Evolution Petroleum (NYSE:EPM) Stock Rating Upgraded by StockNews.com

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

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

Evolution Petroleum Stock Up 1.0 %

Evolution Petroleum stock opened at $5.80 on Wednesday. The company has a current ratio of 1.69, a quick ratio of 1.69 and a debt-to-equity ratio of 0.50. Evolution Petroleum has a 52-week low of $4.59 and a 52-week high of $6.28. The company’s fifty day simple moving average is $5.51. The stock has a market capitalization of $194.86 million, a P/E ratio of 41.43 and a beta of 0.82.

Evolution Petroleum (NYSE:EPM) last posted its quarterly earnings data 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 for the quarter, compared to analysts’ expectations of $24.44 million. On average, equities research analysts anticipate that Evolution Petroleum will post 0.28 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Evolution Petroleum

A number of large investors have recently added to or reduced their stakes in EPM. CWA Asset Management Group LLC acquired a new position in shares of Evolution Petroleum during the third quarter worth $1,136,000. Exchange Traded Concepts LLC acquired a new stake in shares of Evolution Petroleum in the third quarter worth $297,000. Quantinno Capital Management LP raised its stake in shares of Evolution Petroleum by 278.3% during the 3rd quarter. Quantinno Capital Management LP now owns 51,000 shares of the company’s stock valued at $271,000 after buying an additional 37,519 shares during the last quarter. Barclays PLC raised its position in Evolution Petroleum by 275.4% during the third quarter. Barclays PLC now owns 45,331 shares of the company’s stock valued at $242,000 after acquiring an additional 33,256 shares in the last quarter. Finally, XTX Topco Ltd acquired a new position in shares of Evolution Petroleum in the 3rd quarter valued at $112,000. 60.07% of the stock is currently 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.