Evolution Petroleum (NYSE:EPM) Upgraded to Hold at StockNews.com

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

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

Evolution Petroleum Trading Up 0.9 %

EPM traded up $0.05 during trading hours on Wednesday, hitting $5.79. 94,830 shares of the company’s stock were exchanged, compared to its average volume of 289,940. Evolution Petroleum has a 12-month low of $4.59 and a 12-month high of $6.28. The stock’s 50 day moving average price is $5.50. The stock has a market cap of $194.54 million, a price-to-earnings ratio of 41.36 and a beta of 0.82. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.69 and a current ratio of 1.69.

Evolution Petroleum (NYSE:EPM) last announced its earnings results on Tuesday, September 10th. The company reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.06 by ($0.03). Evolution Petroleum had a return on equity of 4.65% and a net margin of 5.36%. The business had revenue of $21.23 million for the quarter, compared to analysts’ expectations of $24.44 million. As a group, research analysts expect that Evolution Petroleum will post 0.28 EPS for the current fiscal year.

Institutional Trading of Evolution Petroleum

Large investors have recently bought and sold shares of the business. Creative Planning acquired a new stake in Evolution Petroleum during the 3rd quarter worth $53,000. CWA Asset Management Group LLC acquired a new stake in Evolution Petroleum during the 3rd quarter worth $1,136,000. Exchange Traded Concepts LLC acquired a new stake in Evolution Petroleum during the 3rd quarter worth $297,000. SG Americas Securities LLC acquired a new stake in Evolution Petroleum during the 3rd quarter worth $56,000. Finally, Caprock Group LLC acquired a new stake in Evolution Petroleum during the 3rd quarter worth $71,000. Institutional investors and hedge funds own 60.07% of the company’s stock.

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.