Evolution Petroleum (NYSE:EPM) Raised to Hold at Northland Capmk

Northland Capmk upgraded shares of Evolution Petroleum (NYSE:EPM) to a hold rating in a report published on Tuesday morning,Zacks.com reports.

Several other analysts have also recently issued reports on the stock. StockNews.com raised shares of Evolution Petroleum from a “sell” rating to a “hold” rating in a research report on Monday. Northland Securities cut their target price on shares of Evolution Petroleum from $7.00 to $6.50 and set an “outperform” rating on the stock in a research note on Thursday, February 6th. Finally, Alliance Global Partners assumed coverage on shares of Evolution Petroleum in a research note on Wednesday, May 7th. They set a “buy” rating and a $5.70 target price on the stock.

Evolution Petroleum Stock Down 2.0%

Shares of EPM opened at $4.36 on Tuesday. The stock has a market capitalization of $149.58 million, a PE ratio of 87.22 and a beta of 0.49. Evolution Petroleum has a 1 year low of $4.05 and a 1 year high of $6.14. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.64 and a current ratio of 1.64. The company’s 50-day simple moving average is $4.54 and its 200-day simple moving average is $5.09.

Evolution Petroleum Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 13th will be paid a dividend of $0.12 per share. The ex-dividend date of this dividend is Friday, June 13th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 11.01%. Evolution Petroleum’s payout ratio is -1,600.00%.

Institutional Trading of Evolution Petroleum

A number of large investors have recently made changes to their positions in EPM. Raymond James Financial Inc. purchased a new stake in shares of Evolution Petroleum during the fourth quarter worth approximately $1,477,000. American Century Companies Inc. raised its holdings in Evolution Petroleum by 31.0% during the fourth quarter. American Century Companies Inc. now owns 629,696 shares of the company’s stock worth $3,293,000 after purchasing an additional 149,130 shares in the last quarter. Russell Investments Group Ltd. raised its holdings in Evolution Petroleum by 22.5% during the first quarter. Russell Investments Group Ltd. now owns 670,155 shares of the company’s stock worth $3,471,000 after purchasing an additional 123,277 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in Evolution Petroleum by 6.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,510,454 shares of the company’s stock worth $7,899,000 after purchasing an additional 89,697 shares in the last quarter. Finally, CWA Asset Management Group LLC raised its holdings in Evolution Petroleum by 30.0% during the first quarter. CWA Asset Management Group LLC now owns 305,012 shares of the company’s stock worth $1,580,000 after purchasing an additional 70,450 shares in the last quarter. 60.07% of the stock is currently owned by hedge funds and other institutional investors.

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 a non-operated interests in the SCOOP and STACK plays located in Central Oklahoma; the Chaveroo Field situated in Chaves and Roosevelt Counties, New Mexico; the Jonah Field located in Sublette County, Wyoming; the Williston Basin situated in Williston, North Dakota; the Barnett Shale field located in North Texas; the Hamilton Dome situated in Hot Springs County, Wyoming; and the Delhi Field, an onshore CO2-EOR project located in northeast Louisiana in Franklin, Madison, and Richland Parishes, as well as small overriding royalty interests in four onshore central Texas wells.