Evolution Petroleum (NYSEAMERICAN:EPM) Raised to Hold at Zacks Investment Research

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Zacks Investment Research upgraded shares of Evolution Petroleum (NYSEAMERICAN:EPM) from a sell rating to a hold rating in a report released on Tuesday, Zacks.com reports.

According to Zacks, “Natural Gas Systems, Inc. is a development stage company formed to acquire and develop oil and gas fields and apply both conventional and specialized technology to accelerate production and develop incremental reserves, particularly in low permeability reservoirs amenable to lateral drilling technology. “

NYSEAMERICAN:EPM opened at $5.71 on Tuesday. Evolution Petroleum has a twelve month low of $5.53 and a twelve month high of $12.83.

Institutional investors have recently bought and sold shares of the business. Advisor Group Inc. raised its position in shares of Evolution Petroleum by 45.5% during the fourth quarter. Advisor Group Inc. now owns 4,802 shares of the energy company’s stock worth $33,000 after acquiring an additional 1,502 shares during the last quarter. BNP Paribas Arbitrage SA raised its position in shares of Evolution Petroleum by 59,111.1% during the first quarter. BNP Paribas Arbitrage SA now owns 5,329 shares of the energy company’s stock worth $36,000 after acquiring an additional 5,320 shares during the last quarter. Meeder Asset Management Inc. raised its position in shares of Evolution Petroleum by 35.6% during the first quarter. Meeder Asset Management Inc. now owns 14,903 shares of the energy company’s stock worth $99,000 after acquiring an additional 3,912 shares during the last quarter. Thrivent Financial for Lutherans bought a new position in shares of Evolution Petroleum during the fourth quarter worth about $125,000. Finally, Marshall Wace LLP bought a new position in shares of Evolution Petroleum during the first quarter worth about $146,000.

About Evolution Petroleum

Evolution Petroleum Corporation, an oil and gas company, engages in the development, production, ownership, and management of oil and gas properties in the United States. The company primarily 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.

Further Reading: Buy Rating

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