Evolution Petroleum (NYSEAMERICAN:EPM) Upgraded at Northland Securities

Northland Securities upgraded shares of Evolution Petroleum (NYSEAMERICAN:EPMFree Report) from a market perform rating to an outperform rating in a research report released on Friday morning, MarketBeat Ratings reports. The brokerage currently has $4.00 price objective on the energy company’s stock.

Other research analysts have also recently issued research reports about the stock. Zacks Research cut shares of Evolution Petroleum from a “hold” rating to a “strong sell” rating in a report on Monday, July 13th. Alliance Global Partners restated a “buy” rating on shares of Evolution Petroleum in a research report on Tuesday, August 25th. Finally, Freedom Capital lowered shares of Evolution Petroleum from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 20th. Three research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $4.77.

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Evolution Petroleum Stock Performance

Shares of NYSEAMERICAN:EPM opened at $3.64 on Friday. The company has a quick ratio of 0.61, a current ratio of 0.61 and a debt-to-equity ratio of 0.97. Evolution Petroleum has a 52-week low of $3.19 and a 52-week high of $5.70. The stock has a market cap of $130.86 million, a price-to-earnings ratio of -33.09 and a beta of 0.25. The business has a 50-day moving average price of $3.69 and a 200-day moving average price of $4.18.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. The Manufacturers Life Insurance Company boosted its position in Evolution Petroleum by 20.4% during the fourth quarter. The Manufacturers Life Insurance Company now owns 13,836 shares of the energy company’s stock worth $49,000 after purchasing an additional 2,340 shares in the last quarter. Wellington Management Group LLP increased its position in shares of Evolution Petroleum by 19.6% in the second quarter. Wellington Management Group LLP now owns 19,783 shares of the energy company’s stock valued at $73,000 after buying an additional 3,236 shares in the last quarter. Certior Financial Group LLC increased its position in shares of Evolution Petroleum by 13.1% in the fourth quarter. Certior Financial Group LLC now owns 30,869 shares of the energy company’s stock valued at $109,000 after buying an additional 3,566 shares in the last quarter. Mercer Global Advisors Inc. ADV increased its position in shares of Evolution Petroleum by 21.8% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 22,222 shares of the energy company’s stock valued at $79,000 after buying an additional 3,983 shares in the last quarter. Finally, BNP Paribas Financial Markets raised its stake in shares of Evolution Petroleum by 163.4% during the 3rd quarter. BNP Paribas Financial Markets now owns 8,194 shares of the energy company’s stock worth $39,000 after buying an additional 5,083 shares during the period. 60.07% of the stock is owned by institutional investors and hedge funds.

Evolution Petroleum Company Profile

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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.

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