Ancora Advisors LLC Has $543,000 Position in Evolution Petroleum Corporation $EPM

Key Points

• Ancora Advisors LLC increased its stake in Evolution Petroleum Corporation by 142.8% in Q1, holding 104,920 shares valued at $543,000.
• Research firms have recently upgraded EPM to a "hold" rating, with an average price target of $6.10, indicating a generally positive outlook for the stock.
• Evolution Petroleum's stock performance shows a market capitalization of approximately $173.94 million, with a 12-month low of $4.05 and a high of $6.14.

Ancora Advisors LLC lifted its position in shares of Evolution Petroleum Corporation (NYSE:EPM - Free Report) by 142.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 104,920 shares of the company's stock after buying an additional 61,708 shares during the period. Ancora Advisors LLC owned about 0.31% of Evolution Petroleum worth $543,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of EPM. WealthTrust Axiom LLC raised its holdings in Evolution Petroleum by 1.7% during the first quarter. WealthTrust Axiom LLC now owns 1,767,188 shares of the company's stock worth $9,154,000 after acquiring an additional 29,321 shares in the last quarter. American Century Companies Inc. raised its holdings in Evolution Petroleum by 19.0% during the first quarter. American Century Companies Inc. now owns 749,442 shares of the company's stock worth $3,882,000 after acquiring an additional 119,746 shares in the last quarter. Ethic Inc. raised its holdings in Evolution Petroleum by 10.2% during the first quarter. Ethic Inc. now owns 140,200 shares of the company's stock worth $718,000 after acquiring an additional 12,937 shares in the last quarter. Russell Investments Group Ltd. raised its holdings in Evolution Petroleum by 22.5% during the first quarter. Russell Investments Group Ltd. now owns 670,155 shares of the company's stock worth $3,471,000 after acquiring an additional 123,277 shares in the last quarter. Finally, Nuveen LLC bought a new stake in Evolution Petroleum during the first quarter worth about $317,000. 60.07% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms recently issued reports on EPM. Northland Capmk upgraded Evolution Petroleum to a "hold" rating in a report on Tuesday, May 20th. Wall Street Zen upgraded Evolution Petroleum from a "sell" rating to a "hold" rating in a research note on Monday, May 19th. Two research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $6.10.

Evolution Petroleum Price Performance

NYSE:EPM opened at $5.07 on Friday. 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's 50 day moving average price is $4.93 and its two-hundred day moving average price is $4.77. The firm has a market capitalization of $173.94 million, a price-to-earnings ratio of 101.42 and a beta of 0.61. Evolution Petroleum Corporation has a 12-month low of $4.05 and a 12-month high of $6.14.

Evolution Petroleum 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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