Evolution Petroleum (NYSE:EPM) Price Target Cut to $6.50 by Analysts at Northland Securities

Evolution Petroleum (NYSE:EPM) had its price target reduced by investment analysts at Northland Securities from $7.00 to $6.50 in a note issued to investors on Thursday,Benzinga reports. The firm presently has an “outperform” rating on the stock. Northland Securities’ price objective suggests a potential upside of 26.71% from the stock’s previous close.

Other equities analysts have also recently issued research reports about the stock. StockNews.com raised shares of Evolution Petroleum from a “sell” rating to a “hold” rating in a research report on Wednesday, November 27th. Northland Capmk raised shares of Evolution Petroleum to a “strong-buy” rating in a research report on Thursday, October 17th.

Evolution Petroleum Price Performance

Shares of EPM opened at $5.13 on Thursday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.69 and a current ratio of 1.69. The company has a 50-day moving average price of $5.40. The firm has a market cap of $172.37 million, a P/E ratio of 36.65 and a beta of 0.87. Evolution Petroleum has a one year low of $4.59 and a one year high of $6.28.

Hedge Funds Weigh In On Evolution Petroleum

Several hedge funds have recently modified their holdings of the company. Creative Planning bought a new stake in shares of Evolution Petroleum in the 3rd quarter worth approximately $53,000. CWA Asset Management Group LLC bought a new stake in shares of Evolution Petroleum in the 3rd quarter worth approximately $1,136,000. Exchange Traded Concepts LLC bought a new stake in shares of Evolution Petroleum in the 3rd quarter worth approximately $297,000. XTX Topco Ltd bought a new stake in shares of Evolution Petroleum in the 3rd quarter worth approximately $112,000. Finally, Barclays PLC raised its holdings in shares of Evolution Petroleum by 275.4% in the 3rd quarter. Barclays PLC now owns 45,331 shares of the company’s stock worth $242,000 after purchasing an additional 33,256 shares during the period. Institutional investors own 60.07% of the company’s stock.

Evolution Petroleum Company Profile

Evolution Petroleum Corporation, an energy company, engages in the development, production, ownership, and exploitation of onshore oil and gas properties in the United States. The company holds a non-operated interests in the SCOOP and STACK plays located in Central Oklahoma; the Chaveroo Field situated in Chaves and Roosevelt Counties, New Mexico; the Jonah Field located in Sublette County, Wyoming; the Williston Basin situated in Williston, North Dakota; the Barnett Shale field located in North Texas; the Hamilton Dome situated in Hot Springs County, Wyoming; and the Delhi Field, an onshore CO2-EOR project located in northeast Louisiana in Franklin, Madison, and Richland Parishes, as well as small overriding royalty interests in four onshore central Texas wells.