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

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

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

Evolution Petroleum Stock Down 0.2 %

Evolution Petroleum stock opened at $5.84 on Thursday. Evolution Petroleum has a 52 week low of $4.59 and a 52 week high of $6.28. The business’s 50-day moving average price is $5.44. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.69 and a quick ratio of 1.37. The firm has a market capitalization of $196.28 million, a P/E ratio of 53.09 and a beta of 0.82.

Evolution Petroleum (NYSE:EPM) last released its quarterly earnings data 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 analysts’ expectations of $24.44 million. Evolution Petroleum had a net margin of 5.36% and a return on equity of 4.65%. Research analysts anticipate that Evolution Petroleum will post 0.31 EPS for the current fiscal year.

Evolution Petroleum Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th will be given a $0.12 dividend. The ex-dividend date of this dividend is Friday, December 13th. This represents a $0.48 annualized dividend and a yield of 8.22%. Evolution Petroleum’s dividend payout ratio is presently 342.88%.

Hedge Funds Weigh In On Evolution Petroleum

Institutional investors have recently made changes to their positions in the company. Creative Planning purchased a new stake in Evolution Petroleum during the third quarter worth $53,000. SG Americas Securities LLC purchased a new stake in shares of Evolution Petroleum during the 3rd quarter worth about $56,000. Wellington Management Group LLP acquired a new stake in shares of Evolution Petroleum during the 3rd quarter valued at about $63,000. Caprock Group LLC purchased a new position in shares of Evolution Petroleum in the 3rd quarter valued at about $71,000. Finally, Dynamic Technology Lab Private Ltd acquired a new position in Evolution Petroleum in the 3rd quarter worth about $105,000. 60.07% of the stock is 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.