A statement released today by Howard Weil about Evolution Petroleum Corp (NYSE:EPM) raises the target price to $10.00
- Updated: October 10, 2016
Evolution Petroleum Corp (NYSE:EPM) had its price target upped to $10.00 by Howard Weil in a report released 10/10/2016. The new stock price target implies a possible upside of 0.35% based on the company's most recent close.
On Tuesday September 13, 2016, Zacks Investment Research released a statement on Evolution Petroleum Corp (NYSE:EPM) upped the target price from $0.00 to $6.75 that suggested an upside of 0.15%.
Having a price of $7.40, Evolution Petroleum Corp (NYSE:EPM) traded 5.68% higher on the day. With the last close up 40.28% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. Evolution Petroleum Corp has recorded a 50-day average of $6.15 and a two hundred day average of $5.57. Volume of trade was down over the average, with 22,482 shares of EPM changing hands under the typical 80,645
With a total market value of $0, Evolution Petroleum Corp has price-earnings ratio of 10.71 with a one year low of $3.60 and a one year high of $7.95 .
General Company Details For Evolution Petroleum Corp (NYSE: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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