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

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

Several other brokerages have also recently commented on EPM. Northland Securities cut their price target on shares of Evolution Petroleum from $7.00 to $6.50 and set an “outperform” rating on the stock in a research report on Thursday, February 6th. Northland Capmk cut shares of Evolution Petroleum from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, April 23rd. Finally, Alliance Global Partners initiated coverage on shares of Evolution Petroleum in a report on Wednesday, May 7th. They issued a “buy” rating and a $5.70 target price on the stock.

Evolution Petroleum Stock Down 1.1%

NYSE:EPM traded down $0.05 on Monday, hitting $4.45. 163,452 shares of the company’s stock were exchanged, compared to its average volume of 178,073. The firm has a 50-day moving average price of $4.55 and a 200-day moving average price of $5.09. 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 52 week low of $4.05 and a 52 week high of $6.14. The company has a market cap of $152.67 million, a P/E ratio of 89.02 and a beta of 0.49.

Institutional Investors Weigh In On Evolution Petroleum

A number of institutional investors and hedge funds have recently modified their holdings of the company. Quarry LP bought a new position in Evolution Petroleum in the 4th quarter valued at about $40,000. Chancellor Financial Group WB LP bought a new position in Evolution Petroleum in the 4th quarter valued at about $58,000. Legal & General Group Plc raised its holdings in Evolution Petroleum by 56.7% in the 4th quarter. Legal & General Group Plc now owns 12,088 shares of the company’s stock valued at $63,000 after acquiring an additional 4,375 shares during the period. Price T Rowe Associates Inc. MD bought a new position in Evolution Petroleum in the 4th quarter valued at about $65,000. Finally, Intech Investment Management LLC bought a new position in Evolution Petroleum in the 4th quarter valued at about $68,000. 60.07% of the stock is owned by institutional investors.

About Evolution Petroleum

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.