Institutional Exposure To Evolution Petroleum Corporation (EPM)

BlackRock Fund Advisors has recently announced that it has increased stake in Evolution Petroleum Corporation (AMEX:EPM) by 218.69%. After grabbing 2.33 million shares, the institutional investor is now in possession of 1.6 million shares of the Energy Company. The new investment brought the stake of investor firm to 6.99% having worth around $21.72 million. Moreover, The Vanguard Group, Inc. increased its share by 0.19 million to have a control over 1.49 million shares. And Dimensional Fund Advisors LP raised its holdings to 91405.0 shares by acquiring 1.22 million shares or 3.68% of the stake.

Evolution Petroleum Corporation (EPM) concluded trading on 09/13/23 at a closing price of $7.00, with 5.32 million shares of worth about $37.25 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 15.70% during that period and on Wednesday the price saw a loss of about -20.90%. Currently the company’s common shares owned by public are about 33.01M shares, out of which, 30.35M shares are available for trading.

A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 2 analysts are covering the EPM stock and their offered price forecasts bring an average price target of $10.25. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $11.00 and could fall to a lowest price of $9.50. The stock’s current price level is 31.71% above of average price target set by the analysts, while a rise to estimated low would result in gain of 26.32% for the stock. However, touching the estimated high of $11.00 would mean a gain of 36.36% for the stock.

According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 12 times over the past 12 months. They bought 295,599 shares in 8 of the transactions. In 4 selling transactions, insiders dumped 30,890 shares.

Vanguard Total Stock Market ETF, AMG River Road Small Cap Value Fu, and iShares Russell 2000 ETF are the top 3 mutual funds which are holding stakes in Evolution Petroleum Corporation Vanguard Total Stock Market ETF is currently holding 0.85 million shares of worth totaling $7.93 million. The company recently came buying 0.0 shares which brought its stake up to 2.55% of the company’s outstanding shares. iShares Russell 2000 ETF, after buying 0.67 million shares, have now control over 2.03% of the stake in the company. It holds 3510.0 shares of worth $6.3 million.

Evolution Petroleum Corporation (AMEX: EPM) started trading at $7.86, below -$0.99 from concluding price of the previous day. However, the stock later moved at a day high price of 7.96, or with a loss of -20.90%. Stock saw a price change of -21.08% in past 5 days and over the past one month there was a price change of -28.35%. Over the period of past 52 weeks, stock dropped to lowest price of $5.39 but also hit the highest price of $10.11 during that period. The average intraday trading volume for Evolution Petroleum Corporation shares is 480.88K. The stock is currently trading -22.45% below its 20-day simple moving average (SMA20), while that difference is down -21.17% for SMA50 and it goes to -5.69% lower than SMA200.

BlackRock Fund Advisors acquired 2.33 million shares of Evolution Petroleum Corporation having value of about $21.72 million. Data submitted at the U.S SEC by BlackRock Fund Advisors revealed that the firm now holds 1.6 million shares in the company valued at close to $11169662.0, or have control over 218.69% stake in the company. Evolution Petroleum Corporation (AMEX: EPM) currently have 33.01M outstanding shares and institutions hold larger chunk of about 62.30% of that. Holding of mutual funds in the company is about 35.54% while other institutional holders and individual stake holders have control over 40.28% and 26.49% of the stake respectively.

The stock has a current market capitalization of $228.69M and its 3Y-monthly beta is at 1.01. PE ratio of stock for trailing 12 months is 4.67, while it has posted earnings per share of $1.50 in the same period. It has Quick Ratio of 1.50 while making debt-to-equity ratio of 0.00. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for EPM, volatility over the week remained 9.11% while standing at 4.75% over the month.

Analysts are in expectations that Evolution Petroleum Corporation (EPM) stock would likely to be making an EPS of $0.1 in the current quarter, while forecast for next quarter EPS is $0.16 and it is $0 for next year. For the current quarter EPS, analysts have given the company a lowest target -$0.01 which is $0.21 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.32 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 298.20% while it is estimated to decrease by -2.70% in next year.

Analysts at 2 brokerage firms have issued recommendations for the Evolution Petroleum Corporation (EPM)’s stock and average of those rates the stock at a “Moderate Buy” and assign it a score of 2.00. Out of those 2 Wall Street analysts, 2 recommended a “Buy” rating, while 0 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.