Shares of Evolution Petroleum Corporation, Inc. (NYSEAMERICAN:EPM – Get Free Report) have been given a consensus recommendation of “Moderate Buy” by the six analysts that are currently covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $4.76.
Several research firms have weighed in on EPM. Alliance Global Partners restated a “buy” rating on shares of Evolution Petroleum in a research report on Tuesday, August 25th. Freedom Broker upgraded shares of Evolution Petroleum from a “hold” rating to a “buy” rating and set a $4.50 price objective for the company in a research report on Tuesday, September 22nd. Zacks Research upgraded Evolution Petroleum from a “strong sell” rating to a “hold” rating in a report on Friday, August 28th. Finally, Northland Securities set a $4.25 price target on shares of Evolution Petroleum in a research report on Thursday, September 17th.
Check Out Our Latest Research Report on Evolution Petroleum
Evolution Petroleum Stock Up 4.5%
Shares of EPM opened at $3.93 on Friday. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.92 and a current ratio of 0.92. Evolution Petroleum has a 12-month low of $3.19 and a 12-month high of $4.99. The business’s fifty day moving average price is $3.65 and its 200 day moving average price is $3.96.
Evolution Petroleum (NYSEAMERICAN:EPM – Get Free Report) last issued its earnings results on Tuesday, September 15th. The energy company reported ($0.02) earnings per share for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.03). The business had revenue of $24.21 million for the quarter, compared to the consensus estimate of $23.23 million. Evolution Petroleum had a negative return on equity of 5.41% and a negative net margin of 2.81%. Research analysts anticipate that Evolution Petroleum will post 0.05 earnings per share for the current fiscal year.
Evolution Petroleum Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Monday, September 21st were paid a $0.12 dividend. The ex-dividend date was Monday, September 21st. This represents a $0.48 dividend on an annualized basis and a yield of 12.2%. Evolution Petroleum’s payout ratio is presently 600.08%.
Institutional Trading of Evolution Petroleum
Several hedge funds and other institutional investors have recently made changes to their positions in EPM. BlackRock Inc. purchased a new stake in shares of Evolution Petroleum during the second quarter worth about $8,894,000. Dimensional Fund Advisors LP raised its holdings in Evolution Petroleum by 2.3% during the first quarter. Dimensional Fund Advisors LP now owns 1,453,218 shares of the energy company’s stock worth $6,656,000 after purchasing an additional 32,641 shares in the last quarter. CWA Asset Management Group LLC increased its stake in shares of Evolution Petroleum by 16.6% during the 3rd quarter. CWA Asset Management Group LLC now owns 939,802 shares of the energy company’s stock worth $3,327,000 after purchasing an additional 134,040 shares in the last quarter. Castleview Partners LLC raised its position in shares of Evolution Petroleum by 16.3% in the 3rd quarter. Castleview Partners LLC now owns 134,200 shares of the energy company’s stock worth $475,000 after buying an additional 18,807 shares during the period. Finally, Bank of New York Mellon Corp acquired a new position in shares of Evolution Petroleum during the second quarter worth $312,000. Hedge funds and other institutional investors own 60.07% of the company’s stock.
Evolution Petroleum Company Profile
Evolution Petroleum Corporation is an independent oil and natural gas company focused on acquiring, developing and managing mature, long-life producing properties in the United States. The company emphasizes assets that can generate stable production and cash flow through improved recovery techniques, operating efficiencies and disciplined capital investment.
Evolution Petroleum is particularly known for its interest in the Delhi Field in northeastern Louisiana, where carbon dioxide enhanced oil recovery is used to increase production from a mature oil reservoir.
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