Zacks cut shares of Evolution Petroleum Corp. (NYSE:EPM) from a neutral rating to an underperform rating in a research note issued to investors on Wednesday, AR Network reports. The firm currently has $11.10 price target on the stock.
Zacks has also updated their ratings on a number of other energy stocks in the last week. The firm downgraded shares of Knightsbridge Tankers Limited from an outperform rating to a neutral rating. Their analysts now have a $11.90 price target on that stock. Also, Zacks upgraded shares of Golar LNG Ltd. from an underperform rating to a neutral rating. Zacks now has a $45.70 price target on that stock.
Evolution Petroleum Corp. (NYSE:EPM) traded down 1.36% on Wednesday, hitting $11.64. 78,137 shares of the company’s stock traded hands. Evolution Petroleum Corp. has a 1-year low of $9.62 and a 1-year high of $13.83. The stock has a 50-day moving average of $12.47 and a 200-day moving average of $12.46. The company has a market cap of $370.3 million and a P/E ratio of 98.33. Evolution Petroleum Corp. also was the target of a large growth in short interest during the month of April. As of April 15th, there was short interest totalling 706,088 shares, a growth of 4.6% from the March 31st total of 675,032 shares. Approximately 2.6% of the company’s shares are short sold. Based on an average daily volume of 67,514 shares, the short-interest ratio is currently 10.5 days.
Evolution Petroleum Corp. (NYSE:EPM) last issued its quarterly earnings data on Wednesday, February 5th. The company reported $0.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.05 by $0.01. On average, analysts predict that Evolution Petroleum Corp. will post $0.28 earnings per share for the current fiscal year.
Evolution Petroleum Corporation (NYSE:EPM) is a petroleum company engaged primarily in the acquisition, exploitation and development of properties for the production of crude oil and natural gas, onshore in the United States.
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