Zacks: Evolution Petroleum Corporation, Inc. (NASDAQ:EPM) Given Consensus Rating of “Buy” by Brokerages

Evolution Petroleum Corporation, Inc. (NASDAQ:EPM) has been given an average broker rating score of 2.00 (Buy) from the two analysts that provide coverage for the stock, Zacks Investment Research reports. One analyst has rated the stock with a hold recommendation and one has issued a strong buy recommendation on the company.

Analysts have set a 1 year consensus price objective of $8.75 for the company and are predicting that the company will post $0.10 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Evolution Petroleum an industry rank of 184 out of 256 based on the ratings given to its competitors.

NASDAQ EPM traded down $0.03 during trading hours on Tuesday, reaching $6.10. The company’s stock had a trading volume of 110,534 shares, compared to its average volume of 145,595. Evolution Petroleum has a 1-year low of $5.53 and a 1-year high of $12.83. The company’s 50-day moving average is $6.24 and its two-hundred day moving average is $6.75.

Evolution Petroleum Company Profile

Evolution Petroleum Corporation, an independent oil and gas company, engages in the acquisition, exploitation, and development of properties for the production of crude oil and natural gas, onshore in the United States. The company's principal assets include interests in a CO2 enhanced oil recovery project and the natural gas liquids recovery plant in the Delhi field Louisiana.

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