StockNews.com Downgrades Evolution Petroleum (NYSEAMERICAN:EPM) to Sell

Evolution Petroleum (NYSEAMERICAN:EPM - Get Free Report) was downgraded by analysts at StockNews.com from a "hold" rating to a "sell" rating in a research report issued to clients and investors on Wednesday.

A number of other equities analysts have also recently commented on the stock. Roth Mkm reissued a "buy" rating and issued a $8.25 price objective on shares of Evolution Petroleum in a research note on Thursday, April 4th. TheStreet lowered shares of Evolution Petroleum from a "b" rating to a "c+" rating in a report on Wednesday, February 7th.

Evolution Petroleum Stock Performance

EPM traded down $0.07 during trading on Wednesday, hitting $5.42. 211,253 shares of the company traded hands, compared to its average volume of 325,506. The stock has a market capitalization of $180.64 million, a price-to-earnings ratio of 67.70 and a beta of 0.91. Evolution Petroleum has a 1 year low of $5.00 and a 1 year high of $10.11. 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

A number of institutional investors and hedge funds have recently modified their holdings of the company. PNC Financial Services Group Inc. grew its position in Evolution Petroleum by 10.9% during the 3rd quarter. PNC Financial Services Group Inc. now owns 22,404 shares of the energy company's stock worth $153,000 after purchasing an additional 2,207 shares during the last quarter. Gladius Capital Management LP acquired a new stake in Evolution Petroleum during the 4th quarter valued at approximately $27,000. Janney Montgomery Scott LLC lifted its stake in Evolution Petroleum by 10.1% during the 1st quarter. Janney Montgomery Scott LLC now owns 55,472 shares of the energy company's stock valued at $341,000 after acquiring an additional 5,084 shares during the period. Allspring Global Investments Holdings LLC acquired a new stake in Evolution Petroleum during the 3rd quarter valued at approximately $35,000. Finally, Ritholtz Wealth Management lifted its stake in Evolution Petroleum by 49.5% during the 4th quarter. Ritholtz Wealth Management now owns 15,714 shares of the energy company's stock valued at $91,000 after acquiring an additional 5,206 shares during the period. Hedge funds and other institutional investors own 60.07% of the company's stock.

About Evolution Petroleum

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.