Evolution Petroleum (NYSEAMERICAN:EPM) Upgraded at StockNews.com

Evolution Petroleum (NYSEAMERICAN:EPM) was upgraded by StockNews.com to a “sell” rating in a research report issued on Wednesday.

Evolution Petroleum Stock Performance

EPM stock traded up $0.75 during trading on Wednesday, hitting $5.39. The company had a trading volume of 1,224,676 shares, compared to its average volume of 310,462. The company has a market capitalization of $179.81 million, a P/E ratio of 67.38 and a beta of 0.82. Evolution Petroleum has a fifty-two week low of $4.59 and a fifty-two week high of $9.25. The company has a quick ratio of 1.49, a current ratio of 1.49 and a debt-to-equity ratio of 0.51.

Institutional Investors Weigh In On Evolution Petroleum

Institutional investors have recently bought and sold shares of the stock. SpiderRock Advisors LLC acquired a new stake in Evolution Petroleum in the first quarter worth about $71,000. Principal Financial Group Inc. acquired a new stake in Evolution Petroleum in the 1st quarter valued at about $95,000. Sanctuary Advisors LLC acquired a new stake in Evolution Petroleum in the 2nd quarter valued at about $179,000. Rhumbline Advisers lifted its holdings in Evolution Petroleum by 10.0% in the 2nd quarter. Rhumbline Advisers now owns 47,523 shares of the energy company’s stock valued at $250,000 after acquiring an additional 4,310 shares during the last quarter. Finally, Connors Investor Services Inc. lifted its holdings in Evolution Petroleum by 19.9% in the 1st quarter. Connors Investor Services Inc. now owns 48,300 shares of the energy company’s stock valued at $297,000 after acquiring an additional 8,000 shares during the last quarter. Institutional investors and hedge funds 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 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.