Evolution Petroleum (NYSEAMERICAN:EPM) Lowered to “Strong Sell” Rating by Zacks Research

Evolution Petroleum (NYSEAMERICAN:EPM) was downgraded by investment analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a note issued to investors on Monday,Zacks.com reports.

A number of other research firms also recently issued reports on EPM. Northland Securities set a $4.50 target price on shares of Evolution Petroleum in a report on Wednesday, May 13th. Freedom Capital downgraded shares of Evolution Petroleum from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 20th. One analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Evolution Petroleum has a consensus rating of “Hold” and a consensus price target of $4.93.

Evolution Petroleum Trading Up 0.5%

NYSEAMERICAN EPM opened at $3.85 on Monday. Evolution Petroleum has a 12 month low of $3.19 and a 12 month high of $5.70. The company has a 50-day moving average of $4.15 and a 200-day moving average of $4.18. The company has a debt-to-equity ratio of 0.97, a current ratio of 0.61 and a quick ratio of 0.61. The company has a market cap of $138.10 million, a P/E ratio of -35.00 and a beta of 0.23.

Institutional Trading of Evolution Petroleum

A number of institutional investors and hedge funds have recently bought and sold shares of EPM. WealthTrust Axiom LLC increased its position in shares of Evolution Petroleum by 9.4% in the fourth quarter. WealthTrust Axiom LLC now owns 1,948,657 shares of the energy company’s stock worth $6,898,000 after acquiring an additional 166,624 shares in the last quarter. Arrowstreet Capital Limited Partnership purchased a new position in shares of Evolution Petroleum in the 1st quarter valued at $75,000. Dimensional Fund Advisors LP lifted its holdings in shares of Evolution Petroleum by 2.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,453,218 shares of the energy company’s stock valued at $6,656,000 after acquiring an additional 32,641 shares in the last quarter. Castleview Partners LLC lifted its holdings in shares of Evolution Petroleum by 21.7% during the 1st quarter. Castleview Partners LLC now owns 95,300 shares of the energy company’s stock valued at $436,000 after acquiring an additional 17,000 shares in the last quarter. Finally, Kathmere Capital Management LLC purchased a new stake in Evolution Petroleum during the 1st quarter worth $51,000. Institutional investors and hedge funds own 60.07% of the company’s stock.

Evolution Petroleum Company Profile

Evolution Petroleum Corporation (NYSE American: EPM) is an independent oil and natural gas company focused on enhanced oil recovery (EOR) through the use of carbon dioxide. Headquartered in Houston, Texas, the company specializes in acquiring and developing mature hydrocarbon reservoirs that benefit from CO? injection to increase production efficiency. Evolution Petroleum’s business model combines property acquisition, reservoir engineering, and CO? management to optimize recovery of oil and associated gas.

The company’s primary asset is the Jackson Dome CO? field in southwestern Mississippi, where natural carbon dioxide is produced, separated and reinjected into adjacent oil-bearing formations.