Evolution Petroleum (NYSEAMERICAN:EPM) Rating Lowered to Strong Sell at Zacks Research

Evolution Petroleum (NYSEAMERICAN:EPM) was downgraded by Zacks Research from a “hold” rating to a “strong sell” rating in a research note issued on Monday,Zacks.com reports.

A number of other research firms have also issued reports on EPM. Northland Securities set a $4.50 target price on Evolution Petroleum in a report on Wednesday, May 13th. Freedom Capital lowered Evolution Petroleum from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 20th. One analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $4.93.

Evolution Petroleum Stock Up 0.5%

Evolution Petroleum stock opened at $3.85 on Monday. The company has a debt-to-equity ratio of 0.97, a current ratio of 0.61 and a quick ratio of 0.61. Evolution Petroleum has a fifty-two week low of $3.19 and a fifty-two week high of $5.70. The firm has a fifty day moving average price of $4.15 and a two-hundred day moving average price of $4.18. The firm has a market cap of $138.10 million, a price-to-earnings ratio of -35.00 and a beta of 0.23.

Institutional Investors Weigh In On Evolution Petroleum

Several hedge funds have recently made changes to their positions in EPM. The Manufacturers Life Insurance Company lifted its holdings in shares of Evolution Petroleum by 20.4% during the 4th quarter. The Manufacturers Life Insurance Company now owns 13,836 shares of the energy company’s stock worth $49,000 after acquiring an additional 2,340 shares during the period. Certior Financial Group LLC increased its stake in Evolution Petroleum by 13.1% in the fourth quarter. Certior Financial Group LLC now owns 30,869 shares of the energy company’s stock valued at $109,000 after acquiring an additional 3,566 shares during the period. Mercer Global Advisors Inc. ADV increased its stake in Evolution Petroleum by 21.8% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 22,222 shares of the energy company’s stock valued at $79,000 after acquiring an additional 3,983 shares during the period. BNP Paribas Financial Markets raised its position in Evolution Petroleum by 163.4% in the third quarter. BNP Paribas Financial Markets now owns 8,194 shares of the energy company’s stock worth $39,000 after purchasing an additional 5,083 shares in the last quarter. Finally, Vanguard Group Inc. raised its position in Evolution Petroleum by 0.3% in the third quarter. Vanguard Group Inc. now owns 1,600,822 shares of the energy company’s stock worth $7,716,000 after purchasing an additional 5,101 shares in the last quarter. Institutional investors own 60.07% of the company’s stock.

Evolution Petroleum Company Profile

Evolution Petroleum Corporation (NYSE American: EPM) is an independent oil and natural gas company focused on enhanced oil recovery (EOR) through the use of carbon dioxide. Headquartered in Houston, Texas, the company specializes in acquiring and developing mature hydrocarbon reservoirs that benefit from CO? injection to increase production efficiency. Evolution Petroleum’s business model combines property acquisition, reservoir engineering, and CO? management to optimize recovery of oil and associated gas.

The company’s primary asset is the Jackson Dome CO? field in southwestern Mississippi, where natural carbon dioxide is produced, separated and reinjected into adjacent oil-bearing formations.