Evolution Petroleum (NYSE:EPM) Upgraded by Northland Capmk to Strong-Buy

Northland Capmk upgraded shares of Evolution Petroleum (NYSE:EPM) to a strong-buy rating in a research report released on Thursday, Zacks.com reports.

Separately, StockNews.com upgraded Evolution Petroleum to a “sell” rating in a research report on Sunday, September 15th.

Evolution Petroleum Trading Up 1.5 %

EPM opened at $5.42 on Thursday. Evolution Petroleum has a twelve month low of $4.59 and a twelve month high of $6.62. The firm has a market capitalization of $180.59 million, a price-to-earnings ratio of 45.17 and a beta of 0.82. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 0.49.

Evolution Petroleum (NYSE:EPM) last posted its earnings results on Tuesday, September 10th. The company reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.06 by ($0.03). Evolution Petroleum had a return on equity of 5.39% and a net margin of 4.75%. The business had revenue of $21.23 million for the quarter, compared to the consensus estimate of $24.44 million. As a group, equities analysts expect that Evolution Petroleum will post 0.42 earnings per share for the current year.

Evolution Petroleum Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, September 20th were paid a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 8.86%. The ex-dividend date was Friday, September 20th. Evolution Petroleum’s dividend payout ratio is 400.03%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. Creative Planning acquired a new stake in Evolution Petroleum in the 3rd quarter valued at approximately $53,000. SG Americas Securities LLC bought a new position in shares of Evolution Petroleum during the 3rd quarter worth approximately $56,000. Finally, Exchange Traded Concepts LLC bought a new position in shares of Evolution Petroleum during the 3rd quarter worth approximately $297,000. 60.07% of the stock is owned by institutional investors and hedge funds.

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.