Evolution Petroleum (NYSE:EPM) Downgraded to “Hold” Rating by Northland Capmk

Northland Capmk downgraded shares of Evolution Petroleum (NYSE:EPM) from a strong-buy rating to a hold rating in a research report released on Wednesday morning,Zacks.com reports.

Several other analysts have also commented on EPM. StockNews.com lowered Evolution Petroleum from a “hold” rating to a “sell” rating in a report on Friday, February 7th. Northland Securities decreased their target price on Evolution Petroleum from $7.00 to $6.50 and set an “outperform” rating on the stock in a research report on Thursday, February 6th.

Evolution Petroleum Price Performance

NYSE:EPM opened at $4.24 on Wednesday. The company has a quick ratio of 1.64, a current ratio of 1.64 and a debt-to-equity ratio of 0.52. Evolution Petroleum has a 52 week low of $4.10 and a 52 week high of $6.14. The stock’s 50-day moving average price is $4.77 and its 200-day moving average price is $5.21. The stock has a market capitalization of $145.24 million, a PE ratio of 84.82 and a beta of 0.51.

Evolution Petroleum Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were issued a dividend of $0.12 per share. The ex-dividend date was Friday, March 14th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 11.32%. Evolution Petroleum’s payout ratio is currently 960.00%.

Institutional Trading of Evolution Petroleum

A number of institutional investors have recently made changes to their positions in the company. State Street Corp lifted its holdings in Evolution Petroleum by 1.0% in the 3rd quarter. State Street Corp now owns 665,239 shares of the company’s stock valued at $3,532,000 after purchasing an additional 6,675 shares in the last quarter. Barclays PLC raised its position in shares of Evolution Petroleum by 275.4% in the third quarter. Barclays PLC now owns 45,331 shares of the company’s stock valued at $242,000 after buying an additional 33,256 shares during the last quarter. CWA Asset Management Group LLC lifted its stake in shares of Evolution Petroleum by 9.7% in the fourth quarter. CWA Asset Management Group LLC now owns 234,562 shares of the company’s stock worth $1,227,000 after buying an additional 20,692 shares in the last quarter. SG Americas Securities LLC boosted its position in Evolution Petroleum by 25.1% during the fourth quarter. SG Americas Securities LLC now owns 13,223 shares of the company’s stock worth $69,000 after acquiring an additional 2,650 shares during the last quarter. Finally, Register Financial Advisors LLC grew its stake in Evolution Petroleum by 0.8% during the 4th quarter. Register Financial Advisors LLC now owns 289,902 shares of the company’s stock valued at $1,516,000 after acquiring an additional 2,303 shares in the last quarter. 60.07% of the stock is owned by institutional investors and hedge funds.

Evolution Petroleum Company Profile

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.