Evolution Petroleum (NYSE:EPM) Raised to Hold at Zacks Research

Evolution Petroleum (NYSE:EPM) was upgraded by research analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a note issued to investors on Tuesday,Zacks.com reports.

Evolution Petroleum Trading Down 4.9%

EPM opened at $3.86 on Tuesday. Evolution Petroleum has a 12 month low of $3.85 and a 12 month high of $6.14. The stock has a fifty day moving average price of $4.69 and a 200-day moving average price of $4.76. The firm has a market cap of $133.91 million, a price-to-earnings ratio of 77.22 and a beta of 0.51. The company has a current ratio of 1.64, a quick ratio of 1.64 and a debt-to-equity ratio of 0.52.

Evolution Petroleum (NYSE:EPM) last released its quarterly earnings results on Tuesday, September 16th. The company reported $0.10 EPS for the quarter, beating the consensus estimate of $0.01 by $0.09. Evolution Petroleum had a net margin of 2.04% and a return on equity of 2.42%. During the same quarter last year, the business earned $0.03 earnings per share. As a group, equities research analysts anticipate that Evolution Petroleum will post 0.1 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Nuveen LLC acquired a new position in shares of Evolution Petroleum during the first quarter valued at about $317,000. Russell Investments Group Ltd. lifted its holdings in shares of Evolution Petroleum by 22.5% during the first quarter. Russell Investments Group Ltd. now owns 670,155 shares of the company’s stock worth $3,471,000 after purchasing an additional 123,277 shares during the period. Ethic Inc. boosted its position in Evolution Petroleum by 10.2% in the first quarter. Ethic Inc. now owns 140,200 shares of the company’s stock valued at $718,000 after buying an additional 12,937 shares during the last quarter. American Century Companies Inc. increased its holdings in Evolution Petroleum by 19.0% in the 1st quarter. American Century Companies Inc. now owns 749,442 shares of the company’s stock worth $3,882,000 after buying an additional 119,746 shares during the period. Finally, WealthTrust Axiom LLC raised its position in Evolution Petroleum by 1.7% during the 1st quarter. WealthTrust Axiom LLC now owns 1,767,188 shares of the company’s stock worth $9,154,000 after buying an additional 29,321 shares during the last quarter. 60.07% of the stock is owned by institutional investors and hedge funds.

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.