Evolution Petroleum Corporation (NYSE:EPM) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Evolution Petroleum Corporation (NYSE:EPM) has received an average rating of “Moderate Buy” from the five research firms that are currently covering the stock, MarketBeat reports. Two equities research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $5.7333.

A number of analysts recently weighed in on EPM shares. Roth Capital initiated coverage on shares of Evolution Petroleum in a research note on Thursday. They issued a “buy” rating and a $5.00 target price on the stock. Zacks Research upgraded Evolution Petroleum from a “strong sell” rating to a “hold” rating in a research note on Tuesday, November 18th.

Institutional Investors Weigh In On Evolution Petroleum

Several institutional investors and hedge funds have recently made changes to their positions in EPM. Ritholtz Wealth Management bought a new stake in shares of Evolution Petroleum in the 3rd quarter worth about $655,000. Russell Investments Group Ltd. boosted its position in Evolution Petroleum by 22.5% in the first quarter. Russell Investments Group Ltd. now owns 670,155 shares of the company’s stock valued at $3,471,000 after buying an additional 123,277 shares in the last quarter. American Century Companies Inc. grew its stake in Evolution Petroleum by 19.0% during the first quarter. American Century Companies Inc. now owns 749,442 shares of the company’s stock worth $3,882,000 after buying an additional 119,746 shares during the last quarter. Raymond James Financial Inc. increased its holdings in shares of Evolution Petroleum by 30.9% during the second quarter. Raymond James Financial Inc. now owns 468,620 shares of the company’s stock worth $2,203,000 after buying an additional 110,687 shares in the last quarter. Finally, UBS Group AG increased its holdings in shares of Evolution Petroleum by 23.2% during the third quarter. UBS Group AG now owns 469,692 shares of the company’s stock worth $2,264,000 after buying an additional 88,575 shares in the last quarter. Institutional investors and hedge funds own 60.07% of the company’s stock.

Evolution Petroleum Stock Performance

Shares of NYSE EPM traded up $0.04 during trading hours on Thursday, reaching $4.17. The stock had a trading volume of 73,690 shares, compared to its average volume of 216,719. The company has a market cap of $144.66 million, a price-to-earnings ratio of 83.42 and a beta of 0.26. Evolution Petroleum has a twelve month low of $3.71 and a twelve month high of $5.74. The business’s fifty day moving average is $4.42 and its two-hundred day moving average is $4.73. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.64 and a quick ratio of 1.64.

Evolution Petroleum (NYSE:EPM) last posted its quarterly earnings results on Tuesday, September 16th. The company reported $0.10 earnings per share for the quarter, topping analysts’ consensus estimates of $0.01 by $0.09. Evolution Petroleum had a net margin of 2.04% and a return on equity of 2.42%. During the same quarter in the prior year, the company earned $0.03 EPS. As a group, research analysts expect that Evolution Petroleum will post 0.1 EPS for the current year.

Evolution Petroleum Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Monday, September 22nd were given a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 11.5%. The ex-dividend date was Monday, September 22nd. Evolution Petroleum’s dividend payout ratio is -4,800.00%.

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.