Evolution Petroleum (NYSEAMERICAN:EPM) Downgraded to Sell at StockNews.com

Evolution Petroleum (NYSEAMERICAN:EPM) was downgraded by analysts at StockNews.com from a “hold” rating to a “sell” rating in a report released on Thursday.

Several other equities research analysts have also commented on EPM. Roth Mkm reiterated a “buy” rating and issued a $8.25 price objective on shares of Evolution Petroleum in a research note on Thursday, April 4th. TheStreet downgraded Evolution Petroleum from a “b” rating to a “c+” rating in a research report on Wednesday, February 7th.

Evolution Petroleum Stock Down 0.3 %

Shares of EPM stock traded down $0.01 during trading hours on Thursday, reaching $5.63. The company had a trading volume of 301,429 shares, compared to its average volume of 320,850. Evolution Petroleum has a 12 month low of $5.00 and a 12 month high of $10.11. The firm has a market capitalization of $188.21 million, a PE ratio of 11.72 and a beta of 0.91.

Evolution Petroleum (NYSEAMERICAN:EPM) last posted its quarterly earnings data on Tuesday, February 6th. The energy company reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.07). The firm had revenue of $21.02 million for the quarter, compared to analysts’ expectations of $23.67 million. Evolution Petroleum had a return on equity of 18.44% and a net margin of 17.25%. On average, equities research analysts anticipate that Evolution Petroleum will post 0.19 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Evolution Petroleum

A number of hedge funds have recently modified their holdings of EPM. Cambridge Investment Research Advisors Inc. bought a new stake in Evolution Petroleum in the 3rd quarter valued at about $92,000. Raymond James & Associates purchased a new position in Evolution Petroleum in the 3rd quarter valued at approximately $228,000. Raymond James Financial Services Advisors Inc. raised its holdings in Evolution Petroleum by 33.0% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 61,708 shares of the energy company’s stock valued at $422,000 after acquiring an additional 15,328 shares during the period. Bank of New York Mellon Corp lifted its position in shares of Evolution Petroleum by 7.5% during the third quarter. Bank of New York Mellon Corp now owns 380,449 shares of the energy company’s stock worth $2,602,000 after acquiring an additional 26,698 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC purchased a new stake in shares of Evolution Petroleum during the third quarter worth $35,000. 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 interests in a CO2 enhanced oil recovery project in Louisiana's Delhi field. Its Delhi Holt-Bryant Unit covers an area of approximately 13,636 acres located in Northeast Louisiana.