Evolution Petroleum (NYSE:EPM) Raised to “Hold” at StockNews.com

Evolution Petroleum (NYSE:EPM) was upgraded by equities research analysts at StockNews.com from a “sell” rating to a “hold” rating in a note issued to investors on Thursday.

Separately, Northland Capmk raised Evolution Petroleum to a “strong-buy” rating in a research note on Thursday, October 17th.

Evolution Petroleum Stock Down 0.5 %

EPM stock opened at $5.82 on Thursday. The firm has a market capitalization of $195.59 million, a P/E ratio of 41.57 and a beta of 0.82. The company has a 50-day moving average of $5.44. Evolution Petroleum has a 52 week low of $4.59 and a 52 week high of $6.28. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.37 and a current ratio of 1.37.

Evolution Petroleum (NYSE:EPM) last issued its earnings results on Tuesday, September 10th. The company reported $0.03 EPS for the quarter, missing the consensus estimate of $0.06 by ($0.03). The business had revenue of $21.23 million for the quarter, compared to analyst estimates of $24.44 million. Evolution Petroleum had a return on equity of 4.59% and a net margin of 5.36%. On average, analysts anticipate that Evolution Petroleum will post 0.31 EPS for the current fiscal year.

Institutional Trading of Evolution Petroleum

Several hedge funds and other institutional investors have recently made changes to their positions in EPM. CWA Asset Management Group LLC bought a new position in shares of Evolution Petroleum during the 3rd quarter worth approximately $1,136,000. Creative Planning bought a new position in shares of Evolution Petroleum during the 3rd quarter worth approximately $53,000. Exchange Traded Concepts LLC bought a new position in shares of Evolution Petroleum during the 3rd quarter worth approximately $297,000. SG Americas Securities LLC bought a new position in shares of Evolution Petroleum during the 3rd quarter worth approximately $56,000. Finally, Barclays PLC boosted its holdings in shares of Evolution Petroleum by 275.4% during the 3rd quarter. Barclays PLC now owns 45,331 shares of the company’s stock worth $242,000 after buying an additional 33,256 shares in the last quarter. 60.07% of the stock is currently owned by institutional investors.

Evolution Petroleum Company Profile

Evolution Petroleum Corporation, an energy company, engages in the development, production, ownership, and exploitation of onshore oil and gas properties in the United States. The company holds a non-operated interests in the SCOOP and STACK plays located in Central Oklahoma; the Chaveroo Field situated in Chaves and Roosevelt Counties, New Mexico; the Jonah Field located in Sublette County, Wyoming; the Williston Basin situated in Williston, North Dakota; the Barnett Shale field located in North Texas; the Hamilton Dome situated in Hot Springs County, Wyoming; and the Delhi Field, an onshore CO2-EOR project located in northeast Louisiana in Franklin, Madison, and Richland Parishes, as well as small overriding royalty interests in four onshore central Texas wells.