Evolution Petroleum (NYSEAMERICAN:EPM) Stock Rating Upgraded by Northland Securities

Key Points

• Northland Securities upgraded Evolution Petroleum from “market perform” to “outperform” and set a $4.00 price target, implying 11.73% upside from the reported $3.58 share price.
• Analyst sentiment remains mixed: three analysts rate the stock a Buy, one rates it Hold, and one rates it Sell. MarketBeat’s consensus rating is “Hold,” with a consensus price target of $4.77.
• Institutional investors and hedge funds own 60.07% of Evolution Petroleum, while the stock has traded between $3.19 and $5.70 over the past year and remains below its 200-day moving average.

Evolution Petroleum (NYSEAMERICAN:EPM - Get Free Report) was upgraded by Northland Securities from a "market perform" rating to an "outperform" rating in a research report issued to clients and investors on Friday, Marketbeat Ratings reports. The brokerage currently has a $4.00 price objective on the energy company's stock. Northland Securities' target price points to a potential upside of 11.73% from the stock's current price.

Several other equities research analysts have also weighed in on the stock. Freedom Capital lowered shares of Evolution Petroleum from a "strong-buy" rating to a "hold" rating in a report on Wednesday, May 20th. Alliance Global Partners reissued a "buy" rating on shares of Evolution Petroleum in a report on Tuesday. Finally, Zacks Research lowered shares of Evolution Petroleum from a "hold" rating to a "strong sell" rating in a research report on Monday, July 13th. Three analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $4.77.

Evolution Petroleum Price Performance

Evolution Petroleum stock opened at $3.58 on Friday. The company has a debt-to-equity ratio of 0.97, a current ratio of 0.61 and a quick ratio of 0.61. The company has a market capitalization of $128.70 million, a PE ratio of -32.55 and a beta of 0.25. Evolution Petroleum has a one year low of $3.19 and a one year high of $5.70. The business has a 50 day simple moving average of $3.70 and a 200 day simple moving average of $4.19.

Hedge Funds Weigh In On Evolution Petroleum

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Comerica Bank grew its holdings in shares of Evolution Petroleum by 894.0% during the third quarter. Comerica Bank now owns 6,908 shares of the energy company's stock worth $33,000 after purchasing an additional 6,213 shares during the last quarter. StoneX Group Inc. bought a new position in shares of Evolution Petroleum in the fourth quarter valued at about $36,000. Equitable Holdings Inc. acquired a new position in Evolution Petroleum during the 2nd quarter worth about $37,000. Inscription Capital LLC acquired a new position in Evolution Petroleum during the 4th quarter worth about $38,000. Finally, BNP Paribas Financial Markets grew its holdings in Evolution Petroleum by 163.4% during the 3rd quarter. BNP Paribas Financial Markets now owns 8,194 shares of the energy company's stock worth $39,000 after acquiring an additional 5,083 shares during the last quarter. Institutional investors and hedge funds own 60.07% of the company's stock.

About Evolution Petroleum

Evolution Petroleum Corporation (NYSE American: EPM) is an independent oil and natural gas company focused on enhanced oil recovery (EOR) through the use of carbon dioxide. Headquartered in Houston, Texas, the company specializes in acquiring and developing mature hydrocarbon reservoirs that benefit from CO₂ injection to increase production efficiency. Evolution Petroleum's business model combines property acquisition, reservoir engineering, and CO₂ management to optimize recovery of oil and associated gas.

The company's primary asset is the Jackson Dome CO₂ field in southwestern Mississippi, where natural carbon dioxide is produced, separated and reinjected into adjacent oil-bearing formations.

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