Stock On Watch: What’s in Evolution Petroleum Corp After Reaching 52-Week High?

Stock On Watch: What's in Evolution Petroleum Corp After Reaching 52 Week High?

The stock of Evolution Petroleum Corp (NYSEMKT:EPM) hit a new 52-week high and has $9.62 target or 4.00% above today’s $9.25 share price. The 9 months bullish chart indicates low risk for the $320.86M company. The 1-year high was reported on Dec, 1 by Barchart.com. If the $9.62 price target is reached, the company will be worth $12.83 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 160,104 shares traded hands. Evolution Petroleum Corp (NYSEMKT:EPM) has risen 54.20% since April 28, 2016 and is uptrending. It has outperformed by 48.27% the S&P500.

Analysts await Evolution Petroleum Corp (NYSEMKT:EPM) to report earnings on February, 1. They expect $0.07 earnings per share, up 600.00% or $0.06 from last year’s $0.01 per share. EPM’s profit will be $2.43M for 33.04 P/E if the $0.07 EPS becomes a reality. After $0.06 actual earnings per share 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. Northland Capital downgraded it to “Market Perform” rating and $7.0 target price in Monday, November 9 report. Sidoti initiated the stock with “Buy” rating in Thursday, October 15 report. The firm has “Market Perform” rating given on Thursday, October 20 by Northland Capital.

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.
Thomson Horstmann Bryant holds 0.74% or 1.05M shares in its portfolio. Atwood & Palmer Inc holds 0% of its portfolio in Evolution Petroleum Corp (NYSEMKT:EPM) for 5,000 shares. Blackrock Advisors Limited Liability holds 0% of its portfolio in Evolution Petroleum Corp (NYSEMKT:EPM) for 156,031 shares. Wells Fargo Co Mn has 0% invested in the company for 5,756 shares. Grandeur Peak Advsr Limited Liability Co has 0.23% invested in the company for 240,675 shares. The Georgia-based Invesco Ltd has invested 0% in Evolution Petroleum Corp (NYSEMKT:EPM). Blackrock Japan Communications Ltd last reported 2,714 shares in the company. Woodstock accumulated 0.02% or 18,002 shares. Hilltop Holdg has invested 0.13% of its portfolio in Evolution Petroleum Corp (NYSEMKT:EPM). Morgan Stanley owns 150,221 shares or 0% of their US portfolio. Credit Suisse Ag last reported 12,051 shares in the company. Blackrock Fund Advsr, a California-based fund reported 634,550 shares. Vanguard Grp Inc Inc has invested 0% of its portfolio in Evolution Petroleum Corp (NYSEMKT:EPM). Blackrock Institutional Tru Company Na last reported 0% of its portfolio in the stock. Wealthtrust Axiom Ltd Liability Com has invested 1.3% of its portfolio in Evolution Petroleum Corp (NYSEMKT:EPM).

Another recent and important Evolution Petroleum Corp (NYSEMKT:EPM) news was published by Seekingalpha.com which published an article titled: “The Simple Math Behind Evolution Petroleum Corp.” on June 12, 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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