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

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

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

Evolution Petroleum Price Performance

Shares of EPM stock traded up $0.05 during mid-day trading on Wednesday, hitting $5.79. The stock had a trading volume of 94,830 shares, compared to its average volume of 289,940. Evolution Petroleum has a fifty-two week low of $4.59 and a fifty-two week high of $6.28. The firm 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 current ratio of 1.69, a quick ratio of 1.69 and a debt-to-equity ratio of 0.50. The company has a 50-day simple moving average of $5.50.

Evolution Petroleum (NYSE:EPM) last released 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). Evolution Petroleum had a return on equity of 4.65% and a net margin of 5.36%. The firm had revenue of $21.23 million during the quarter, compared to analyst estimates of $24.44 million. On average, analysts expect that Evolution Petroleum will post 0.28 EPS for the current year.

Hedge Funds Weigh In On Evolution Petroleum

A number of large investors have recently made changes to their positions in EPM. Creative Planning purchased a new position in shares of Evolution Petroleum in the 3rd quarter valued at about $53,000. SG Americas Securities LLC purchased a new position in Evolution Petroleum during the 3rd quarter valued at about $56,000. Wellington Management Group LLP purchased a new position in Evolution Petroleum during the 3rd quarter valued at about $63,000. Caprock Group LLC purchased a new position in Evolution Petroleum during the 3rd quarter valued at about $71,000. Finally, Dynamic Technology Lab Private Ltd purchased a new position in Evolution Petroleum during the 3rd quarter valued at about $105,000. Hedge funds and other institutional investors 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.