Evolution Petroleum (NYSEAMERICAN:EPM) Lowered to Neutral at Roth Capital – Defense World

Roth Capital cut shares of Evolution Petroleum (NYSEAMERICAN:EPM Get Rating) from a buy rating to a neutral rating in a research note issued to investors on Wednesday, Marketbeat.com reports. They currently have $9.50 price objective on the energy companys stock.

Shares of NYSEAMERICAN:EPM opened at $4.95 on Wednesday. Evolution Petroleum has a 12-month low of $3.60 and a 12-month high of $8.17. The company has a market cap of $167.02 million, a PE ratio of -45.00 and a beta of 1.23. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.22 and a quick ratio of 2.22.

Evolution Petroleum (NYSEAMERICAN:EPM Get Rating) last issued its quarterly earnings results on Tuesday, May 10th. The energy company reported $0.23 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.23. The business had revenue of $25.69 million during the quarter, compared to analysts expectations of $25.09 million. Evolution Petroleum had a positive return on equity of 14.47% and a negative net margin of 8.88%. As a group, sell-side analysts predict that Evolution Petroleum will post 0.72 earnings per share for the current fiscal year.

Several hedge funds have recently modified their holdings of EPM. Advisor Group Holdings Inc. raised its position in Evolution Petroleum by 97.0% during the first quarter. Advisor Group Holdings Inc. now owns 3,656 shares of the energy companys stock valued at $25,000 after purchasing an additional 1,800 shares in the last quarter. Copeland Capital Management LLC acquired a new position in Evolution Petroleum during the fourth quarter valued at approximately $31,000. BNP Paribas Arbitrage SA raised its position in Evolution Petroleum by 253,450.0% during the first quarter. BNP Paribas Arbitrage SA now owns 5,071 shares of the energy companys stock valued at $34,000 after purchasing an additional 5,069 shares in the last quarter. Lazard Asset Management LLC acquired a new position in Evolution Petroleum during the first quarter valued at approximately $39,000. Finally, PNC Financial Services Group Inc. acquired a new position in Evolution Petroleum during the first quarter valued at approximately $55,000. Institutional investors and hedge funds own 61.84% of the companys stock.

Evolution Petroleum Company Profile (Get Rating)

Evolution Petroleum Corporation, an oil and natural gas company, engages in the development, production, ownership, and management of oil and gas properties in the United States. The company holds interests in a CO2 enhanced oil recovery project in Louisiana's Delhi field. Its Delhi Holt-Bryant Unit covers an area of 13,636 acres located in Northeast Louisiana.

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Evolution Petroleum (NYSEAMERICAN:EPM) Lowered to Neutral at Roth Capital - Defense World