Evolution Petroleum (NYSE:EPM) Upgraded to "Strong-Buy" at Roth Capital

Evolution Petroleum (NYSE:EPM — Get Free Report) was upgraded by research analysts at Roth Capital to a “strong-buy” rating in a note issued to investors on Thursday,Zacks.com reports.

Separately, Zacks Research raised shares of Evolution Petroleum from a “strong sell” rating to a “hold” rating in a research note on Tuesday, November 18th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $5.73.

View Our Latest Analysis on Evolution Petroleum

Evolution Petroleum Price Performance

Evolution Petroleum stock opened at $4.19 on Thursday. Evolution Petroleum has a 52 week low of $3.71 and a 52 week high of $5.74. The business has a 50-day simple moving average of $4.41 and a 200 day simple moving average of $4.73. The company has a quick ratio of 1.64, a current ratio of 1.64 and a debt-to-equity ratio of 0.52. The stock has a market cap of $145.36 million, a price-to-earnings ratio of 83.82 and a beta of 0.26.

Evolution Petroleum (NYSE:EPM — Get Free Report) last released its quarterly earnings results on Tuesday, September 16th. The company reported $0.10 earnings per share for the quarter, beating the consensus estimate of $0.01 by $0.09. Evolution Petroleum had a return on equity of 2.42% and a net margin of 2.04%.During the same period in the previous year, the company posted $0.03 EPS. On average, research analysts forecast that Evolution Petroleum will post 0.1 earnings per share for the current fiscal year.

Institutional Trading of Evolution Petroleum

Several hedge funds and other institutional investors have recently bought and sold shares of EPM. WealthTrust Axiom LLC grew its position in Evolution Petroleum by 1.0% during the second quarter. WealthTrust Axiom LLC now owns 1,785,400 shares of the company’s stock valued at $8,391,000 after acquiring an additional 18,212 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of Evolution Petroleum by 0.3% in the 3rd quarter. Vanguard Group Inc. now owns 1,600,822 shares of the company’s stock valued at $7,716,000 after purchasing an additional 5,101 shares in the last quarter. Ranger Investment Management L.P. boosted its stake in shares of Evolution Petroleum by 7.4% in the 2nd quarter. Ranger Investment Management L.P. now owns 1,146,350 shares of the company’s stock valued at $5,388,000 after purchasing an additional 79,280 shares in the last quarter. American Century Companies Inc. grew its holdings in shares of Evolution Petroleum by 14.2% during the 2nd quarter. American Century Companies Inc. now owns 855,498 shares of the company’s stock valued at $4,021,000 after purchasing an additional 106,056 shares during the last quarter. Finally, Russell Investments Group Ltd. raised its position in Evolution Petroleum by 22.5% in the 1st quarter. Russell Investments Group Ltd. now owns 670,155 shares of the company’s stock worth $3,471,000 after purchasing an additional 123,277 shares during the period. Hedge funds and other institutional investors 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 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.

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