Evolution Petroleum (NYSEAMERICAN:EPM) Stock Price Passes Above 50 Day Moving Average – Here’s What Happened

Evolution Petroleum Co. (NYSEAMERICAN:EPM) crossed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $0.00 and traded as high as $5.28. Evolution Petroleum shares last traded at $5.25, with a volume of 139,492 shares.

Evolution Petroleum Trading Down 0.2 %

The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 0.51. The firm has a market capitalization of $175.14 million, a PE ratio of 65.63 and a beta of 0.81.

Institutional Investors Weigh In On Evolution Petroleum

An institutional investor recently bought a new position in Evolution Petroleum stock. Sanctuary Advisors LLC acquired a new position in shares of Evolution Petroleum Co. (NYSEAMERICAN:EPM) in the 2nd quarter, according to its most recent disclosure with the SEC. The fund acquired 30,846 shares of the energy company’s stock, valued at approximately $179,000. Sanctuary Advisors LLC owned about 0.09% of Evolution Petroleum at the end of the most recent quarter. Hedge funds and other institutional investors own 60.07% of the company’s stock.

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.