quarter. BNP Paribas Financial Markets now owns 8,194 shares of the company’s stock valued at $39,000 after acquiring an additional 5,083 shares during the last quarter. Finally, The Manufacturers Life Insurance Company boosted its position in shares of Evolution Petroleum by 20.4% during the 4th quarter. The Manufacturers Life Insurance Company now owns 13,836 shares of the company’s stock valued at $49,000 after purchasing an additional 2,340 shares in the last quarter. Institutional investors and hedge funds own 60.07% of the company’s stock.

Evolution Petroleum Price Performance

Shares of EPM opened at $4.43 on Tuesday. The company has a current ratio of 1.64, a quick ratio of 1.64 and a debt-to-equity ratio of 0.52. The firm has a market cap of $155.07 million, a price-to-earnings ratio of 88.62 and a beta of 0.31. Evolution Petroleum has a 52 week low of $3.19 and a 52 week high of $5.70. The stock has a 50 day moving average of $3.79 and a 200-day moving average of $4.36.

About Evolution Petroleum

Evolution Petroleum Enterprises, Inc (NYSE:EPM) is an independent oil and gas company focused on acquiring, developing and producing petroleum and natural gas assets in the United States. Through a strategy centered on high-margin, mature fields, the company targets properties where enhanced recovery techniques can unlock remaining reserves, offering stable production and cash flow potential.

The company’s principal activities revolve around carbon dioxide (CO₂) enhanced oil recovery (EOR) operations.