Evolution Petroleum (NYSEAMERICAN:EPM) Shares Up 8.7% – Should You Buy?

Evolution Petroleum Corporation, Inc. (NYSEAMERICAN:EPM)’s stock price was up 8.7% during mid-day trading on Wednesday . The company traded as high as $4.51 and last traded at $4.50. Approximately 1,001,393 shares changed hands during trading, an increase of 201% from the average daily volume of 333,137 shares. The stock had previously closed at $4.14.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on EPM shares. Loop Capital set a $5.30 price objective on Evolution Petroleum in a research note on Tuesday, December 23rd. Freedom Capital upgraded Evolution Petroleum to a “strong-buy” rating in a research note on Tuesday, December 23rd. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $5.33.

Evolution Petroleum Stock Up 8.7%

The stock has a 50 day simple moving average of $4.47 and a 200-day simple moving average of $4.18. The firm has a market cap of $157.50 million, a PE ratio of 56.25 and a beta of 0.27. The company has a debt-to-equity ratio of 0.81, a current ratio of 0.90 and a quick ratio of 0.90.

Evolution Petroleum Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Monday, March 16th were paid a $0.12 dividend. The ex-dividend date was Monday, March 16th. This represents a $0.48 annualized dividend and a dividend yield of 10.7%. Evolution Petroleum’s payout ratio is currently 600.08%.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Focus Partners Wealth purchased a new position in shares of Evolution Petroleum in the first quarter worth $70,000. Virtu Financial LLC purchased a new position in shares of Evolution Petroleum in the fourth quarter worth $66,000. Oxford Asset Management LLP purchased a new position in shares of Evolution Petroleum in the fourth quarter worth $56,000. Franklin Resources Inc. purchased a new position in shares of Evolution Petroleum in the third quarter worth $53,000. Finally, Engineers Gate Manager LP purchased a new position in shares of Evolution Petroleum in the fourth quarter worth $52,000. Hedge funds and other institutional investors own 60.07% of the company’s stock.

Evolution Petroleum Company Profile

Evolution Petroleum Corporation (NYSE American: EPM) is an independent oil and natural gas company focused on enhanced oil recovery (EOR) through the use of carbon dioxide. Headquartered in Houston, Texas, the company specializes in acquiring and developing mature hydrocarbon reservoirs that benefit from CO₂ injection to increase production efficiency. Evolution Petroleum’s business model combines property acquisition, reservoir engineering, and CO₂ management to optimize recovery of oil and associated gas.

The company’s primary asset is the Jackson Dome CO₂ field in southwestern Mississippi, where natural carbon dioxide is produced, separated and reinjected into adjacent oil-bearing formations.