Alert: Rating Upgrade (12/22/23)-Evolution Petroleum Corp (NYSEAMERICAN: EPM).


Stock Rating Upgrade

Reflecting improving fundamentals and high Appreciation Potential, the Value Trend Rating for Evolution Petroleum Corp (NYSEAMERICAN: EPM) improved during the last several trading days. EPM’s current Value Trend Rating is C and the prior Rating was D. Details supporting this higher rating are included in our next report.


Recent Price Action

Evolution Petroleum Corp (NYSEAMERICAN: EPM) stock closed at $5.93 on 12/22/23 after a slight gain of 0.2%. However, this advance was accompanied by below average trading volume at 80% of normal. The stock is unchanged during the last week but has been weak relative to the market over the last nine months.

Current PriceTarget Research Rating

Reflecting future returns on capital that are forecasted to exceed the cost of capital, EPM is expected to continue to be an important Value Builder.

Evolution Petroleum has a current Value Trend Rating of C (Neutral). This VT Rating improved in recent days from D previously. With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. Evolution Petroleum has a good Appreciation Score of 78 but a poor Power Rating of 28, producing the Neutral Value Trend Rating.

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