Evolution Petroleum Corp (NYSEAMERICAN: EPM) stock closed at $5.39 on 9/11/24 after a major increase of 16.2%. Moreover, this advance was accompanied by exceptionally high trading volume at 426% of normal. The stock has risen 7.8% 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 be above the cost of capital, EPM is expected to continue to be a Value Builder.
Evolution Petroleum has a current Value Trend Rating of F (Lowest Rating). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing consistent signals. Evolution Petroleum has a slightly negative Appreciation Score of 38 and a poor Power Rating of 18, leading to the Lowest Value Trend Rating.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of F. This review will be completed in the next several days.
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