Northland Securities Reiterates Their Hold Rating on Evolution Petroleum Corp

By Ryan Adsit

Northland Securities analyst Jeff Grampp reiterated a Hold rating on Evolution Petroleum Corp (NYSE MKT: EPM) yesterday and set a price target of $8. The company’s shares opened today at $7.25.

According to TipRanks.com, Grampp is ranked 0 out of 5 stars with an average return of -14.0% and a 23.0% success rate. Grampp covers the Basic Materials sector, focusing on stocks such as Sanchez Energy Corporation, Penn Virginia Corporation, and Goodrich Petroleum Corp.

Evolution Petroleum Corp has an analyst consensus of Moderate Buy, with a price target consensus of $9.50.

The company has a one year high of $10.20 and a one year low of $5.59. Currently, Evolution Petroleum Corp has an average volume of 84.96K.

Based on the recent corporate insider activity of 21 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of EPM in relation to earlier this year.

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Evolution Petroleum Corp. engages in the acquisition, exploitation and development of properties for the production of crude oil and natural gas. The company also applies its proprietary artificial lift technology for recovering incremental oil and gas from existing wells.