The stock of Evolution Petroleum Corp (NYSEMKT:EPM) is a huge mover today! The stock decreased 3.57% or $0.3 during the last trading session, hitting $8.1. About 157,282 shares traded hands. Evolution Petroleum Corp (NYSEMKT:EPM) has risen 54.98% since April 14, 2016 and is uptrending. It has outperformed by 50.30% the S&P500.
The move comes after 9 months negative chart setup for the $277.58 million company. It was reported on Nov, 16 by Barchart.com. We have $7.29 PT which if reached, will make NYSEMKT:EPM worth $27.76M less.
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 5 analyst reports since August 18, 2015 according to StockzIntelligence Inc. As per Thursday, October 15, the company rating was initiated by Sidoti. Northland Capital downgraded the stock to “Market Perform” rating in Thursday, October 20 report. Northland Capital downgraded it to “Market Perform” rating and $7.0 target price in Monday, November 9 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 Q2 2016. Its down 0.07, from 0.95 in 2016Q1. The ratio turned negative, 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.
California Employees Retirement last reported 0% of its portfolio in the stock. National Bank & Trust Of America Corporation De last reported 3,154 shares in the company. Raymond James And reported 335,083 shares or 0.01% of all its holdings. Menta Capital Limited Liability Company last reported 212,454 shares in the company. Blackrock Institutional Trust Co Na holds 0% or 895,109 shares in its portfolio. Ameriprise last reported 0% of its portfolio in the stock. Teachers Advsrs holds 0% or 36,621 shares in its portfolio. Fmr Limited Liability Company has 0% invested in the company for 295,100 shares. Legal And General Gp Public Limited accumulated 3,633 shares or 0% of the stock. Rhumbline Advisers has 0% invested in the company for 32,465 shares. Tiaa Cref Investment Ltd Liability Com owns 82,865 shares or 0% of their US portfolio. Blackrock Invest Mngmt Ltd Liability Com accumulated 0% or 88,576 shares. Royal Natl Bank Of Canada has invested 0% of its portfolio in Evolution Petroleum Corp (NYSEMKT:EPM). Invesco Ltd holds 63,180 shares or 0% of its portfolio. Dimensional Fund Lp reported 240,768 shares or 0% of all its holdings.
More news for Evolution Petroleum Corp (NYSEMKT:EPM) were recently published by: Seekingalpha.com, which released: “Trouble In Evolution Petroleum Paradise” on November 16, 2016. Streetinsider.com‘s article titled: “Form 4 EVOLUTION PETROLEUM CORP For: Nov 14 Filed by: Herlin Robert S” and published on November 15, 2016 is yet another important article.
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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