Shares of Evolution Petroleum Corporation, Inc. (NYSEAMERICAN:EPM - Get Free Report) passed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $3.70 and traded as low as $3.44. Evolution Petroleum shares last traded at $3.58, with a volume of 434,472 shares traded.
Analyst Upgrades and Downgrades
Several equities analysts recently weighed in on the stock. Freedom Capital cut shares of Evolution Petroleum from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, May 20th. Northland Securities set a $4.00 price target on shares of Evolution Petroleum in a research note on Thursday, July 23rd. Alliance Global Partners reissued a "buy" rating on shares of Evolution Petroleum in a report on Tuesday. Finally, Zacks Research lowered Evolution Petroleum from a "hold" rating to a "strong sell" rating in a research report on Monday, July 13th. Two research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $4.77.
Read Our Latest Stock Report on Evolution Petroleum
Evolution Petroleum Stock Performance
The company has a debt-to-equity ratio of 0.97, a current ratio of 0.61 and a quick ratio of 0.61. The business has a 50-day moving average of $3.70 and a 200-day moving average of $4.19. The company has a market capitalization of $128.70 million, a P/E ratio of -32.55 and a beta of 0.25.
Hedge Funds Weigh In On Evolution Petroleum
A number of large investors have recently bought and sold shares of the business. Comerica Bank grew its holdings in shares of 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 purchasing an additional 6,213 shares during the last quarter. BNP Paribas Financial Markets lifted its holdings in Evolution Petroleum by 163.4% during the 3rd quarter. BNP Paribas Financial Markets now owns 8,194 shares of the energy company's stock valued at $39,000 after buying an additional 5,083 shares in the last quarter. Equitable Holdings Inc. purchased a new stake in Evolution Petroleum in the 2nd quarter valued at about $37,000. StoneX Group Inc. purchased a new stake in Evolution Petroleum in the 4th quarter valued at about $36,000. Finally, Inscription Capital LLC bought a new position in Evolution Petroleum in the 4th quarter worth about $38,000. Hedge funds and other institutional investors own 60.07% of the company's stock.
Evolution Petroleum Company Profile
(
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.
Further Reading
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