Evolution Petroleum Corporation with ticker code (EPM) have now 2 analysts covering the stock. The analyst consensus points to a rating of ‘Buy’. The target price ranges between 9.5 and 8.6 with a mean TP of 9.05. With the stocks previous close at 7 this indicates there is a potential upside of 29.3%. The 50 day MA is 6.37 and the 200 moving average now moves to 6.32. The company has a market capitalisation of $229m. Company Website: https://www.evolutionpetroleum.com
The potential market cap would be $296m based on the market concensus.
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. The company also holds interests in the Hamilton Dome field covering 5,908 acres located in Wyoming; and Barnett Shale field covering an area of 123,777 acres located in North Texas. Evolution Petroleum Corporation was founded in 2003 and is based in Houston, Texas.
