Evolution Petroleum (NYSE:EPM) Upgraded to Hold at StockNews.com

StockNews.com upgraded shares of Evolution Petroleum (NYSE:EPM) from a sell rating to a hold rating in a report released on Wednesday.

Separately, Northland Capmk raised Evolution Petroleum to a “strong-buy” rating in a research report on Thursday, October 17th.

Evolution Petroleum Stock Up 0.9 %

NYSE EPM opened at $5.79 on Wednesday. The firm has a market capitalization of $194.54 million, a PE ratio of 41.36 and a beta of 0.82. The business has a fifty day moving average of $5.50. Evolution Petroleum has a fifty-two week low of $4.59 and a fifty-two week high of $6.28. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.69 and a current ratio of 1.69.

Evolution Petroleum (NYSE:EPM) last released its earnings results on Tuesday, September 10th. The company reported $0.03 EPS for the quarter, missing the consensus estimate of $0.06 by ($0.03). The business had revenue of $21.23 million during the quarter, compared to analyst estimates of $24.44 million. Evolution Petroleum had a net margin of 5.36% and a return on equity of 4.65%. As a group, analysts anticipate that Evolution Petroleum will post 0.28 EPS for the current year.

Evolution Petroleum Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th will be paid a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 8.29%. The ex-dividend date is Friday, December 13th. Evolution Petroleum’s dividend payout ratio (DPR) is 342.88%.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. Creative Planning acquired a new position in shares of Evolution Petroleum in the third quarter worth about $53,000. CWA Asset Management Group LLC acquired a new stake in Evolution Petroleum during the third quarter valued at approximately $1,136,000. Exchange Traded Concepts LLC acquired a new stake in Evolution Petroleum during the third quarter valued at approximately $297,000. SG Americas Securities LLC acquired a new stake in Evolution Petroleum during the third quarter valued at approximately $56,000. Finally, Caprock Group LLC acquired a new stake in Evolution Petroleum during the third quarter valued at approximately $71,000. Institutional investors and hedge funds own 60.07% of the company’s stock.

About Evolution Petroleum

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.