StockNews.com Upgrades Evolution Petroleum (NYSE:EPM) to “Sell”

Evolution Petroleum (NYSE:EPM) was upgraded by equities researchers at StockNews.com to a “sell” rating in a research note issued on Sunday.

Evolution Petroleum Price Performance

Shares of Evolution Petroleum stock opened at $5.53 on Friday. The company has a market cap of $184.26 million, a P/E ratio of 69.13 and a beta of 0.81. Evolution Petroleum has a 12 month low of $4.59 and a 12 month high of $7.26. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.37 and a quick ratio of 1.49.

Evolution Petroleum (NYSE:EPM) last posted its quarterly earnings data on Tuesday, September 10th. The company reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by ($0.03). Evolution Petroleum had a net margin of 4.75% and a return on equity of 5.39%. The company had revenue of $21.23 million during the quarter, compared to the consensus estimate of $24.44 million. As a group, analysts forecast that Evolution Petroleum will post 0.42 earnings per share for the current fiscal year.

Evolution Petroleum Company Profile

Evolution Petroleum Corporation, an energy company, engages in the development, production, ownership, and exploitation of onshore oil and gas properties in the United States. The company holds a non-operated interests in the SCOOP and STACK plays located in Central Oklahoma; the Chaveroo Field situated in Chaves and Roosevelt Counties, New Mexico; the Jonah Field located in Sublette County, Wyoming; the Williston Basin situated in Williston, North Dakota; the Barnett Shale field located in North Texas; the Hamilton Dome situated in Hot Springs County, Wyoming; and the Delhi Field, an onshore CO2-EOR project located in northeast Louisiana in Franklin, Madison, and Richland Parishes, as well as small overriding royalty interests in four onshore central Texas wells.