Perritt Capital Management Inc Has $1.05 Million Stock Holdings in Evolution Petroleum Co. (NYSEAMERICAN:EPM)

Perritt Capital Management Inc grew its position in Evolution Petroleum Co. (NYSEAMERICAN:EPM) by 13.2% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 198,887 shares of the energy company’s stock after buying an additional 23,120 shares during the period. Evolution Petroleum accounts for approximately 0.6% of Perritt Capital Management Inc’s investment portfolio, making the stock its 29th largest holding. Perritt Capital Management Inc owned approximately 0.60% of Evolution Petroleum worth $1,048,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Register Financial Advisors LLC grew its holdings in Evolution Petroleum by 71.2% during the 1st quarter. Register Financial Advisors LLC now owns 276,405 shares of the energy company’s stock worth $1,697,000 after acquiring an additional 114,987 shares during the period. Kings Path Partners LLC acquired a new position in Evolution Petroleum in the second quarter valued at about $566,000. Penn Mutual Asset Management LLC lifted its stake in Evolution Petroleum by 17.5% in the fourth quarter. Penn Mutual Asset Management LLC now owns 700,053 shares of the energy company’s stock valued at $4,067,000 after buying an additional 104,299 shares during the period. North Star Investment Management Corp. boosted its holdings in Evolution Petroleum by 8.9% during the first quarter. North Star Investment Management Corp. now owns 769,369 shares of the energy company’s stock worth $4,724,000 after buying an additional 63,105 shares during the last quarter. Finally, Sequoia Financial Advisors LLC acquired a new position in shares of Evolution Petroleum during the 2nd quarter worth about $305,000. Institutional investors and hedge funds own 60.07% of the company’s stock.

Evolution Petroleum Price Performance

NYSEAMERICAN:EPM opened at $5.39 on Thursday. The stock has a market capitalization of $179.81 million, a price-to-earnings ratio of 67.38 and a beta of 0.82. The company has a quick ratio of 1.49, a current ratio of 1.49 and a debt-to-equity ratio of 0.51. Evolution Petroleum Co. has a 1 year low of $4.59 and a 1 year high of $9.25.

Evolution Petroleum (NYSEAMERICAN:EPM) last issued its quarterly earnings data on Tuesday, September 10th. The energy company reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by ($0.03). The business had revenue of $21.23 million during the quarter, compared to analyst estimates of $24.44 million. Evolution Petroleum had a net margin of 3.64% and a return on equity of 4.19%. Research analysts expect that Evolution Petroleum Co. will post 0.14 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of Evolution Petroleum to a “sell” rating in a research note on Wednesday.

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 interests in a CO2 enhanced oil recovery project in Louisiana's Delhi field. Its Delhi Holt-Bryant Unit covers an area of approximately 13,636 acres located in Northeast Louisiana.