Evolution Petroleum Corporation, Inc. (NYSEAMERICAN:EPM - Get Free Report) shares crossed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $3.84 and traded as low as $3.71. Evolution Petroleum shares last traded at $3.77, with a volume of 208,098 shares.
Wall Street Analyst Weigh In
A number of brokerages recently weighed in on EPM. Freedom Capital cut Evolution Petroleum from a "strong-buy" rating to a "hold" rating in a report on Wednesday, May 20th. Zacks Research cut shares of Evolution Petroleum from a "hold" rating to a "strong sell" rating in a research report on Monday, July 13th. Finally, Northland Securities set a $4.00 price target on shares of Evolution Petroleum in a research note on Thursday, July 23rd. One equities research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, Evolution Petroleum presently has an average rating of "Hold" and an average target price of $4.77.
View Our Latest Stock Report on Evolution Petroleum
Evolution Petroleum Stock Up 1.1%
The firm has a market cap of $135.23 million, a PE ratio of -34.27 and a beta of 0.25. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.61 and a current ratio of 0.61. The company's 50-day simple moving average is $3.84 and its two-hundred day simple moving average is $4.21.
Hedge Funds Weigh In On Evolution Petroleum
A number of institutional investors have recently added to or reduced their stakes in EPM. Comerica Bank boosted its holdings in Evolution Petroleum by 894.0% in the third quarter. Comerica Bank now owns 6,908 shares of the energy company's stock worth $33,000 after acquiring an additional 6,213 shares in the last quarter. StoneX Group Inc. purchased a new position in shares of Evolution Petroleum in the 4th quarter worth about $36,000. Inscription Capital LLC bought a new position in Evolution Petroleum in the 4th quarter worth about $38,000. BNP Paribas Financial Markets boosted its stake in Evolution Petroleum by 163.4% in the 3rd quarter. BNP Paribas Financial Markets now owns 8,194 shares of the energy company's stock worth $39,000 after purchasing an additional 5,083 shares in the last quarter. Finally, The Manufacturers Life Insurance Company grew its position in Evolution Petroleum by 20.4% during the 4th quarter. The Manufacturers Life Insurance Company now owns 13,836 shares of the energy company's stock valued at $49,000 after purchasing an additional 2,340 shares during the last quarter. Institutional investors own 60.07% of the company's stock.
About Evolution Petroleum
(
Get Free Report)
Evolution Petroleum Corporation (NYSE American: EPM) is an independent oil and natural gas company focused on enhanced oil recovery (EOR) through the use of carbon dioxide. Headquartered in Houston, Texas, the company specializes in acquiring and developing mature hydrocarbon reservoirs that benefit from CO₂ injection to increase production efficiency. Evolution Petroleum's business model combines property acquisition, reservoir engineering, and CO₂ management to optimize recovery of oil and associated gas.
The company's primary asset is the Jackson Dome CO₂ field in southwestern Mississippi, where natural carbon dioxide is produced, separated and reinjected into adjacent oil-bearing formations.
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