The stock of Evolution Petroleum Corp (NYSEMKT:EPM) is a huge mover today! About 152,987 shares traded hands. Evolution Petroleum Corp (NYSEMKT:EPM) has risen 44.27% since April 27, 2016 and is uptrending. It has outperformed by 39.04% the S&P500.
The move comes after 8 months positive chart setup for the $277.30M company. It was reported on Nov, 30 by Barchart.com. We have $9.29 PT which if reached, will make NYSEMKT:EPM worth $22.18M more.
Analysts await Evolution Petroleum Corp (NYSEMKT:EPM) to report earnings on February, 1. They expect $0.07 EPS, up 600.00% or $0.06 from last year’s $0.01 per share. EPM’s profit will be $2.26 million for 30.71 P/E if the $0.07 EPS becomes a reality. After $0.06 actual EPS reported by Evolution Petroleum Corp for the previous quarter, Wall Street now forecasts 16.67% EPS growth.
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. The rating was downgraded by Northland Capital on Thursday, October 20 to “Market Perform”. Northland Capital downgraded the shares of EPM in a report on Monday, November 9 to “Market Perform” rating. The rating was initiated by Sidoti on Thursday, October 15 with “Buy”.
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 increased, 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.
The Illinois-based North Star Mgmt has invested 0.08% in Evolution Petroleum Corp (NYSEMKT:EPM). Dimensional Fund Advsr Lp holds 240,768 shares or 0% of its portfolio. The Pennsylvania-based Wealthtrust Axiom Ltd Company has invested 1.3% in Evolution Petroleum Corp (NYSEMKT:EPM). Legal General Grp Public Ltd Company has 3,633 shares for 0% of their US portfolio. Moreover, Deutsche Natl Bank Ag has 0% invested in Evolution Petroleum Corp (NYSEMKT:EPM) for 25,164 shares. Blackrock last reported 4,981 shares in the company. The Washington-based Parametric Port Limited Liability Com has invested 0% in Evolution Petroleum Corp (NYSEMKT:EPM). The Ohio-based Strs Ohio has invested 0% in Evolution Petroleum Corp (NYSEMKT:EPM). Blackrock Japan Limited has 0% invested in the company for 2,714 shares. Allianz Asset Mgmt Ag, a Germany-based fund reported 164,669 shares. Blackrock Grp Ltd accumulated 0% or 64,841 shares. State Street Corp has 281,942 shares for 0% of their US portfolio. Moreover, Bnp Paribas Arbitrage has 0% invested in Evolution Petroleum Corp (NYSEMKT:EPM) for 960 shares. The Florida-based Raymond James & Assoc has invested 0.01% in Evolution Petroleum Corp (NYSEMKT:EPM). Woodstock holds 0.02% or 18,002 shares in its portfolio.
More news for Evolution Petroleum Corp (NYSEMKT:EPM) were recently published by: Seekingalpha.com, which released: “The Simple Math Behind Evolution Petroleum Corp.” on June 12, 2016. Seekingalpha.com‘s article titled: “Evolution Petroleum: Time To Take Profits?” and published on November 23, 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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