Evolution Petroleum Co. (NYSE:EPM – Get Rating) shares fell 1.2% during trading on Thursday . The stock traded as low as $7.82 and last traded at $8.01. 402,703 shares were traded during mid-day trading, an increase of 89% from the average session volume of 213,514 shares. The stock had previously closed at $8.11.
Wall Street Analysts Forecast Growth
Several brokerages recently commented on EPM. Roth Capital lowered Evolution Petroleum from a "buy" rating to a "neutral" rating and set a $9.50 price objective for the company. in a report on Wednesday, July 6th. Northland Securities began coverage on Evolution Petroleum in a report on Tuesday, July 12th. They issued an "outperform" rating and a $8.60 price objective for the company.
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The company has a market capitalization of $270.27 million, a PE ratio of 8.26 and a beta of 1.17. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.92 and a quick ratio of 1.92. The company has a 50-day moving average of $6.55 and a two-hundred day moving average of $6.69.
About Evolution Petroleum
(Get Rating)Evolution Petroleum Corporation, an oil and natural gas company, engages in the development, production, ownership, and management of oil and gas properties in the United States. The company holds interests in a CO2 enhanced oil recovery project in Louisiana's Delhi field. Its Delhi Holt-Bryant Unit covers an area of 13,636 acres located in Northeast Louisiana.
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