The Evolution Petroleum Corp (EPM) Receives Outperform Rating from Scotiabank

The Evolution Petroleum Corp (EPM) Receives Outperform Rating from Scotiabank

Scotiabank reiterated their outperform rating on shares of Evolution Petroleum Corp (NYSE:EPM) in a report released on Wednesday morning. The brokerage currently has a $10.00 price objective on the stock.

EPM has been the topic of a number of other reports. TheStreet upgraded Evolution Petroleum Corp from a hold rating to a buy rating in a report on Thursday, September 8th. Zacks Investment Research downgraded Evolution Petroleum Corp from a buy rating to a sell rating in a report on Wednesday, July 6th. Howard Weil started coverage on Evolution Petroleum Corp in a report on Monday. They set a sector outperform rating and a $10.00 target price on the stock. Finally, Roth Capital reiterated a buy rating on shares of Evolution Petroleum Corp in a report on Tuesday, July 12th. Four investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of Buy and a consensus target price of $8.92.

Evolution Petroleum Corp (NYSE:EPM) traded down 2.1315% during midday trading on Wednesday, hitting $7.6631. The stock had a trading volume of 80,066 shares. The company has a market cap of $249.06 million and a price-to-earnings ratio of 10.4974. The company has a 50-day moving average price of $6.33 and a 200-day moving average price of $5.64. Evolution Petroleum Corp has a 12-month low of $3.60 and a 12-month high of $8.48.

The business also recently announced a quarterly dividend, which was paid on Friday, September 30th. Investors of record on Thursday, September 15th were issued a dividend of $0.05 per share. The ex-dividend date was Tuesday, September 13th. This represents a $0.20 annualized dividend and a dividend yield of 2.55%.

Several large investors have recently made changes to their positions in the stock. WealthTrust Axiom LLC increased its stake in Evolution Petroleum Corp by 14.2% in the second quarter. WealthTrust Axiom LLC now owns 619,277 shares of the company’s stock valued at $3,387,000 after buying an additional 76,789 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. Vanguard Group Inc. increased its stake in Evolution Petroleum Corp by 6.1% in the second quarter. Vanguard Group Inc. now owns 863,342 shares of the company’s stock valued at $4,722,000 after buying an additional 49,493 shares in the last quarter. Thomson Horstmann & Bryant Inc. increased its stake in Evolution Petroleum Corp by 3.2% in the second quarter. Thomson Horstmann & Bryant Inc. now owns 1,045,972 shares of the company’s stock valued at $5,721,000 after buying an additional 32,128 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its stake in Evolution Petroleum Corp by 9.7% in the second quarter. Bank of New York Mellon Corp now owns 266,179 shares of the company’s stock valued at $1,456,000 after buying an additional 23,451 shares in the last quarter.

Evolution Petroleum Corp Company Profile

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