Stock Mover of the Day: Could Evolution Petroleum Corp See a Reversal After This Very Strong Session?

Stock Mover of the Day: Could Evolution Petroleum Corp See a Reversal After This Very Strong Session?

The stock of Evolution Petroleum Corp (NYSEMKT:EPM) is a huge mover today! The stock increased 4.94% or $0.31 during the last trading session, hitting $6.59. About 290,347 shares traded hands or 196.55% up from the average. Evolution Petroleum Corp (NYSEMKT:EPM) has risen 45.37% since February 29, 2016 and is uptrending. It has outperformed by 33.15% the S&P500.
The move comes after 8 months positive chart setup for the $218.94M company. It was reported on Oct, 4 by We have $18.78 PT which if reached, will make NYSEMKT:EPM worth $405.04 million more.

Evolution Petroleum Corp (NYSEMKT:EPM) Ratings Coverage

Out of 3 analysts covering Evolution Petroleum (NYSEMKT:EPM), 2 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 67% are positive. Evolution Petroleum has been the topic of 4 analyst reports since August 18, 2015 according to StockzIntelligence Inc. The rating was downgraded by Northland Capital on Monday, November 9 to “Market Perform”. Sidoti initiated it with “Buy” rating and $9 target price in Thursday, October 15 report.

According to Zacks Investment Research, “Natural Gas Systems, Inc. is a development stage company formed to acquire and develop oil and gas fields and apply both conventional and specialized technology to accelerate production and develop incremental reserves, particularly in low permeability reservoirs amenable to lateral drilling technology.”

Insitutional Activity: The institutional sentiment decreased to 0.88 in 2016 Q2. Its down 0.07, from 0.95 in 2016Q1. The ratio dropped, as 6 funds sold all Evolution Petroleum Corp shares owned while 26 reduced positions. 5 funds bought stakes while 23 increased positions. They now own 23.53 million shares or 0.37% more from 23.45 million shares in 2016Q1.
Grandeur Peak Glob Advisors Ltd Llc holds 0.23% or 240,675 shares in its portfolio. Connors Investor Svcs Inc has invested 0.03% of its portfolio in Evolution Petroleum Corp (NYSEMKT:EPM). Parametric Limited Liability holds 0% of its portfolio in Evolution Petroleum Corp (NYSEMKT:EPM) for 232,635 shares. Tiaa Cref Investment Limited has 0% invested in the company for 82,865 shares. Bnp Paribas Arbitrage accumulated 960 shares or 0% of the stock. Renaissance Techs Llc last reported 0.01% of its portfolio in the stock. Menta Capital Lc has 0.16% invested in the company for 212,454 shares. Goldman Sachs Group owns 22,462 shares or 0% of their US portfolio. Arrowpoint Asset Mgmt Ltd owns 1.46M shares or 0.16% of their US portfolio. The Missouri-based Atwood & Palmer Inc has invested 0% in Evolution Petroleum Corp (NYSEMKT:EPM). Credit Suisse Ag reported 12,051 shares or 0% of all its holdings. Nantahala Capital Mgmt Limited accumulated 903,282 shares or 0.54% of the stock. Blackrock Institutional Trust Na accumulated 895,109 shares or 0% of the stock. Dimensional Fund Advsr L P reported 240,768 shares or 0% of all its holdings. Blackrock Gp Ltd holds 0% or 64,841 shares in its portfolio.

EPM Company Profile

Evolution Petroleum Corporation, incorporated on January 23, 2002, is an independent gas and oil company. The Firm is engaged in the acquisition, exploitation and development of properties for the production of natural gas and crude oil, onshore in the United States. The Company’s assets include interests in a carbon dioxide (CO2) enhanced oil recovery project (EOR) in Louisiana’s Delhi field. The Company’s artificial lift technology is Gas Assisted Rod Pump (GARP). The Firm tested GARP technology on marginal producing wells that it owns and operates in the Giddings Field.

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