Shares of Evolution Petroleum Corp (NYSEAMERICAN:EPM) have been assigned a consensus recommendation of “Buy” from the six ratings firms that are covering the stock, MarketBeat.com reports. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $9.30.
Several equities analysts have recently commented on the stock. UBS Group upgraded shares of Evolution Petroleum from a “neutral” rating to a “buy” rating in a research report on Monday, September 17th. Roth Capital restated a “neutral” rating and set a $8.50 price target on shares of Evolution Petroleum in a research report on Monday, July 23rd. Zacks Investment Research lowered shares of Evolution Petroleum from a “hold” rating to a “sell” rating in a research report on Monday, September 24th. Finally, Johnson Rice lowered shares of Evolution Petroleum from an “accumulate” rating to a “hold” rating and set a $10.00 price target for the company. in a research report on Wednesday, August 15th.
EPM stock opened at $9.40 on Friday. Evolution Petroleum has a 1-year low of $6.35 and a 1-year high of $12.83.
Evolution Petroleum (NYSEAMERICAN:EPM) last released its earnings results on Friday, September 7th. The energy company reported $0.14 earnings per share for the quarter, beating the consensus estimate of $0.13 by $0.01. The business had revenue of $11.43 million for the quarter, compared to the consensus estimate of $11.42 million.
The company also recently declared a quarterly dividend, which will be paid on Monday, December 31st. Stockholders of record on Friday, December 14th will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Thursday, December 13th. This represents a $0.40 annualized dividend and a dividend yield of 4.26%.
In related news, major shareholder Advisors L.L.C. Jvl sold 68,914 shares of the stock in a transaction dated Wednesday, September 12th. The shares were sold at an average price of $10.07, for a total value of $693,963.98. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO David Joe sold 4,306 shares of the stock in a transaction dated Tuesday, October 9th. The shares were sold at an average price of $12.58, for a total transaction of $54,169.48. Following the completion of the transaction, the chief financial officer now owns 288,448 shares of the company’s stock, valued at approximately $3,628,675.84. The disclosure for this sale can be found here. Insiders have sold 286,336 shares of company stock valued at $3,038,743 in the last 90 days.
A number of institutional investors and hedge funds have recently made changes to their positions in EPM. Raymond James Financial Services Advisors Inc. bought a new position in Evolution Petroleum in the 2nd quarter valued at about $105,000. Meeder Asset Management Inc. grew its position in Evolution Petroleum by 615.7% in the 2nd quarter. Meeder Asset Management Inc. now owns 12,690 shares of the energy company’s stock valued at $125,000 after buying an additional 10,917 shares in the last quarter. MetLife Investment Advisors LLC bought a new position in Evolution Petroleum in the 2nd quarter valued at about $135,000. Engineers Gate Manager LP bought a new position in Evolution Petroleum in the 3rd quarter valued at about $169,000. Finally, Spark Investment Management LLC bought a new position in Evolution Petroleum in the 2nd quarter valued at about $172,000.
Evolution Petroleum Company Profile
Evolution Petroleum Corporation, an oil and gas company, engages in the development, production, ownership, and management of oil and gas properties in the United States. The company primarily holds interests in a CO2 enhanced oil recovery project in Louisiana's Delhi field. Its Delhi Holt-Bryant Unit covers an area of 13,636 acres located in Northeast Louisiana.
Read More: What is a Fiduciary?
Receive News & Ratings for Evolution Petroleum Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Evolution Petroleum and related companies with MarketBeat.com's FREE daily email newsletter.