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

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

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

Evolution Petroleum Trading Down 3.3 %

Shares of EPM opened at $5.26 on Thursday. The stock has a market cap of $175.46 million, a price-to-earnings ratio of 65.75 and a beta of 0.82. Evolution Petroleum has a 1-year low of $4.59 and a 1-year high of $6.62. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.49.

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

Evolution Petroleum Announces Dividend

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

Hedge Funds Weigh In On Evolution Petroleum

Several institutional investors have recently modified their holdings of the business. Creative Planning acquired a new stake in shares of Evolution Petroleum in the third quarter valued at $53,000. Exchange Traded Concepts LLC acquired a new stake in Evolution Petroleum in the 3rd quarter valued at about $297,000. Finally, SG Americas Securities LLC purchased a new position in shares of Evolution Petroleum in the 3rd quarter valued at about $56,000. Institutional investors and hedge funds own 60.07% of the company’s stock.

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.