Evolution Petroleum (NYSEAMERICAN:EPM) Stock Crosses Above 50 Day Moving Average – Here’s What Happened

Shares of Evolution Petroleum Co. (NYSEAMERICAN:EPM) crossed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $0.00 and traded as high as $5.28. Evolution Petroleum shares last traded at $5.25, with a volume of 139,492 shares.

Evolution Petroleum Trading Down 0.2 %

The firm has a market capitalization of $175.14 million, a price-to-earnings ratio of 65.63 and a beta of 0.81. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.49 and a current ratio of 1.49.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Evolution Petroleum stock. Sanctuary Advisors LLC purchased a new stake in Evolution Petroleum Co. (NYSEAMERICAN:EPM) in the 2nd quarter, according to its most recent disclosure with the SEC. The fund purchased 30,846 shares of the energy company’s stock, valued at approximately $179,000. Sanctuary Advisors LLC owned 0.09% of Evolution Petroleum as of its most recent filing with the SEC. 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.