Evolution Petroleum Co. (NYSEAMERICAN:EPM - Get Free Report) crossed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $0.00 and traded as high as $5.29. Evolution Petroleum shares last traded at $4.97, with a volume of 204,053 shares.
Analyst Ratings Changes
Separately, StockNews.com upgraded Evolution Petroleum to a "sell" rating in a report on Wednesday, September 11th.
Read Our Latest Analysis on Evolution Petroleum
Evolution Petroleum Price Performance
The firm has a market cap of $163.80 million, a PE ratio of 61.38 and a beta of 0.81. The company has a quick ratio of 1.49, a current ratio of 1.49 and a debt-to-equity ratio of 0.51.
Hedge Funds Weigh In On Evolution Petroleum
A number of institutional investors have recently added to or reduced their stakes in the company. Kings Path Partners LLC purchased a new stake in Evolution Petroleum during the 2nd quarter worth approximately $566,000. Renaissance Technologies LLC raised its holdings in Evolution Petroleum by 4.7% in the second quarter. Renaissance Technologies LLC now owns 1,315,383 shares of the energy company's stock valued at $6,932,000 after acquiring an additional 58,586 shares in the last quarter. Sanctuary Advisors LLC bought a new position in Evolution Petroleum during the 2nd quarter valued at $179,000. American Century Companies Inc. boosted its stake in Evolution Petroleum by 5.5% during the 2nd quarter. American Century Companies Inc. now owns 572,850 shares of the energy company's stock valued at $3,019,000 after acquiring an additional 29,823 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in Evolution Petroleum by 7.0% during the 2nd quarter. Bank of New York Mellon Corp now owns 400,178 shares of the energy company's stock worth $2,109,000 after acquiring an additional 26,286 shares in the last quarter. Institutional investors and hedge funds own 60.07% of the company's stock.
Evolution Petroleum Company Profile
(
Get Free Report)
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.
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