Alert: Rating Downgrade (12/1/23)-Evolution Petroleum Corp (NYSEAMERICAN: EPM).


Stock Rating Downgrade

In recent days the Value Trend Rating for Evolution Petroleum Corp (NYSEAMERICAN: EPM) weakened from B to C reflecting eroding fundamentals and low Appreciation Potential.


Recent Price Action

Evolution Petroleum Corp (NYSEAMERICAN: EPM) stock increased 1.2% on 12/1/23. The shares closed at $6.00. Trading volume in this advance was normal. The stock has been strong relative to the market over the last nine months and has risen 3.1% during the last week.

Current PriceTarget Research Rating

EPM is expected to continue to be a modest Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.

Evolution Petroleum has a current Value Trend Rating of C (Neutral). The Value Trend Rating reflects consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Evolution Petroleum has a neutral Appreciation Score of 44 and a slightly positive Power Rating of 61, and the Neutral Value Trend Rating results.

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