StockNews.com Upgrades Evolution Petroleum (NYSE:EPM) to “Hold”

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

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

Evolution Petroleum Stock Performance

Shares of EPM stock opened at $5.82 on Thursday. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.49. The firm has a market cap of $195.59 million, a P/E ratio of 41.57 and a beta of 0.82. The business’s 50 day moving average is $5.44. Evolution Petroleum has a 52 week low of $4.59 and a 52 week high of $6.28.

Evolution Petroleum (NYSE:EPM) last announced 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 4.59% and a net margin of 5.36%. The company had revenue of $21.23 million for the quarter, compared to analyst estimates of $24.44 million. Analysts forecast that Evolution Petroleum will post 0.31 earnings per share for the current year.

Hedge Funds Weigh In On Evolution Petroleum

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in EPM. SG Americas Securities LLC bought a new position in Evolution Petroleum during the third quarter worth $56,000. Exchange Traded Concepts LLC bought a new stake in shares of Evolution Petroleum in the third quarter valued at about $297,000. Creative Planning bought a new stake in shares of Evolution Petroleum in the third quarter valued at about $53,000. CWA Asset Management Group LLC bought a new stake in shares of Evolution Petroleum in the third quarter valued at about $1,136,000. Finally, Caprock Group LLC bought a new stake in shares of Evolution Petroleum in the third quarter valued at about $71,000. 60.07% of the stock is owned by institutional investors.

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.