Evolution Petroleum (NYSE:EPM) Upgraded at StockNews.com

StockNews.com upgraded shares of Evolution Petroleum (NYSE:EPM) to a sell rating in a research report sent to investors on Sunday.

Evolution Petroleum Stock Up 3.5 %

Shares of EPM opened at $5.73 on Friday. The company has a market cap of $190.76 million, a price-to-earnings ratio of 71.57 and a beta of 0.81. The company has a quick ratio of 1.49, a current ratio of 1.37 and a debt-to-equity ratio of 0.49. Evolution Petroleum has a 1 year low of $4.59 and a 1 year high of $7.26.

Evolution Petroleum (NYSE:EPM) last posted its earnings results on Tuesday, September 10th. The company reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.06 by ($0.03). The company had revenue of $21.23 million for 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%. On average, analysts forecast that Evolution Petroleum will post 0.42 EPS for the current year.

Evolution Petroleum Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, September 20th will be issued a dividend of $0.12 per share. The ex-dividend date of this dividend is Friday, September 20th. This represents a $0.48 annualized dividend and a dividend yield of 8.38%. Evolution Petroleum’s dividend payout ratio (DPR) is 600.08%.

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.