Somewhat Favorable News Coverage Somewhat Unlikely to Impact Evolution Petroleum Corp (EPM) Stock Price
Media coverage about Evolution Petroleum Corp (NYSE:EPM) has trended somewhat positive this week, Accern reports. The research firm rates the sentiment of news coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Evolution Petroleum Corp earned a daily sentiment score of 0.10 on Accern’s scale. Accern also assigned media stories about the energy company an impact score of 46.753150277381 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Several equities research analysts recently issued reports on the stock. Roth Capital set a $11.00 target price on shares of Evolution Petroleum Corp and gave the stock a “buy” rating in a research report on Friday, October 20th. Zacks Investment Research cut shares of Evolution Petroleum Corp from a “hold” rating to a “sell” rating in a research report on Monday, September 11th. Northland Securities set a $8.00 target price on shares of Evolution Petroleum Corp and gave the stock a “hold” rating in a research report on Monday, August 28th. BidaskClub cut shares of Evolution Petroleum Corp from a “buy” rating to a “hold” rating in a research report on Tuesday, July 25th. Finally, Scotiabank set a $10.00 target price on shares of Evolution Petroleum Corp and gave the stock a “buy” rating in a research report on Saturday, July 22nd. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $9.67.
Shares of Evolution Petroleum Corp (NYSE EPM) traded up 0.72% on Tuesday, reaching $7.00. 35,700 shares of the company’s stock were exchanged. The firm’s 50 day moving average price is $7.01 and its 200-day moving average price is $7.57. The company has a market capitalization of $228.86 million and a P/E ratio of 33.98. Evolution Petroleum Corp has a 12 month low of $6.35 and a 12 month high of $10.20.
Evolution Petroleum Corp (NYSE:EPM) last released its quarterly earnings data on Wednesday, September 6th. The energy company reported $0.05 EPS for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.02). Evolution Petroleum Corp had a return on equity of 8.76% and a net margin of 16.99%. The firm had revenue of $8.84 million during the quarter, compared to analyst estimates of $9.52 million. During the same quarter in the prior year, the company posted $0.63 EPS. The company’s quarterly revenue was up 22.1% on a year-over-year basis. On average, equities analysts anticipate that Evolution Petroleum Corp will post $0.22 EPS for the current year.
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Evolution Petroleum Corp Company Profile
Evolution Petroleum Corporation is an independent oil and gas company. The Company is engaged in the acquisition, exploitation and development of properties for the production of crude oil and natural gas, onshore in the United States. Its assets include interests in a carbon dioxide (CO2) enhanced oil recovery project (EOR) in Louisiana’s Delhi field.
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