Evolution Petroleum (NYSE:EPM) Research Coverage Started at Roth Capital

Roth Capital began coverage on shares of Evolution Petroleum (NYSE:EPM) in a report published on Thursday morning, MarketBeat reports. The brokerage issued a buy rating and a $5.00 price objective on the stock.

Separately, Zacks Research upgraded shares of Evolution Petroleum from a “strong sell” rating to a “hold” rating in a research note on Tuesday, November 18th. Three investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $5.73.

Evolution Petroleum Price Performance

Shares of EPM stock opened at $4.21 on Thursday. Evolution Petroleum has a fifty-two week low of $3.71 and a fifty-two week high of $5.74. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.64 and a current ratio of 1.64. The firm has a market capitalization of $146.05 million, a price-to-earnings ratio of 84.22 and a beta of 0.26. The stock’s 50-day simple moving average is $4.39 and its 200-day simple moving average is $4.73.

Evolution Petroleum (NYSE:EPM) last released its earnings results on Tuesday, September 16th. The company reported $0.10 EPS for the quarter, topping analysts’ consensus estimates of $0.01 by $0.09. Evolution Petroleum had a net margin of 2.04% and a return on equity of 2.42%. During the same period in the previous year, the firm posted $0.03 earnings per share. As a group, equities analysts forecast that Evolution Petroleum will post 0.1 earnings per share for the current fiscal year.

Evolution Petroleum Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Monday, September 22nd were given a $0.12 dividend. The ex-dividend date was Monday, September 22nd. This represents a $0.48 dividend on an annualized basis and a yield of 11.4%. Evolution Petroleum’s dividend payout ratio is currently -4,800.00%.

Institutional Trading of Evolution Petroleum

Several institutional investors and hedge funds have recently bought and sold shares of the business. Nuveen LLC purchased a new stake in shares of Evolution Petroleum in the 1st quarter valued at $317,000. Russell Investments Group Ltd. raised its holdings in shares of Evolution Petroleum by 22.5% during the first quarter. Russell Investments Group Ltd. now owns 670,155 shares of the company’s stock worth $3,471,000 after purchasing an additional 123,277 shares during the last quarter. Ethic Inc. lifted its position in Evolution Petroleum by 10.2% during the first quarter. Ethic Inc. now owns 140,200 shares of the company’s stock valued at $718,000 after purchasing an additional 12,937 shares during the period. American Century Companies Inc. boosted its holdings in Evolution Petroleum by 19.0% in the first quarter. American Century Companies Inc. now owns 749,442 shares of the company’s stock valued at $3,882,000 after purchasing an additional 119,746 shares during the last quarter. Finally, WealthTrust Axiom LLC grew its position in Evolution Petroleum by 1.7% during the 1st quarter. WealthTrust Axiom LLC now owns 1,767,188 shares of the company’s stock worth $9,154,000 after purchasing an additional 29,321 shares during the period. 60.07% of the stock is currently owned by institutional investors and hedge funds.

About Evolution Petroleum

Evolution Petroleum Corporation, an energy company, engages in the development, production, ownership, and exploitation of onshore oil and gas properties in the United States. The company holds a non-operated interests in the SCOOP and STACK plays located in Central Oklahoma; the Chaveroo Field situated in Chaves and Roosevelt Counties, New Mexico; the Jonah Field located in Sublette County, Wyoming; the Williston Basin situated in Williston, North Dakota; the Barnett Shale field located in North Texas; the Hamilton Dome situated in Hot Springs County, Wyoming; and the Delhi Field, an onshore CO2-EOR project located in northeast Louisiana in Franklin, Madison, and Richland Parishes, as well as small overriding royalty interests in four onshore central Texas wells.