Shares of Evolution Petroleum Corp (NYSEAMERICAN:EPM) have earned a consensus rating of “Hold” from the six analysts that are currently covering the firm, Marketbeat reports. Four analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $8.88.

Several equities research analysts have recently commented on the company. Zacks Investment Research upgraded Evolution Petroleum from a “hold” rating to a “buy” rating and set a $13.00 price objective for the company in a research note on Wednesday, July 11th. Johnson Rice downgraded shares of Evolution Petroleum from an “accumulate” rating to a “hold” rating and set a $10.00 target price for the company. in a report on Wednesday, August 15th. Roth Capital reaffirmed a “neutral” rating and issued a $8.50 target price on shares of Evolution Petroleum in a report on Monday, July 23rd. Finally, UBS Group raised shares of Evolution Petroleum from a “neutral” rating to a “buy” rating in a report on Monday, September 17th.

Shares of EPM opened at $11.20 on Friday. Evolution Petroleum has a 1-year low of $6.35 and a 1-year high of $12.00.

Evolution Petroleum (NYSEAMERICAN:EPM) last announced its earnings results on Friday, September 7th. The energy company reported $0.14 earnings per share for the quarter, beating analysts’ consensus estimates of $0.13 by $0.01. The business had revenue of $11.43 million during the quarter, compared to analyst estimates of $11.42 million. Evolution Petroleum had a net margin of 35.03% and a return on equity of 21.51%.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 28th. Investors of record on Friday, September 14th will be given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 3.57%. The ex-dividend date is Thursday, September 13th.

In other news, CFO David Joe sold 12,352 shares of the firm’s stock in a transaction that occurred on Tuesday, July 10th. The shares were sold at an average price of $12.00, for a total transaction of $148,224.00. Following the transaction, the chief financial officer now directly owns 265,238 shares of the company’s stock, valued at $3,182,856. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, major shareholder Advisors L.L.C. Jvl sold 256,231 shares of the firm’s stock in a transaction that occurred on Wednesday, June 27th. The stock was sold at an average price of $10.18, for a total transaction of $2,608,431.58. The disclosure for this sale can be found here. Insiders sold a total of 644,229 shares of company stock worth $6,623,769 over the last three months.

Large investors have recently modified their holdings of the company. Spark Investment Management LLC purchased a new position in Evolution Petroleum during the second quarter valued at approximately $172,000. Millennium Management LLC increased its holdings in Evolution Petroleum by 92.8% during the first quarter. Millennium Management LLC now owns 99,058 shares of the energy company’s stock valued at $797,000 after buying an additional 47,687 shares during the period. Raymond James Financial Services Advisors Inc. purchased a new position in Evolution Petroleum during the second quarter valued at approximately $105,000. Dupont Capital Management Corp increased its holdings in Evolution Petroleum by 10.7% during the second quarter. Dupont Capital Management Corp now owns 107,143 shares of the energy company’s stock valued at $1,055,000 after buying an additional 10,343 shares during the period. Finally, American Century Companies Inc. acquired a new stake in Evolution Petroleum in the first quarter valued at approximately $340,000.

Evolution Petroleum Company Profile

Evolution Petroleum Corporation, an oil and gas company, engages in the development, production, ownership, and management of oil and gas properties in the United States. The company primarily holds interests in a CO2 enhanced oil recovery project in Louisiana's Delhi field. Its Delhi Holt-Bryant Unit covers an area of 13,636 acres located in Northeast Louisiana.

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Analyst Recommendations for Evolution Petroleum (NYSEAMERICAN:EPM)

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