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Evolution Petroleum Corporation (AMEX:EPM) 24.4% Above Its 52-Week Low, How Long Will It Keep Rising?

In last trading session, Evolution Petroleum Corporation (AMEX:EPM) saw 1.55 million shares changing hands with its beta currently measuring 1.02. Company’s recent per share price level of $7.13 trading at $0.21 or 3.03% at ring of the bell on the day assigns it a market valuation of $232.94M. That closing price of EPM’s stock is at a discount of -41.8% from its 52-week high price of $10.11 and is indicating a premium of 24.4% from its 52-week low price of $5.39. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 1.01 million shares which gives us an average trading volume of 579.33K if we extend that period to 3-months.

For Evolution Petroleum Corporation (EPM), analysts’ consensus is at an average recommendation of a Buy while assigning it a mean rating of 2.00. Splitting up the data highlights that, out of 2 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 0 suggested the stock as a Hold whereas 2 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of $0.04 in the current quarter.

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Evolution Petroleum Corporation (AMEX:EPM) trade information

Upright in the green during last session for gaining 3.03%, in the last five days EPM remained trading in the red while hitting it’s week-highest on Monday, 09/11/23 when the stock touched $7.13 price level, adding 23.66% to its value on the day. Evolution Petroleum Corporation’s shares saw a change of -5.56% in year-to-date performance and have moved -19.62% in past 5-day. Evolution Petroleum Corporation (AMEX:EPM) showed a performance of -25.81% in past 30-days. Number of shares sold short was 1.6 million shares which calculate 4.04 days to cover the short interests.

Wall Street analysts have assigned a consensus price target of $10.25 to the stock, which implies a rise of 30.44% to its current value. Analysts have been projecting $9.50 as a low price target for the stock while placing it at a high target of $11.00. It follows that stock’s current price would drop -54.28% in reaching the projected high whereas dropping to the targeted low would mean a loss of -33.24% for stock’s current value.

Evolution Petroleum Corporation (EPM) estimates and forecasts

Statistics highlight that Evolution Petroleum Corporation is scoring comparatively lower than the scores of other players of the relevant industry. The company added 26.19% of value to its shares in past 6 months, showing an annual growth rate of -44.55% while that of industry is -31.00. Apart from that, the company came lowering its revenue forecast for fiscal year 2023. The company is estimating its revenue growth to decrease by -87.50% in the current quarter and calculating -58.10% decrease in the next quarter. This year revenue growth is estimated to fall -24.20% from the last financial year’s standing.

2 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $22.05 million for the same. And 2 analysts are in estimates of company making revenue of $25.35 million in the next quarter that will end on Dec 2023.

Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 36.70% during past 5 years.

EPM Dividends

Evolution Petroleum Corporation is more likely to be releasing its next quarterly report between November 06 and November 10 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.

Evolution Petroleum Corporation (AMEX:EPM)’s Major holders

Insiders are in possession of 8.76% of company’s total shares while institution are holding 57.04 percent of that, with stock having share float percentage of 62.52%. Investors also watch the number of corporate investors in a company very closely, which is 57.04% institutions for Evolution Petroleum Corporation that are currently holding shares of the company. Blackrock Inc. is the top institutional holder at EPM for having 2.79 million shares of worth $19.9 million. And as of Jun 29, 2023, it was holding 8.39% of the company’s outstanding shares.

The second largest institutional holder is Wealthtrust Axiom, LLC, which was holding about 1.65 million shares on Jun 29, 2023. The number of shares represents firm’s hold over 4.97% of outstanding shares, having a total worth of $11.79 million.

On the other hand, Vanguard Total Stock Market Index Fund and AMG Managers River Road Small Cap Value Fund are the top two Mutual Funds which own company’s shares. As of Jun 29, 2023, the former fund manager was holding 0.85 million shares of worth $6.05 million or 2.55% of the total outstanding shares. The later fund manager was in possession of 0.7 million shares on Apr 29, 2023, making its stake of worth around $5.02 million in the company or a holder of 2.12% of company’s stock.

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