Evolution Petroleum Corporation (NYSE:EPM) Given Average Rating of "Moderate Buy" by Brokerages

Shares of Evolution Petroleum Corporation (NYSE:EPM - Get Free Report) have been given a consensus rating of "Moderate Buy" by the five brokerages that are covering the company, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $5.7333.

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A number of research analysts have weighed in on the stock. Roth Capital assumed coverage on shares of Evolution Petroleum in a research report on Thursday. They set a "buy" rating and a $5.00 target price for the company. Zacks Research upgraded Evolution Petroleum from a "strong sell" rating to a "hold" rating in a research note on Tuesday, November 18th.

Read Our Latest Research Report on Evolution Petroleum

Institutional Investors Weigh In On Evolution Petroleum

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Personalized Indexing Management LLC raised its stake in Evolution Petroleum by 10.3% during the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 25,495 shares of the company's stock valued at $123,000 after purchasing an additional 2,389 shares during the last quarter. BNP Paribas Financial Markets grew its position in Evolution Petroleum by 163.4% in the 3rd quarter. BNP Paribas Financial Markets now owns 8,194 shares of the company's stock worth $39,000 after purchasing an additional 5,083 shares during the last quarter. Vanguard Group Inc. increased its holdings in shares of Evolution Petroleum by 0.3% during the 3rd quarter. Vanguard Group Inc. now owns 1,600,822 shares of the company's stock worth $7,716,000 after purchasing an additional 5,101 shares during the period. Raymond James Financial Inc. raised its position in shares of Evolution Petroleum by 1.2% during the third quarter. Raymond James Financial Inc. now owns 474,278 shares of the company's stock valued at $2,286,000 after buying an additional 5,658 shares during the last quarter. Finally, Comerica Bank raised its position in shares of Evolution Petroleum by 894.0% during the third quarter. Comerica Bank now owns 6,908 shares of the company's stock valued at $33,000 after buying an additional 6,213 shares during the last quarter. Institutional investors and hedge funds own 60.07% of the company's stock.

Evolution Petroleum Stock Performance

EPM stock traded up $0.04 during midday trading on Thursday, hitting $4.17. 73,690 shares of the company traded hands, compared to its average volume of 216,719. Evolution Petroleum has a twelve month low of $3.71 and a twelve month high of $5.74. The stock has a market capitalization of $144.66 million, a price-to-earnings ratio of 83.42 and a beta of 0.26. The company has a quick ratio of 1.64, a current ratio of 1.64 and a debt-to-equity ratio of 0.52. The business has a 50 day simple moving average of $4.42 and a 200-day simple moving average of $4.73.

Evolution Petroleum (NYSE:EPM - Get Free Report) last issued its quarterly earnings data on Tuesday, September 16th. The company reported $0.10 earnings per share 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 business earned $0.03 earnings per share. As a group, equities research analysts predict that Evolution Petroleum will post 0.1 earnings per share for the current year.

Evolution Petroleum Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Monday, September 22nd were issued a dividend of $0.12 per share. The ex-dividend date was Monday, September 22nd. This represents a $0.48 dividend on an annualized basis and a dividend yield of 11.5%. Evolution Petroleum's payout ratio is -4,800.00%.

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.

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