Wealthtrust Axiom buys $3,313,132 stake in Evolution Petroleum Corp (EPM)

Evolution Petroleum Corp (EPM) : Wealthtrust Axiom scooped up 76,789 additional shares in Evolution Petroleum Corp during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 26, 2016. The investment management firm now holds a total of 619,277 shares of Evolution Petroleum Corp which is valued at $3,313,132.Evolution Petroleum Corp makes up approximately 1.25% of Wealthtrust Axiom’s portfolio.

Other Hedge Funds, Including , Strs Ohio boosted its stake in EPM in the latest quarter, The investment management firm added 8,800 additional shares and now holds a total of 66,700 shares of Evolution Petroleum Corp which is valued at $356,845.Fenimore Asset Management Inc reduced its stake in EPM by selling 635 shares or 0.07% in the most recent quarter. The Hedge Fund company now holds 870,290 shares of EPM which is valued at $4,960,653. Evolution Petroleum Corp makes up approx 0.24% of Fenimore Asset Management Inc’s portfolio.Bnp Paribas Arbitrage Sa boosted its stake in EPM in the latest quarter, The investment management firm added 411 additional shares and now holds a total of 960 shares of Evolution Petroleum Corp which is valued at $5,482.

Evolution Petroleum Corp opened for trading at $5.25 and hit $5.45 on the upside on Friday, eventually ending the session at $5.45, with a gain of 2.06% or 0.11 points. The heightened volatility saw the trading volume jump to 36,685 shares. Company has a market cap of $179 M.

On the company’s financial health, Evolution Petroleum Corp reported $-0.01 EPS for the quarter, missing the analyst consensus estimate by $ -0.06 based on the information available during the earnings call on May 4, 2016. Analyst had a consensus of $0.05. The company had revenue of $5.12 million for the quarter, compared to analysts expectations of $7.18 million. The company’s revenue was down -27.5 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.02 EPS.

Evolution Petroleum Corporation is an independent petroleum company. The Company is engaged in the acquisition exploitation and development of properties for the production of crude oil and natural gas onshore in the United States. The Company focuses on applying artificial lift technology called Gas Assisted Rod Pump (GARP) for recovering incremental oil and gas from existing wells. The Company’s projects include Delhi Field Giddings Field and Lopez Field. The Company’s mineral interests in the Delhi Holt-Bryant Unit in the Delhi Field (Unit) are located in Northeast Louisiana. The Unit is approximately 13636 acres in size. The Unit has a production totaling approximately 195 million barrels (bbls) of oil through primary and limited secondary recovery operations. The Company’s Giddings Field is located in Central Texas. The Company’s Lopez Field is located in South Texas. The Company has leases covering approximately 782 net acres in the Lopez Field in South Texas.

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