Evolution Petroleum (NYSE:EPM) Cut to Sell at StockNews.com

StockNews.com cut shares of Evolution Petroleum (NYSE:EPM) from a hold rating to a sell rating in a research note published on Friday.

Several other equities analysts have also recently weighed in on EPM. Northland Securities cut their price objective on Evolution Petroleum from $7.00 to $6.50 and set an “outperform” rating for the company in a research report on Thursday. Northland Capmk upgraded Evolution Petroleum to a “strong-buy” rating in a report on Thursday, October 17th.

Evolution Petroleum Price Performance

Shares of EPM opened at $5.13 on Friday. The company has a quick ratio of 1.69, a current ratio of 1.69 and a debt-to-equity ratio of 0.50. Evolution Petroleum has a one year low of $4.59 and a one year high of $6.28. The stock has a fifty day moving average price of $5.38. The company has a market cap of $172.37 million, a P/E ratio of 36.65 and a beta of 0.87.

Institutional Trading of Evolution Petroleum

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. SG Americas Securities LLC bought a new stake in shares of Evolution Petroleum in the third quarter valued at about $56,000. Exchange Traded Concepts LLC bought a new position in Evolution Petroleum during the third quarter valued at about $297,000. Creative Planning acquired a new position in Evolution Petroleum in the 3rd quarter valued at approximately $53,000. CWA Asset Management Group LLC bought a new stake in shares of Evolution Petroleum in the 3rd quarter worth approximately $1,136,000. Finally, Caprock Group LLC acquired a new stake in shares of Evolution Petroleum during the 3rd quarter worth approximately $71,000. 60.07% of the stock is currently owned by institutional investors and hedge funds.

About Evolution Petroleum

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.