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Evolution Petroleum Corp 21.4% Potential Upside Indicated by ROTH Capital

Evolution Petroleum Corp with TICKER NYSEMKT:EPM has had its stock rating noted as ‘Coverage Initiated’ with the recommendation being set at ‘BUY’ today by analysts at ROTH Capital. Evolution Petroleum Corp are listed in the Energy sector within NYSEMKT. ROTH Capital have set their target price at 8.5 USD on its stock. This would indicate that the analyst believes there is a potential upside of 21.4% from the opening price of 7 USD. Evolution Petroleum Corp NYSEMKT:EPM has a 50 day moving average of 6.68 USD and a 200 Day Moving Average share price is recorded at 7.83 USD. The 52 week high for the stock is 11.5 USD while the 52 week low for the share price is 5.68 USD.

 

Evolution Petroleum Corp NYSEMKT:EPM is a petroleum 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. The Company focuses on applying artificial lift technology called GARP (Gas Assisted Rod Pump) for recovering incremental oil and gas from existing wells. The Company’s projects include Delhi Field, Giddings Field, Lopez Field and Mississippi Lime. The Company’s mineral interests in the Holt Bryant Unit in the Delhi Field located in Northeast Louisiana. The Company has development activity in the Lopez Field for developing material oil reserves. The Mississippian Lime targets a limestone (carbonate) formation that extends from central Oklahoma to the west and northwest up into the northwestern corner of Kansas.

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