Evolution Petroleum (NYSE:EPM) Lifted to “Strong-Buy” at Northland Capmk

Northland Capmk upgraded shares of Evolution Petroleum (NYSE:EPM) to a strong-buy rating in a research note published on Thursday morning, Zacks.com reports.

Separately, StockNews.com upgraded shares of Evolution Petroleum to a “sell” rating in a research report on Sunday, September 15th.

Evolution Petroleum Price Performance

NYSE:EPM opened at $5.26 on Thursday. Evolution Petroleum has a 12 month low of $4.59 and a 12 month high of $6.62. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.37 and a current ratio of 1.37. The firm has a market capitalization of $175.46 million, a P/E ratio of 65.75 and a beta of 0.82.

Evolution Petroleum (NYSE:EPM) last released its quarterly earnings data on Tuesday, September 10th. The company reported $0.03 EPS for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.03). The business had revenue of $21.23 million during the quarter, compared to analysts’ expectations of $24.44 million. Evolution Petroleum had a net margin of 4.75% and a return on equity of 5.39%. As a group, equities research analysts predict that Evolution Petroleum will post 0.42 EPS for the current year.

Evolution Petroleum Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, September 20th were given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 9.13%. The ex-dividend date of this dividend was Friday, September 20th. Evolution Petroleum’s dividend payout ratio (DPR) is currently 600.00%.

Institutional Trading of Evolution Petroleum

Institutional investors and hedge funds have recently made changes to their positions in the company. Creative Planning acquired a new position in Evolution Petroleum during the third quarter worth approximately $53,000. Exchange Traded Concepts LLC acquired a new stake in shares of Evolution Petroleum in the third quarter valued at approximately $297,000. Finally, SG Americas Securities LLC purchased a new position in shares of Evolution Petroleum during the third quarter worth approximately $56,000. 60.07% of the stock is owned by hedge funds and other institutional investors.

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.