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

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

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

Evolution Petroleum Stock Down 2.3 %

EPM stock traded down $0.12 during trading on Friday, hitting $5.13. 199,553 shares of the company’s stock traded hands, compared to its average volume of 151,942. The company has a market capitalization of $172.37 million, a price-to-earnings ratio of 36.65 and a beta of 0.87. The stock’s fifty day moving average price is $5.40. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.69 and a quick ratio of 1.69. Evolution Petroleum has a 1 year low of $4.59 and a 1 year high of $6.28.

Institutional Trading of Evolution Petroleum

Several large investors have recently bought and sold shares of EPM. Creative Planning purchased a new stake in Evolution Petroleum during the 3rd quarter valued at about $53,000. SG Americas Securities LLC acquired a new position in shares of Evolution Petroleum in the 3rd quarter worth approximately $56,000. Wellington Management Group LLP acquired a new position in shares of Evolution Petroleum in the 3rd quarter worth approximately $63,000. Caprock Group LLC acquired a new stake in Evolution Petroleum during the 3rd quarter worth approximately $71,000. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in Evolution Petroleum during the 3rd quarter worth approximately $105,000. Hedge funds and other institutional investors own 60.07% of the company’s stock.

Evolution Petroleum Company Profile

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.