Northland Securities analyst Jeff Grampp maintained a Hold rating on Evolution Petroleum Corp (EPM) on March 17 and set a price target of $8. The company’s shares closed yesterday at $7.15, close to its 52-week low of $6.17.
According to TipRanks.com, Grampp is currently ranked with no stars on a 0-5 star ranking scale, with an average return of -10.1% and a 35.3% success rate. Grampp covers the Basic Materials sector, focusing on stocks such as Sundance Energy Australia, Goodrich Petroleum Corp, and Lonestar Resources US.
Evolution Petroleum Corp has an analyst consensus of Moderate Buy, with a price target consensus of $10.
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Evolution Petroleum Corp’s market cap is currently $237.3M and has a P/E ratio of 13.77. The company has a Price to Book ratio of 2.94.
Based on the recent corporate insider activity of 36 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of EPM in relation to earlier this year.
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Evolution Petroleum Corp. engages in the acquisition, exploitation, and development of properties for the production of crude oil and natural gas. It holds interests in the Carbon Dioxide enhanced oil recovery project in Louisiana’s Delhi Field. The company was founded by Robert S. Herlin in September 2003 and is headquartered in Houston, TX.
