A report released today by Scotia Howard Weil about Evolution Petroleum (MKT:EPM) ups the target price to $10.00
- Updated: October 9, 2016
Displaying a price of $7.40, Evolution Petroleum (MKT:EPM) traded 5.68% higher on the day. The last closing price is up 40.28% from the two hundred day average, compared with the Standard & Poor's 500 Index which has decreased -0.01% over the same period. EPM has recorded a 50-day average of $6.15 and a 200-day moving average of $5.57. 22,482 shares of the stock were exchanged, down from an avg. volume of 80,645
Reporting a possible upside of 0.35%, Scotia Howard Weil bumped up the target of Evolution Petroleum (MKT:EPM) to $10.00
Recent Performance Chart
With a total market value of $0, Evolution Petroleum has price-earnings ratio of 10.71 with a one year low of $3.60 and a 52 week high of $7.95 .
General Company Details For Evolution Petroleum (MKT:EPM)
Evolution Petroleum Corporation is an independent oil and gas company. The Company is engaged in the acquisition, exploitation and development of properties for the production of crude oil and natural gas, onshore in the United States. Its assets include interests in a carbon dioxide (CO2) enhanced oil recovery project (EOR) in Louisiana's Delhi field. Its artificial lift technology is Gas Assisted Rod Pump (GARP). The Company tested GARP technology on marginal producing wells that it owns and operates in the Giddings Field. Its mineral interests include Delhi Holt-Bryant Unit in the Delhi field (Unit) located in Northeast Louisiana. As of June 30, 2016, the Unit was approximately 13,636 acres in size. As of June 30, 2016, the Unit produced approximately 195 million barrels of oil through primary and limited secondary recovery operations. As of June 30, 2016, the Unit had produced over 11 million barrels of oil. The Unit is producing as an EOR project utilizing CO2 flood technology.
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