Evolution Petroleum (NYSE:EPM) Upgraded by StockNews.com to “Hold” Rating

StockNews.com upgraded shares of Evolution Petroleum (NYSE:EPM) from a sell rating to a hold rating in a report issued on Monday morning.

A number of other research analysts have also recently commented on EPM. Alliance Global Partners began coverage on Evolution Petroleum in a research report on Wednesday, May 7th. They set a “buy” rating and a $5.70 price target on the stock. Northland Securities dropped their price target 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. Finally, Northland Capmk cut Evolution Petroleum from a “strong-buy” rating to a “hold” rating in a report on Wednesday, April 23rd.

Evolution Petroleum Stock Down 1.1%

Shares of NYSE EPM opened at $4.45 on Monday. Evolution Petroleum has a one year low of $4.05 and a one year high of $6.14. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.64 and a quick ratio of 1.64. The business’s fifty day moving average price is $4.55 and its 200-day moving average price is $5.09. The stock has a market capitalization of $152.67 million, a PE ratio of 89.02 and a beta of 0.49.

Evolution Petroleum Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 13th will be issued a dividend of $0.12 per share. The ex-dividend date is Friday, June 13th. This represents a $0.48 dividend on an annualized basis and a yield of 10.79%. Evolution Petroleum’s dividend payout ratio (DPR) is -1,600.00%.

Institutional Trading of Evolution Petroleum

A number of institutional investors have recently added to or reduced their stakes in EPM. Quarry LP purchased a new stake in Evolution Petroleum during the 4th quarter worth about $40,000. Chancellor Financial Group WB LP purchased a new stake in Evolution Petroleum during the 4th quarter worth about $58,000. Legal & General Group Plc lifted its holdings in Evolution Petroleum by 56.7% during the 4th quarter. Legal & General Group Plc now owns 12,088 shares of the company’s stock worth $63,000 after purchasing an additional 4,375 shares in the last quarter. Price T Rowe Associates Inc. MD bought a new position in Evolution Petroleum in the 4th quarter worth about $65,000. Finally, Intech Investment Management LLC bought a new position in Evolution Petroleum in the 4th quarter worth about $68,000. Hedge funds and other institutional investors own 60.07% of the company’s stock.

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.