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

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

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

Evolution Petroleum Trading Down 0.9 %

Shares of NYSE:EPM traded down $0.05 during midday trading on Thursday, hitting $5.80. The stock had a trading volume of 112,284 shares, compared to its average volume of 291,551. Evolution Petroleum has a 1 year low of $4.59 and a 1 year high of $6.28. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.49. The company’s 50 day moving average price is $5.42. The stock has a market cap of $194.92 million, a P/E ratio of 41.79 and a beta of 0.82.

Evolution Petroleum (NYSE:EPM) last released its earnings results on Tuesday, September 10th. The company reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by ($0.03). The business had revenue of $21.23 million for the quarter, compared to analyst estimates of $24.44 million. Evolution Petroleum had a return on equity of 4.59% and a net margin of 5.36%. As a group, equities analysts expect that Evolution Petroleum will post 0.31 EPS for the current year.

Evolution Petroleum Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th will be issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 8.28%. The ex-dividend date is Friday, December 13th. Evolution Petroleum’s dividend payout ratio is currently 342.86%.

Institutional Trading of Evolution Petroleum

A number of institutional investors have recently bought and sold shares of the company. Creative Planning acquired a new position in shares of Evolution Petroleum during the 3rd quarter worth $53,000. SG Americas Securities LLC acquired a new stake in shares of Evolution Petroleum in the third quarter valued at approximately $56,000. Caprock Group LLC purchased a new position in shares of Evolution Petroleum during the 3rd quarter worth approximately $71,000. Dynamic Technology Lab Private Ltd purchased a new stake in Evolution Petroleum in the 3rd quarter valued at approximately $105,000. Finally, Exchange Traded Concepts LLC acquired a new stake in Evolution Petroleum during the 3rd quarter valued at $297,000. 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.