Evolution Petroleum (NYSEAMERICAN:EPM) Stock Price Crosses Below Fifty Day Moving Average – Time to Sell?

Evolution Petroleum Corporation, Inc. (NYSEAMERICAN:EPM) passed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $4.51 and traded as low as $4.31. Evolution Petroleum shares last traded at $4.35, with a volume of 255,120 shares changing hands.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. Freedom Capital cut shares of Evolution Petroleum from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 20th. Northland Securities set a $4.50 target price on Evolution Petroleum in a research report on Wednesday, May 13th. One research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $4.93.

Evolution Petroleum Stock Down 0.2%

The business’s fifty day moving average price is $4.50 and its 200 day moving average price is $4.18. The firm has a market capitalization of $155.68 million, a price-to-earnings ratio of -39.45 and a beta of 0.24. The company has a current ratio of 0.61, a quick ratio of 0.61 and a debt-to-equity ratio of 0.97.

Evolution Petroleum Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be given a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 11.1%. The ex-dividend date is Monday, June 15th. Evolution Petroleum’s payout ratio is 600.08%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the stock. The Manufacturers Life Insurance Company raised its position in Evolution Petroleum by 20.4% in the fourth quarter. The Manufacturers Life Insurance Company now owns 13,836 shares of the energy company’s stock worth $49,000 after acquiring an additional 2,340 shares in the last quarter. Vanguard Personalized Indexing Management LLC grew its position in Evolution Petroleum by 10.3% during the third quarter. Vanguard Personalized Indexing Management LLC now owns 25,495 shares of the energy company’s stock worth $123,000 after buying an additional 2,389 shares during the period. Certior Financial Group LLC increased its holdings in Evolution Petroleum by 13.1% in the fourth quarter. Certior Financial Group LLC now owns 30,869 shares of the energy company’s stock valued at $109,000 after buying an additional 3,566 shares in the last quarter. Mercer Global Advisors Inc. ADV lifted its position in shares of Evolution Petroleum by 21.8% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 22,222 shares of the energy company’s stock valued at $79,000 after acquiring an additional 3,983 shares during the period. Finally, BNP Paribas Financial Markets boosted its stake in shares of Evolution Petroleum by 163.4% during the 3rd quarter. BNP Paribas Financial Markets now owns 8,194 shares of the energy company’s stock worth $39,000 after acquiring an additional 5,083 shares in the last quarter. 60.07% of the stock is currently owned by hedge funds and other institutional investors.

About Evolution Petroleum

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.