Evolution Petroleum Corporation with ticker code (EPM) now have 2 analysts covering the stock with the consensus suggesting a rating of ‘Buy’. The target price ranges between 9.5 and 8.6 calculating the average target price we see 9.05. Given that the stocks previous close was at 6.66 this indicates there is a potential upside of 35.9%. The 50 day moving average now sits at 6.29 and the 200 day moving average is 6.18. The market cap for the company is $220m. You can visit the company’s website by visiting: https://www.evolutionpetroleum.com
The potential market cap would be $299m 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.
