BidaskClub downgraded shares of Evolution Petroleum Corp (NYSE:EPM) from a buy rating to a hold rating in a research note released on Tuesday.

Other equities analysts have also issued reports about the company. Zacks Investment Research lowered Evolution Petroleum Corp from a hold rating to a sell rating in a research note on Wednesday, May 24th. Scotiabank set a $10.00 price target on Evolution Petroleum Corp and gave the company a buy rating in a research note on Monday, June 5th. Finally, Roth Capital set a $11.00 price target on Evolution Petroleum Corp and gave the company a buy rating in a research note on Monday, May 22nd. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company. The company presently has a consensus rating of Hold and an average target price of $10.00.

Shares of Evolution Petroleum Corp (NYSE EPM) traded up 1.83% during mid-day trading on Tuesday, hitting $8.35. The stock had a trading volume of 60,204 shares. The stock’s 50-day moving average is $7.93 and its 200-day moving average is $8.12. The firm has a market capitalization of $272.78 million and a PE ratio of 10.61. Evolution Petroleum Corp has a 1-year low of $5.12 and a 1-year high of $10.20.

Evolution Petroleum Corp (NYSE:EPM) last issued its quarterly earnings results on Monday, May 8th. The energy company reported $0.07 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.08 by $0.01. Evolution Petroleum Corp had a net margin of 25.40% and a return on equity of 14.11%. The business had revenue of $9.53 million during the quarter, compared to analyst estimates of $9.65 million. Equities analysts expect that Evolution Petroleum Corp will post $0.27 earnings per share for the current year.

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The firm also recently declared a quarterly dividend, which was paid on Friday, June 30th. Shareholders of record on Thursday, June 15th were paid a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 3.35%. The ex-dividend date of this dividend was Tuesday, June 13th.

A number of institutional investors have recently modified their holdings of EPM. American International Group Inc. raised its position in shares of Evolution Petroleum Corp by 7.1% in the first quarter. American International Group Inc. now owns 15,033 shares of the energy company’s stock valued at $120,000 after buying an additional 999 shares during the period. Nationwide Fund Advisors raised its position in shares of Evolution Petroleum Corp by 14.2% in the first quarter. Nationwide Fund Advisors now owns 15,915 shares of the energy company’s stock valued at $127,000 after buying an additional 1,979 shares during the period. Metropolitan Life Insurance Co. NY raised its position in shares of Evolution Petroleum Corp by 15.1% in the first quarter. Metropolitan Life Insurance Co. NY now owns 20,319 shares of the energy company’s stock valued at $163,000 after buying an additional 2,662 shares during the period. River Road Asset Management LLC raised its position in shares of Evolution Petroleum Corp by 0.5% in the first quarter. River Road Asset Management LLC now owns 589,987 shares of the energy company’s stock valued at $4,720,000 after buying an additional 2,740 shares during the period. Finally, Bank of New York Mellon Corp raised its position in shares of Evolution Petroleum Corp by 1.4% in the first quarter. Bank of New York Mellon Corp now owns 304,514 shares of the energy company’s stock valued at $2,437,000 after buying an additional 4,147 shares during the period.

Evolution Petroleum Corp Company Profile

Evolution Petroleum Corporation is an independent oil and gas company. The Company is engaged in the acquisition, exploitation and development of properties for the production of crude oil and natural gas, onshore in the United States. Its assets include interests in a carbon dioxide (CO2) enhanced oil recovery project (EOR) in Louisiana’s Delhi field.

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