Evolution Petroleum Corporation, Inc. (NYSEAMERICAN:EPM) Stock Rated “Moderate Buy” by Sell-Side Analysts

Evolution Petroleum Corporation, Inc. (NYSEAMERICAN:EPM) has been given a consensus recommendation of “Moderate Buy” by the six brokerages that are covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $4.76.

Several research firms recently commented on EPM. Zacks Research upgraded shares of Evolution Petroleum from a “strong sell” rating to a “hold” rating in a research note on Friday, August 28th. Alliance Global Partners reaffirmed a “buy” rating on shares of Evolution Petroleum in a report on Tuesday, August 25th. Northland Securities set a $4.25 price target on Evolution Petroleum in a report on Thursday, September 17th. Finally, Freedom Broker raised 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, September 22nd.

Hedge Funds Weigh In On Evolution Petroleum

Hedge funds have recently added to or reduced their stakes in the stock. Wellington Management Group LLP increased its stake in Evolution Petroleum by 19.6% in the 2nd quarter. Wellington Management Group LLP now owns 19,783 shares of the energy company’s stock valued at $73,000 after buying an additional 3,236 shares during the period. Equitable Holdings Inc. acquired a new stake in Evolution Petroleum in the second quarter valued at $37,000. Bank of America Corp DE purchased a new position in shares of Evolution Petroleum in the second quarter valued at $235,000. Connor Clark & Lunn Investment Management Ltd. purchased a new position in Evolution Petroleum during the 2nd quarter valued at about $198,000. Finally, Ieq Capital LLC acquired a new stake in shares of Evolution Petroleum during the 2nd quarter worth about $85,000. 60.07% of the stock is currently owned by hedge funds and other institutional investors.

Evolution Petroleum Stock Down 2.0%

Shares of EPM opened at $3.45 on Tuesday. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.94. Evolution Petroleum has a 52-week low of $3.19 and a 52-week high of $5.03. The company has a market cap of $138.59 million, a PE ratio of -43.12 and a beta of 0.25. The business has a fifty day moving average of $3.67 and a 200 day moving average of $4.07.

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

Evolution Petroleum Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Monday, September 21st will be issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 13.9%. The ex-dividend date is Monday, September 21st. Evolution Petroleum’s dividend payout ratio (DPR) is 600.08%.

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.