Alliance Global Partners Begins Coverage on Evolution Petroleum (NYSE:EPM)

Alliance Global Partners initiated coverage on shares of Evolution Petroleum (NYSE:EPM - Get Free Report) in a report issued on Wednesday,Briefing.com Automated Import reports. The firm set a "buy" rating and a $5.70 price target on the stock. Alliance Global Partners' price objective would indicate a potential upside of 39.02% from the stock's previous close.

Several other brokerages also recently commented on EPM. Northland Securities cut their target price on Evolution Petroleum from $7.00 to $6.50 and set an "outperform" rating on the stock in a research note on Thursday, February 6th. StockNews.com cut Evolution Petroleum from a "hold" rating to a "sell" rating in a research report on Friday, February 7th. Finally, Northland Capmk lowered Evolution Petroleum from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, April 23rd.

Evolution Petroleum Price Performance

Shares of Evolution Petroleum stock opened at $4.10 on Wednesday. The company has a 50-day simple moving average of $4.65 and a two-hundred day simple moving average of $5.14. The stock has a market capitalization of $140.44 million, a PE ratio of 82.02 and a beta of 0.49. Evolution Petroleum has a 52-week low of $4.08 and a 52-week high of $6.14. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.64 and a current ratio of 1.64.

Institutional Trading of Evolution Petroleum

A number of hedge funds have recently bought and sold shares of EPM. Quarry LP purchased a new position in Evolution Petroleum in the fourth quarter worth about $40,000. Chancellor Financial Group WB LP purchased a new position in shares of Evolution Petroleum in the fourth quarter worth approximately $58,000. Legal & General Group Plc grew its position in Evolution Petroleum by 56.7% during the fourth quarter. Legal & General Group Plc now owns 12,088 shares of the company's stock valued at $63,000 after buying an additional 4,375 shares during the period. Price T Rowe Associates Inc. MD bought a new position in Evolution Petroleum in the fourth quarter worth approximately $65,000. Finally, Intech Investment Management LLC purchased a new position in shares of Evolution Petroleum during the 4th quarter worth $68,000. Hedge funds and other institutional investors 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 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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