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

StockNews.com upgraded shares of Evolution Petroleum (NYSE:EPM) from a sell rating to a hold rating in a research note published on Wednesday morning.

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

Evolution Petroleum Stock Performance

EPM stock opened at $5.86 on Wednesday. The firm has a fifty day simple moving average of $5.52. Evolution Petroleum has a fifty-two week low of $4.59 and a fifty-two week high of $6.28. The stock has a market capitalization of $196.90 million, a price-to-earnings ratio of 41.86 and a beta of 0.82. 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 issued its quarterly earnings data on Tuesday, September 10th. The company reported $0.03 EPS for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.03). Evolution Petroleum had a return on equity of 4.65% and a net margin of 5.36%. The business had revenue of $21.23 million during the quarter, compared to analysts’ expectations of $24.44 million. On average, equities analysts predict that Evolution Petroleum will post 0.28 EPS for the current year.

Evolution Petroleum Announces Dividend

The business 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 dividend of $0.12 per share. The ex-dividend date is Friday, December 13th. This represents a $0.48 annualized dividend and a yield of 8.19%. Evolution Petroleum’s payout ratio is presently 342.88%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. State Street Corp lifted its holdings in shares of Evolution Petroleum by 1.0% in the 3rd quarter. State Street Corp now owns 665,239 shares of the company’s stock worth $3,532,000 after acquiring an additional 6,675 shares during the last quarter. CWA Asset Management Group LLC purchased a new stake in Evolution Petroleum in the 3rd quarter worth about $1,136,000. Exchange Traded Concepts LLC bought a new stake in Evolution Petroleum in the third quarter worth about $297,000. Quantinno Capital Management LP boosted its position in shares of Evolution Petroleum by 278.3% during the third quarter. Quantinno Capital Management LP now owns 51,000 shares of the company’s stock valued at $271,000 after buying an additional 37,519 shares during the period. Finally, Barclays PLC boosted its position in shares of Evolution Petroleum by 275.4% during the third quarter. Barclays PLC now owns 45,331 shares of the company’s stock valued at $242,000 after buying an additional 33,256 shares during the period. 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.