Evolution Petroleum (NYSE:EPM) Lowered to Sell Rating by StockNews.com

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

Other equities analysts have also issued reports about the stock. Northland Securities lowered their target price on shares of Evolution Petroleum from $7.00 to $6.50 and set an “outperform” rating for the company in a report on Thursday. Northland Capmk raised shares of Evolution Petroleum to a “strong-buy” rating in a research report on Thursday, October 17th.

Evolution Petroleum Trading Down 2.3 %

Evolution Petroleum stock traded down $0.12 during trading hours on Friday, hitting $5.13. 199,553 shares of the stock traded hands, compared to its average volume of 151,942. The business’s 50-day moving average price is $5.40. The company has a current ratio of 1.69, a quick ratio of 1.69 and a debt-to-equity ratio of 0.50. The stock has a market capitalization of $172.37 million, a P/E ratio of 36.65 and a beta of 0.87. Evolution Petroleum has a one year low of $4.59 and a one year high of $6.28.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in EPM. Raymond James Financial Inc. bought a new position in shares of Evolution Petroleum during the 4th quarter valued at about $1,477,000. CWA Asset Management Group LLC bought a new position in shares of Evolution Petroleum during the 3rd quarter valued at about $1,136,000. Exchange Traded Concepts LLC bought a new position in shares of Evolution Petroleum during the 3rd quarter valued at about $297,000. Quantinno Capital Management LP boosted its holdings 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 purchasing an additional 37,519 shares during the last quarter. Finally, Barclays PLC boosted its holdings in shares of Evolution Petroleum by 275.4% during the 3rd quarter. Barclays PLC now owns 45,331 shares of the company’s stock valued at $242,000 after purchasing an additional 33,256 shares during the last quarter. Institutional investors own 60.07% of the company’s stock.

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.