Evolution Petroleum (NYSEAMERICAN:EPM) Lowered to Hold Rating by Freedom Capital

Evolution Petroleum (NYSEAMERICAN:EPM) was downgraded by equities research analysts at Freedom Capital from a “strong-buy” rating to a “hold” rating in a research note issued on Wednesday,Zacks.com reports.

Separately, Northland Securities set a $4.50 price objective on Evolution Petroleum in a research report on Wednesday, May 13th. One investment analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $4.93.

Evolution Petroleum Price Performance

NYSEAMERICAN:EPM opened at $4.54 on Wednesday. The company has a current ratio of 0.61, a quick ratio of 0.61 and a debt-to-equity ratio of 0.97. The company has a market capitalization of $162.85 million, a P/E ratio of -41.27 and a beta of 0.29. Evolution Petroleum has a 12 month low of $3.19 and a 12 month high of $5.70. The business’s 50-day moving average is $4.56 and its 200 day moving average is $4.19.

Institutional Investors Weigh In On Evolution Petroleum

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in EPM. Bank of America Corp DE grew its stake in shares of Evolution Petroleum by 11.2% during the first quarter. Bank of America Corp DE now owns 71,098 shares of the energy company’s stock valued at $326,000 after buying an additional 7,158 shares during the last quarter. Arrowstreet Capital Limited Partnership bought a new position in shares of Evolution Petroleum during the first quarter valued at approximately $75,000. Dimensional Fund Advisors LP grew its stake in shares of Evolution Petroleum by 2.3% during the first quarter. Dimensional Fund Advisors LP now owns 1,453,218 shares of the energy company’s stock valued at $6,656,000 after buying an additional 32,641 shares during the last quarter. Castleview Partners LLC grew its stake in shares of Evolution Petroleum by 21.7% during the first quarter. Castleview Partners LLC now owns 95,300 shares of the energy company’s stock valued at $436,000 after buying an additional 17,000 shares during the last quarter. Finally, Kathmere Capital Management LLC bought a new position in shares of Evolution Petroleum during the first quarter valued at approximately $51,000. 60.07% of the stock is currently owned by hedge funds and other institutional investors.

About Evolution Petroleum

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.