Evolution Petroleum (NYSEAMERICAN:EPM) Upgraded to “Sell” by StockNews.com

StockNews.com upgraded shares of Evolution Petroleum (NYSEAMERICAN:EPM) to a sell rating in a research report released on Wednesday morning.

Evolution Petroleum Trading Up 16.2 %

Shares of Evolution Petroleum stock opened at $5.39 on Wednesday. Evolution Petroleum has a 52 week low of $4.59 and a 52 week high of $9.25. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 0.51. The stock has a market capitalization of $179.81 million, a price-to-earnings ratio of 47.30 and a beta of 0.82.

Evolution Petroleum (NYSEAMERICAN:EPM) last announced its quarterly earnings data on Tuesday, September 10th. The energy company reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by ($0.03). Evolution Petroleum had a return on equity of 4.19% and a net margin of 3.64%. The business had revenue of $21.23 million during the quarter, compared to analyst estimates of $24.44 million. As a group, analysts expect that Evolution Petroleum will post 0.14 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Evolution Petroleum

A number of institutional investors and hedge funds have recently modified their holdings of EPM. SpiderRock Advisors LLC purchased a new position in shares of Evolution Petroleum in the first quarter worth approximately $71,000. Principal Financial Group Inc. purchased a new position in Evolution Petroleum during the 1st quarter worth approximately $95,000. Sanctuary Advisors LLC acquired a new stake in Evolution Petroleum during the 2nd quarter valued at $179,000. Rhumbline Advisers raised its stake in Evolution Petroleum by 10.0% during the 2nd quarter. Rhumbline Advisers now owns 47,523 shares of the energy company’s stock valued at $250,000 after purchasing an additional 4,310 shares during the period. Finally, Connors Investor Services Inc. lifted its holdings in shares of Evolution Petroleum by 19.9% in the first quarter. Connors Investor Services Inc. now owns 48,300 shares of the energy company’s stock valued at $297,000 after purchasing an additional 8,000 shares in the last quarter. Institutional investors and hedge funds own 60.07% of the company’s stock.

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 interests in a CO2 enhanced oil recovery project in Louisiana's Delhi field. Its Delhi Holt-Bryant Unit covers an area of approximately 13,636 acres located in Northeast Louisiana.