Evolution Petroleum (NYSEAMERICAN:EPM) Share Price Passes Below Fifty Day Moving Average – Time to Sell?

Evolution Petroleum Corporation, Inc. (NYSEAMERICAN:EPM) shares crossed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $3.84 and traded as low as $3.71. Evolution Petroleum shares last traded at $3.77, with a volume of 208,098 shares traded.

Analyst Ratings Changes

A number of equities analysts have recently commented on EPM shares. Freedom Capital downgraded shares of Evolution Petroleum from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 20th. Zacks Research downgraded Evolution Petroleum from a “hold” rating to a “strong sell” rating in a report on Monday, July 13th. Finally, Northland Securities set a $4.00 price objective on Evolution Petroleum in a research report on Thursday, July 23rd. One research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $4.77.

Evolution Petroleum Stock Up 0.5%

The company has a quick ratio of 0.61, a current ratio of 0.61 and a debt-to-equity ratio of 0.97. The firm has a market capitalization of $134.51 million, a price-to-earnings ratio of -34.09 and a beta of 0.25. The stock has a 50 day moving average of $3.81 and a 200 day moving average of $4.21.

Hedge Funds Weigh In On Evolution Petroleum

Hedge funds have recently added to or reduced their stakes in the business. BlackRock Inc. acquired a new position in Evolution Petroleum during the 2nd quarter valued at approximately $8,894,000. Rothschild Wealth LLC bought a new stake in Evolution Petroleum in the fourth quarter valued at $617,000. WealthTrust Axiom LLC boosted its holdings in shares of Evolution Petroleum by 9.4% during the fourth quarter. WealthTrust Axiom LLC now owns 1,948,657 shares of the energy company’s stock valued at $6,898,000 after acquiring an additional 166,624 shares during the period. Raymond James Financial Inc. boosted its holdings in shares of Evolution Petroleum by 30.9% during the second quarter. Raymond James Financial Inc. now owns 468,620 shares of the energy company’s stock valued at $2,203,000 after acquiring an additional 110,687 shares during the period. Finally, UBS Group AG grew its position in shares of Evolution Petroleum by 23.2% during the third quarter. UBS Group AG now owns 469,692 shares of the energy company’s stock worth $2,264,000 after acquiring an additional 88,575 shares during the last quarter. Institutional investors and hedge funds own 60.07% of the company’s stock.

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.