Roth Capital Reiterates Their Buy Rating on Evolution Petroleum Corp

By Jason Carr

Roth Capital analyst John M. White reiterated a Buy rating on Evolution Petroleum Corp (NYSE MKT: EPM) today and set a price target of $10.50. The company’s shares opened today at $8.10.

According to TipRanks.com, White is a 3-star analyst with an average return of 1.3% and a 48.9% success rate. White covers the Basic Materials sector, focusing on stocks such as Clayton Williams Energy, Goodrich Petroleum Corp, and Petroquest Energy Inc.

Evolution Petroleum Corp has an analyst consensus of Moderate Buy, with a price target consensus of $10.25.

Evolution Petroleum Corp’s market cap is currently $264.5M and has a P/E ratio of 10.13. The company has a book value ratio of 3.8343.

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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. It also applies its proprietary artificial lift technology for recovering incremental oil and gas from existing wells. Its other projects include operations in Giddings Field, Lopez Field, and Mississippi Lime. The company was founded by Laird Q. Cagan and Robert S. Herlin in September 2003 and is headquartered in Houston, TX.