Ranger Investment Management L.P. Sells 202,530 Shares of Evolution Petroleum Corporation $EPM

Ranger Investment Management L.P. trimmed its holdings in shares of Evolution Petroleum Corporation (NYSE:EPM) by 17.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 943,820 shares of the company’s stock after selling 202,530 shares during the period. Ranger Investment Management L.P.’s holdings in Evolution Petroleum were worth $4,549,000 at the end of the most recent reporting period.

Several other institutional investors also recently added to or reduced their stakes in EPM. Truist Financial Corp raised its position in Evolution Petroleum by 51.4% in the third quarter. Truist Financial Corp now owns 49,788 shares of the company’s stock worth $240,000 after acquiring an additional 16,898 shares during the period. Vanguard Personalized Indexing Management LLC grew its holdings in Evolution Petroleum by 10.3% during the third quarter. Vanguard Personalized Indexing Management LLC now owns 25,495 shares of the company’s stock valued at $123,000 after purchasing an additional 2,389 shares during the period. Ritholtz Wealth Management purchased a new stake in Evolution Petroleum in the third quarter worth $655,000. Kathmere Capital Management LLC purchased a new stake in Evolution Petroleum in the third quarter worth $60,000. Finally, CWA Asset Management Group LLC lifted its position in shares of Evolution Petroleum by 15.4% during the 3rd quarter. CWA Asset Management Group LLC now owns 470,471 shares of the company’s stock valued at $2,268,000 after buying an additional 62,695 shares during the last quarter. Institutional investors own 60.07% of the company’s stock.

Evolution Petroleum Price Performance

Shares of Evolution Petroleum stock opened at $4.01 on Friday. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.64 and a quick ratio of 1.64. Evolution Petroleum Corporation has a one year low of $3.19 and a one year high of $5.70. The business’s 50 day simple moving average is $3.75 and its two-hundred day simple moving average is $4.40. The stock has a market capitalization of $140.35 million, a P/E ratio of 80.22 and a beta of 0.31.

Analyst Upgrades and Downgrades

EPM has been the topic of a number of recent research reports. Zacks Research raised Evolution Petroleum from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 18th. Roth Mkm began coverage on Evolution Petroleum in a research note on Thursday, December 4th. They issued a “buy” rating and a $5.00 target price on the stock. Loop Capital set a $5.30 price objective on Evolution Petroleum in a report on Tuesday, December 23rd. Finally, Freedom Capital upgraded shares of Evolution Petroleum to a “strong-buy” rating in a research report on Tuesday, December 23rd. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $5.33.

Evolution Petroleum Company Profile

Evolution Petroleum Enterprises, Inc (NYSE:EPM) is an independent oil and gas company focused on acquiring, developing and producing petroleum and natural gas assets in the United States. Through a strategy centered on high-margin, mature fields, the company targets properties where enhanced recovery techniques can unlock remaining reserves, offering stable production and cash flow potential.

The company’s principal activities revolve around carbon dioxide (CO₂) enhanced oil recovery (EOR) operations.