Todays Report: The Evolution Petroleum Corp (EPM) Research Coverage Started at Howard Weil

The Evolution Petroleum Corp (EPM) Research Coverage Started at Howard Weil

Howard Weil assumed coverage on shares of Evolution Petroleum Corp (NYSE:EPM) in a research report released on Monday. The firm issued a sector outperform rating and a $10.00 price target on the stock.

Other equities analysts also recently issued reports about the company. Zacks Investment Research upgraded Evolution Petroleum Corp from a sell rating to a hold rating in a report on Tuesday, August 30th. TheStreet upgraded Evolution Petroleum Corp from a hold rating to a buy rating in a research note on Thursday, September 8th. Finally, Roth Capital reiterated a buy rating on shares of Evolution Petroleum Corp in a research note on Tuesday, July 12th. Four analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of Buy and a consensus target price of $8.92.

Shares of Evolution Petroleum Corp (NYSE:EPM) opened at 7.83 on Monday. The stock has a market cap of $254.48 million and a PE ratio of 10.73. The firm 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 52 week low of $3.60 and a 52 week high of $8.48.

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

Several large investors have recently bought and sold shares of EPM. Foundry Partners LLC raised its stake in Evolution Petroleum Corp by 1.1% in the third quarter. Foundry Partners LLC now owns 227,220 shares of the company’s stock worth $1,427,000 after buying an additional 2,495 shares during the period. Numeric Investors LLC acquired a new stake in shares of Evolution Petroleum Corp during the second quarter worth $103,000. Parametric Portfolio Associates LLC raised its stake in shares of Evolution Petroleum Corp by 1.5% in the second quarter. Parametric Portfolio Associates LLC now owns 232,635 shares of the company’s stock worth $1,273,000 after buying an additional 3,467 shares during the period. Allianz Asset Management AG raised its stake in shares of Evolution Petroleum Corp by 44.6% in the second quarter. Allianz Asset Management AG now owns 164,669 shares of the company’s stock worth $901,000 after buying an additional 50,803 shares during the period. Finally, State Street Corp raised its stake in shares of Evolution Petroleum Corp by 0.9% in the second quarter. State Street Corp now owns 281,942 shares of the company’s stock worth $1,542,000 after buying an additional 2,609 shares during the period.

Evolution Petroleum Corp Company Profile

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