Evolution Petroleum Corp (NYSE:EPM) has been assigned an average rating of “Buy” from the seven brokerages that are presently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, one has given a hold recommendation and five have assigned a buy recommendation to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $10.33.

A number of analysts recently weighed in on the company. BidaskClub upgraded Evolution Petroleum Corp from a “hold” rating to a “buy” rating in a research note on Thursday, July 6th. Scotiabank set a $10.00 price target on Evolution Petroleum Corp and gave the company a “buy” rating in a research note on Monday, June 5th. Zacks Investment Research downgraded Evolution Petroleum Corp from a “buy” rating to a “hold” rating in a research note on Monday, May 1st. Finally, Roth Capital set a $11.00 price target on Evolution Petroleum Corp and gave the company a “buy” rating in a research note on Monday, May 22nd.

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Shares of Evolution Petroleum Corp (NYSE EPM) traded up 1.81% on Tuesday, hitting $8.45. The stock had a trading volume of 103,803 shares. The company has a market cap of $276.04 million and a price-to-earnings ratio of 10.74. Evolution Petroleum Corp has a one year low of $5.12 and a one year high of $10.20. The firm’s 50-day moving average is $7.74 and its 200-day moving average is $8.32.

Evolution Petroleum Corp (NYSE:EPM) last posted its quarterly earnings results on Monday, May 8th. The energy company reported $0.07 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.08 by $0.01. Evolution Petroleum Corp had a net margin of 25.40% and a return on equity of 14.11%. The business had revenue of $9.53 million during the quarter, compared to analysts’ expectations of $9.65 million. On average, analysts expect that Evolution Petroleum Corp will post $0.29 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 30th. Investors of record on Thursday, June 15th were issued a dividend of $0.07 per share. The ex-dividend date was Tuesday, June 13th. This represents a $0.28 annualized dividend and a yield of 3.31%.

Institutional investors have recently modified their holdings of the company. Vanguard Group Inc. boosted its position in shares of Evolution Petroleum Corp by 2.3% in the first quarter. Vanguard Group Inc. now owns 1,187,925 shares of the energy company’s stock valued at $9,503,000 after buying an additional 26,421 shares in the last quarter. Renaissance Technologies LLC boosted its position in shares of Evolution Petroleum Corp by 21.0% in the fourth quarter. Renaissance Technologies LLC now owns 913,200 shares of the energy company’s stock valued at $9,132,000 after buying an additional 158,700 shares in the last quarter. River Road Asset Management LLC boosted its position in shares of Evolution Petroleum Corp by 0.5% in the first quarter. River Road Asset Management LLC now owns 589,987 shares of the energy company’s stock valued at $4,720,000 after buying an additional 2,740 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Evolution Petroleum Corp by 8.3% in the first quarter. Dimensional Fund Advisors LP now owns 404,301 shares of the energy company’s stock valued at $3,234,000 after buying an additional 31,006 shares in the last quarter. Finally, State Street Corp boosted its position in shares of Evolution Petroleum Corp by 24.1% in the fourth quarter. State Street Corp now owns 358,184 shares of the energy company’s stock valued at $3,582,000 after buying an additional 69,626 shares in the last quarter.

About Evolution Petroleum Corp

Evolution Petroleum Corporation is an independent oil and gas company. The Company is engaged in the acquisition, exploitation and development of properties for the production of crude oil and natural gas, onshore in the United States. Its assets include interests in a carbon dioxide (CO2) enhanced oil recovery project (EOR) in Louisiana’s Delhi field.

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