StockNews.com Downgrades Evolution Petroleum (NYSE:EPM) to Sell

StockNews.com cut shares of Evolution Petroleum (NYSE:EPM - Free Report) from a hold rating to a sell rating in a research report report published on Friday morning.

Several other equities analysts have also recently commented on EPM. Northland Securities dropped their target price on shares of Evolution Petroleum from $7.00 to $6.50 and set an "outperform" rating on the stock in a research report on Thursday, February 6th. Northland Capmk upgraded shares of Evolution Petroleum to a "strong-buy" rating in a research note on Thursday, October 17th.

Evolution Petroleum Stock Performance

Shares of Evolution Petroleum stock traded down $0.09 during mid-day trading on Friday, hitting $5.27. 86,774 shares of the stock were exchanged, compared to its average volume of 149,490. Evolution Petroleum has a 12 month low of $4.59 and a 12 month high of $6.28. The firm's 50-day moving average is $5.38. The company has a quick ratio of 1.69, a current ratio of 1.69 and a debt-to-equity ratio of 0.50. The stock has a market capitalization of $177.07 million, a P/E ratio of 37.65 and a beta of 0.87.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of EPM. Creative Planning bought a new position in Evolution Petroleum in the 3rd quarter valued at $53,000. CWA Asset Management Group LLC bought a new stake in Evolution Petroleum in the third quarter worth $1,136,000. Exchange Traded Concepts LLC bought a new stake in Evolution Petroleum in the third quarter worth $297,000. XTX Topco Ltd bought a new stake in Evolution Petroleum in the third quarter worth $112,000. Finally, Barclays PLC increased its position in shares of Evolution Petroleum by 275.4% in the third quarter. Barclays PLC now owns 45,331 shares of the company's stock valued at $242,000 after acquiring an additional 33,256 shares during the period. 60.07% of the stock is currently owned by hedge funds and other institutional investors.

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.