Evolution Petroleum (NYSE:EPM) Downgraded to Hold Rating by Northland Capmk

Evolution Petroleum (NYSE:EPM) was downgraded by Northland Capmk from a “strong-buy” rating to a “hold” rating in a research report issued on Wednesday,Zacks.com reports.

Several other brokerages have also recently commented on EPM. StockNews.com cut shares of Evolution Petroleum from a “hold” rating to a “sell” rating in a research report on Friday, February 7th. Northland Securities reduced their target price on Evolution Petroleum from $7.00 to $6.50 and set an “outperform” rating on the stock in a report on Thursday, February 6th.

Evolution Petroleum Trading Down 1.5 %

NYSE EPM opened at $4.24 on Wednesday. The company has a market capitalization of $145.07 million, a price-to-earnings ratio of 84.72 and a beta of 0.51. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.64 and a quick ratio of 1.64. Evolution Petroleum has a 12 month low of $4.10 and a 12 month high of $6.14. The company’s fifty day moving average price is $4.79 and its two-hundred day moving average price is $5.22.

Institutional Investors Weigh In On Evolution Petroleum

A number of institutional investors have recently modified their holdings of the business. Register Financial Advisors LLC boosted its stake in Evolution Petroleum by 2.7% in the first quarter. Register Financial Advisors LLC now owns 297,782 shares of the company’s stock valued at $1,543,000 after acquiring an additional 7,880 shares during the period. CWA Asset Management Group LLC boosted its position in Evolution Petroleum by 30.0% during the 1st quarter. CWA Asset Management Group LLC now owns 305,012 shares of the company’s stock valued at $1,580,000 after purchasing an additional 70,450 shares during the period. Rhumbline Advisers boosted its position in Evolution Petroleum by 28.2% during the 1st quarter. Rhumbline Advisers now owns 50,448 shares of the company’s stock valued at $261,000 after purchasing an additional 11,083 shares during the period. Chancellor Financial Group WB LP bought a new position in Evolution Petroleum during the 4th quarter worth $58,000. Finally, PharVision Advisers LLC acquired a new stake in Evolution Petroleum in the fourth quarter worth $152,000. 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.