Evolution Petroleum (NYSEAMERICAN:EPM) Shares Pass Above Fifty Day Moving Average – Time to Sell?

Shares of Evolution Petroleum Co. (NYSEAMERICAN:EPM) crossed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $0.00 and traded as high as $5.29. Evolution Petroleum shares last traded at $4.97, with a volume of 204,053 shares changing hands.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of Evolution Petroleum to a “sell” rating in a research report on Wednesday, September 11th.

Evolution Petroleum Trading Down 5.2 %

The firm has a market cap of $165.80 million, a P/E ratio of 62.13 and a beta of 0.81. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.49 and a quick ratio of 1.49.

Institutional Investors Weigh In On Evolution Petroleum

Large investors have recently added to or reduced their stakes in the company. Sanctuary Advisors LLC purchased a new position in Evolution Petroleum in the second quarter valued at about $179,000. Renaissance Technologies LLC boosted its stake in shares of Evolution Petroleum by 4.7% during the 2nd quarter. Renaissance Technologies LLC now owns 1,315,383 shares of the energy company’s stock valued at $6,932,000 after buying an additional 58,586 shares during the last quarter. Dimensional Fund Advisors LP grew its position in shares of Evolution Petroleum by 0.4% during the second quarter. Dimensional Fund Advisors LP now owns 1,336,348 shares of the energy company’s stock worth $7,043,000 after buying an additional 5,250 shares in the last quarter. Perritt Capital Management Inc increased its stake in shares of Evolution Petroleum by 13.2% in the second quarter. Perritt Capital Management Inc now owns 198,887 shares of the energy company’s stock worth $1,048,000 after buying an additional 23,120 shares during the last quarter. Finally, American Century Companies Inc. raised its holdings in Evolution Petroleum by 5.5% in the second quarter. American Century Companies Inc. now owns 572,850 shares of the energy company’s stock valued at $3,019,000 after acquiring an additional 29,823 shares in the last quarter. 60.07% of the stock is owned by institutional investors and hedge funds.

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.