Evolution Petroleum (NYSEAMERICAN:EPM) Trading 0.2% Higher – Here’s Why

Evolution Petroleum Co. (NYSEAMERICAN:EPM)’s share price traded up 0.2% during mid-day trading on Wednesday . The company traded as high as $5.94 and last traded at $5.91. 249,411 shares were traded during mid-day trading, a decline of 14% from the average session volume of 291,672 shares. The stock had previously closed at $5.90.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded shares of Evolution Petroleum to a “sell” rating in a research report on Wednesday, September 11th.

Evolution Petroleum Stock Performance

The company has a quick ratio of 1.49, a current ratio of 1.49 and a debt-to-equity ratio of 0.51. The company has a market cap of $197.16 million, a PE ratio of 73.88 and a beta of 0.81.

Evolution Petroleum (NYSEAMERICAN:EPM) last issued its quarterly earnings results on Tuesday, September 10th. The energy company reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.03). The business had revenue of $21.23 million for the quarter, compared to the consensus estimate of $24.44 million. Evolution Petroleum had a net margin of 4.75% and a return on equity of 5.30%. On average, equities analysts expect that Evolution Petroleum Co. will post 0.42 EPS for the current fiscal year.

Evolution Petroleum Announces Dividend

The business also recently disclosed 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 annualized dividend and a dividend yield of 8.12%. The ex-dividend date of this dividend was Friday, September 20th. Evolution Petroleum’s dividend payout ratio (DPR) is currently 600.08%.

Institutional Investors Weigh In On Evolution Petroleum

A number of large investors have recently added to or reduced their stakes in EPM. Sanctuary Advisors LLC purchased a new position in shares of Evolution Petroleum in the second quarter worth about $179,000. Rhumbline Advisers grew its position in Evolution Petroleum by 10.0% during the 2nd quarter. Rhumbline Advisers now owns 47,523 shares of the energy company’s stock worth $250,000 after acquiring an additional 4,310 shares during the last quarter. Sequoia Financial Advisors LLC bought a new stake in Evolution Petroleum in the second quarter valued at approximately $305,000. Janney Montgomery Scott LLC boosted its stake in shares of Evolution Petroleum by 10.1% during the first quarter. Janney Montgomery Scott LLC now owns 55,472 shares of the energy company’s stock valued at $341,000 after purchasing an additional 5,084 shares during the period. Finally, O Shaughnessy Asset Management LLC grew its holdings in shares of Evolution Petroleum by 40.1% in the first quarter. O Shaughnessy Asset Management LLC now owns 69,315 shares of the energy company’s stock worth $426,000 after purchasing an additional 19,855 shares during the last quarter. 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 interests in a CO2 enhanced oil recovery project in Louisiana's Delhi field. Its Delhi Holt-Bryant Unit covers an area of approximately 13,636 acres located in Northeast Louisiana.