Evolution Petroleum Corporation, Inc. (NYSEAMERICAN:EPM) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of Evolution Petroleum Corporation, Inc. (NYSEAMERICAN:EPM) have received a consensus recommendation of “Moderate Buy” from the six analysts that are currently covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $4.7625.

EPM has been the subject of a number of research reports. Freedom Broker upgraded Evolution Petroleum from a “hold” rating to a “buy” rating and set a $4.50 target price for the company in a report on Tuesday. Alliance Global Partners reissued a “buy” rating on shares of Evolution Petroleum in a research report on Tuesday, August 25th. Zacks Research upgraded shares of Evolution Petroleum from a “strong sell” rating to a “hold” rating in a report on Friday, August 28th. Finally, Northland Securities set a $4.25 price target on Evolution Petroleum in a report on Thursday, September 17th.

Evolution Petroleum Trading Up 3.8%

Shares of NYSEAMERICAN EPM traded up $0.14 during trading on Tuesday, hitting $3.69. 391,144 shares of the company traded hands, compared to its average volume of 436,526. The firm has a market capitalization of $148.43 million, a P/E ratio of -46.17 and a beta of 0.25. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.94. The company has a 50-day moving average price of $3.69 and a 200-day moving average price of $4.11. Evolution Petroleum has a 1 year low of $3.19 and a 1 year high of $5.10.

Evolution Petroleum (NYSEAMERICAN:EPM) last issued its earnings results on Tuesday, September 15th. The energy company reported ($0.02) earnings per share for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.03). Evolution Petroleum had a negative net margin of 2.81% and a negative return on equity of 5.41%. The firm had revenue of $24.21 million during the quarter, compared to analyst estimates of $23.23 million. On average, equities analysts predict that Evolution Petroleum will post 0.05 EPS for the current year.

Evolution Petroleum Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Monday, September 21st will be paid a $0.12 dividend. The ex-dividend date is Monday, September 21st. This represents a $0.48 dividend on an annualized basis and a dividend yield of 13.0%. Evolution Petroleum’s dividend payout ratio (DPR) is 600.08%.

Hedge Funds Weigh In On Evolution Petroleum

Hedge funds and other institutional investors have recently bought and sold shares of the stock. BlackRock Inc. bought a new stake in Evolution Petroleum during the second quarter worth approximately $8,894,000. WealthTrust Axiom LLC raised its position in shares of Evolution Petroleum by 9.4% in the fourth quarter. WealthTrust Axiom LLC now owns 1,948,657 shares of the energy company’s stock valued at $6,898,000 after purchasing an additional 166,624 shares during the period. Bank of New York Mellon Corp acquired a new stake in shares of Evolution Petroleum in the second quarter worth $312,000. Bank of America Corp DE bought a new stake in shares of Evolution Petroleum during the 2nd quarter worth $235,000. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new position in Evolution Petroleum in the 2nd quarter worth $198,000. 60.07% of the stock is owned by institutional investors and hedge funds.

Evolution Petroleum Company Profile

Evolution Petroleum Corporation is an independent energy company engaged in the acquisition, development, and operation of oil and natural gas properties. The company focuses primarily on mature, long-life assets in the United States, with an emphasis on properties that can benefit from enhanced oil recovery, operational improvements, and additional development.

Evolution Petroleum’s flagship asset is its interest in the Delhi Field in northeastern Louisiana, where carbon dioxide is used in a miscible flood program to increase oil recovery from an established reservoir.