Evolution Petroleum Corporation, Inc. (NYSEAMERICAN:EPM) Receives Average Rating of “Moderate Buy” from Analysts

Shares of Evolution Petroleum Corporation, Inc. (NYSEAMERICAN:EPM) have earned a consensus rating of “Moderate Buy” from the five brokerages that are currently covering the firm, Marketbeat reports. Two research analysts have rated the stock with a hold recommendation, two have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $5.3333.

A number of research analysts recently issued reports on EPM shares. Freedom Capital raised shares of Evolution Petroleum to a “strong-buy” rating in a research report on Tuesday, December 23rd. Zacks Research upgraded Evolution Petroleum from a “strong sell” rating to a “hold” rating in a research report on Tuesday, November 18th. Loop Capital set a $5.30 price target on Evolution Petroleum in a research report on Tuesday, December 23rd. Finally, Roth Mkm assumed coverage on Evolution Petroleum in a report on Thursday, December 4th. They issued a “buy” rating and a $5.00 price target on the stock.

Evolution Petroleum Stock Performance

Shares of EPM opened at $4.69 on Friday. Evolution Petroleum has a 52 week low of $3.19 and a 52 week high of $5.70. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.90 and a current ratio of 0.90. The stock has a 50 day moving average price of $4.07 and a two-hundred day moving average price of $4.32. The firm has a market capitalization of $164.15 million, a P/E ratio of 58.63 and a beta of 0.28.

Evolution Petroleum Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Monday, March 16th will be paid a $0.12 dividend. The ex-dividend date is Monday, March 16th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 10.2%. Evolution Petroleum’s dividend payout ratio is presently 600.08%.

Institutional Investors Weigh In On Evolution Petroleum

A number of hedge funds have recently modified their holdings of the business. Comerica Bank increased its stake in Evolution Petroleum by 894.0% during the third quarter. Comerica Bank now owns 6,908 shares of the energy company’s stock worth $33,000 after acquiring an additional 6,213 shares during the last quarter. StoneX Group Inc. purchased a new stake in Evolution Petroleum in the fourth quarter valued at $36,000. Inscription Capital LLC purchased a new stake in Evolution Petroleum in the fourth quarter valued at approximately $38,000. BNP Paribas Financial Markets grew its holdings in shares of Evolution Petroleum by 163.4% during the third quarter. BNP Paribas Financial Markets now owns 8,194 shares of the energy company’s stock worth $39,000 after buying an additional 5,083 shares during the last quarter. Finally, The Manufacturers Life Insurance Company raised its position in Evolution Petroleum by 20.4% during the 4th quarter. The Manufacturers Life Insurance Company now owns 13,836 shares of the energy company’s stock worth $49,000 after buying an additional 2,340 shares during the last quarter. 60.07% of the stock is currently owned by institutional investors and hedge funds.

About Evolution Petroleum

Evolution Petroleum Corporation (NYSE American: EPM) is an independent oil and natural gas company focused on enhanced oil recovery (EOR) through the use of carbon dioxide. Headquartered in Houston, Texas, the company specializes in acquiring and developing mature hydrocarbon reservoirs that benefit from CO₂ injection to increase production efficiency. Evolution Petroleum’s business model combines property acquisition, reservoir engineering, and CO₂ management to optimize recovery of oil and associated gas.

The company’s primary asset is the Jackson Dome CO₂ field in southwestern Mississippi, where natural carbon dioxide is produced, separated and reinjected into adjacent oil-bearing formations.