The stock of Evolution Petroleum Corp (NYSEMKT:EPM) hit a new 52-week high and has $17.94 target or 111.00% above today’s $8.50 share price. The 9 months bullish chart indicates low risk for the $286.09 million company. The 1-year high was reported on Nov, 21 by Barchart.com. If the $17.94 price target is reached, the company will be worth $317.56 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 261,056 shares traded hands or 13.89% up from the average. Evolution Petroleum Corp (NYSEMKT:EPM) has risen 51.10% since April 19, 2016 and is uptrending. It has outperformed by 47.24% the S&P500.
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. Northland Capital downgraded the stock to “Market Perform” rating in Thursday, October 20 report. The rating was initiated by Sidoti with “Buy” on Thursday, October 15. The rating was downgraded by Northland Capital on Monday, November 9 to “Market Perform”.
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 increased to 1.34 in Q2 2016. Its up 0.46, from 0.88 in 2016Q1. The ratio improved, 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.
Moreover, Nantahala Mgmt Ltd Liability Corporation has 0.54% invested in Evolution Petroleum Corp (NYSEMKT:EPM) for 903,282 shares. The North Carolina-based Financial Bank Of America De has invested 0% in Evolution Petroleum Corp (NYSEMKT:EPM). Goldman Sachs Inc has 22,462 shares for 0% of their US portfolio. Moreover, State Street has 0% invested in Evolution Petroleum Corp (NYSEMKT:EPM) for 281,942 shares. Morgan Stanley owns 150,221 shares or 0% of their US portfolio. Comml Bank Of Montreal Can accumulated 0% or 3,385 shares. Blackrock reported 4,981 shares or 0% of all its holdings. Tiaa Cref Investment Management Lc has invested 0% of its portfolio in Evolution Petroleum Corp (NYSEMKT:EPM). Vanguard Gp Inc last reported 0% of its portfolio in the stock. Numeric Invsts Limited Company reported 18,902 shares or 0% of all its holdings. Moreover, Bridgeway Cap Mgmt has 0.02% invested in Evolution Petroleum Corp (NYSEMKT:EPM) for 258,723 shares. Blackrock Institutional Tru Na, a California-based fund reported 895,109 shares. Northern Tru owns 303,957 shares or 0% of their US portfolio. Menta Ltd Company reported 212,454 shares or 0.16% of all its holdings. Moreover, Gsa Cap Partners Llp has 0.01% invested in Evolution Petroleum Corp (NYSEMKT:EPM) for 37,697 shares.
Another recent and important Evolution Petroleum Corp (NYSEMKT:EPM) news was published by Seekingalpha.com which published an article titled: “Trouble In Evolution Petroleum Paradise” on November 16, 2016.
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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