WealthTrust Axiom LLC has recently announced that it has increased stake in Evolution Petroleum Corporation (AMEX:EPM) by 3.18%. After grabbing 1.67 million shares, the institutional investor is now in possession of 51361.0 shares of the Energy Company. The new investment brought the stake of investor firm to 4.94% having worth around $12.58 million. Moreover, The Vanguard Group, Inc. increased its share by 7800.0 to have a control over 1.26 million shares. And River Road Asset Management LLC raised its holdings to 14102.0 shares by acquiring 1.23 million shares or 3.64% of the stake.
Evolution Petroleum Corporation (EPM) concluded trading on 01/19/23 at a closing price of $6.65, with 0.21 million shares of worth about $1.41 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 10.10% during that period and on Thursday the price saw a loss of about -0.89%. Currently the company’s common shares owned by public are about 33.13M shares, out of which, 30.91M shares are available for trading.
A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 2 analysts are covering the EPM stock and their offered price forecasts bring an average price target of $10.25. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $11.00 and could fall to a lowest price of $9.50. The stock’s current price level is 35.12% above of average price target set by the analysts, while a rise to estimated low would result in gain of 30.0% for the stock. However, touching the estimated high of $11.00 would mean a gain of 39.55% for the stock.
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 14 times over the past 12 months. They bought 295,599 shares in 8 of the transactions. In 6 selling transactions, insiders dumped 288,156 shares.
Wasatch Micro Cap Value Fund, Vanguard Total Stock Market Index, and AMG River Road Small Cap Value Fu are the top 3 mutual funds which are holding stakes in Evolution Petroleum Corporation Wasatch Micro Cap Value Fund is currently holding 1.01 million shares of worth totaling $7.61 million. The company recently came selling -0.18 million shares which brought its stake up to 2.99% of the company’s outstanding shares. AMG River Road Small Cap Value Fu, after buying 0.67 million shares, have now control over 2.00% of the stake in the company. It holds 0.0 shares of worth $5.09 million.
However, the stock later moved at a day high price of 6.77, or with a loss of -0.89%. Stock saw a price change of -8.65% in past 5 days and over the past one month there was a price change of -5.41%. Year-to-date (YTD), EPM shares are showing a performance of -11.92% which increased to 17.08% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $4.81 but also hit the highest price of $8.55 during that period. The average intraday trading volume for Evolution Petroleum Corporation shares is 205.85K. The stock is currently trading -6.31% below its 20-day simple moving average (SMA20), while that difference is down -8.62% for SMA50 and it goes to -4.32% lower than SMA200.
WealthTrust Axiom LLC acquired 1.67 million shares of Evolution Petroleum Corporation having value of about $12.58 million. Data submitted at the U.S SEC by WealthTrust Axiom LLC revealed that the firm now holds 51361.0 shares in the company valued at close to $341550.65, or have control over 3.18% stake in the company. Evolution Petroleum Corporation (AMEX: EPM) currently have 33.13M outstanding shares and institutions hold larger chunk of about 62.30% of that. Holding of mutual funds in the company is about 36.82% while other institutional holders and individual stake holders have control over 38.96% and 23.91% of the stake respectively.
The stock has a current market capitalization of $236.54M and its 3Y-monthly beta is at 1.06. PE ratio of stock for trailing 12 months is 5.83, while it has posted earnings per share of $1.14 in the same period. It has Quick Ratio of 1.30 while making debt-to-equity ratio of 0.15. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for EPM, volatility over the week remained 3.60% while standing at 4.62% over the month.
Analysts are in expectations that Evolution Petroleum Corporation (EPM) stock would likely to be making an EPS of $0.36 in the current quarter, while forecast for next quarter EPS is $0.36 and it is $1.15 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.32 which is $0.4 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.16 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 298.20% while it is estimated to increase by 27.57% in next year.
Analysts at 2 brokerage firms have issued recommendations for the Evolution Petroleum Corporation (EPM)’s stock and average of those rates the stock at a “Moderate Buy” and assign it a score of 2.00. Out of those 2 Wall Street analysts, 2 recommended a “Buy” rating, while 0 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.
Coverage by Northland Capital stated Evolution Petroleum Corporation (EPM) stock as an Outperform in their note to investors on July 12, 2022, suggesting a price target of $8.60 for the stock. Stock get a Accumulate rating from Johnson Rice on March 21, 2018.