Evolution Petroleum Corporation, Inc. (NYSEAMERICAN:EPM) Stock Has Average Target Price of $4.76

Shares of Evolution Petroleum Corporation, Inc. (NYSEAMERICAN:EPM) have been given a consensus rating of “Moderate Buy” by the six research firms that are presently covering the firm, Marketbeat reports. Two research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1 year target price among analysts that have covered the stock in the last year is $4.76.

Several analysts have weighed in on EPM shares. Freedom Broker raised Evolution Petroleum from a “hold” rating to a “buy” rating and set a $4.50 price target on the stock in a report on Tuesday, September 22nd. Northland Securities set a $4.25 price objective on Evolution Petroleum in a report on Thursday, September 17th. Zacks Research upgraded shares of Evolution Petroleum from a “strong sell” rating to a “hold” rating in a research report on Friday, August 28th. Finally, Alliance Global Partners restated a “buy” rating on shares of Evolution Petroleum in a research report on Tuesday, August 25th.

Evolution Petroleum Price Performance

Shares of EPM stock traded up $0.04 on Friday, reaching $3.71. The company’s stock had a trading volume of 257,938 shares, compared to its average volume of 405,151. The company has a market capitalization of $149.03 million, a P/E ratio of -46.38 and a beta of 0.44. Evolution Petroleum has a 12-month low of $3.19 and a 12-month high of $4.99. The stock’s 50 day simple moving average is $3.65 and its 200-day simple moving average is $3.98. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.94.

Evolution Petroleum (NYSEAMERICAN:EPM) last posted its earnings results on Tuesday, September 15th. The energy company reported ($0.02) EPS for the quarter, missing the consensus estimate of $0.01 by ($0.03). Evolution Petroleum had a negative return on equity of 5.41% and a negative net margin of 2.81%. The business had revenue of $24.21 million for the quarter, compared to analysts’ expectations of $23.23 million. As a group, equities analysts predict that Evolution Petroleum will post 0.05 earnings per share for the current fiscal year.

Evolution Petroleum Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Monday, September 21st were paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 12.9%. The ex-dividend date of this dividend was Monday, September 21st. Evolution Petroleum’s payout ratio is currently 600.08%.

Hedge Funds Weigh In On Evolution Petroleum

A number of institutional investors have recently made changes to their positions in EPM. Equitable Holdings Inc. purchased a new stake in shares of Evolution Petroleum during the 2nd quarter valued at $37,000. Kathmere Capital Management LLC bought a new stake in shares of Evolution Petroleum during the 1st quarter worth $51,000. Chancellor Financial Group WB LP purchased a new position in Evolution Petroleum in the second quarter worth $54,000. Wellington Management Group LLP grew its position in Evolution Petroleum by 19.6% in the second quarter. Wellington Management Group LLP now owns 19,783 shares of the energy company’s stock worth $73,000 after acquiring an additional 3,236 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership purchased a new position in Evolution Petroleum in the first quarter worth $75,000. Institutional investors own 60.07% of the company’s stock.

About Evolution Petroleum

Evolution Petroleum Corporation is an independent oil and natural gas company focused on acquiring, developing and managing mature, long-life producing properties in the United States. The company emphasizes assets that can generate stable production and cash flow through improved recovery techniques, operating efficiencies and disciplined capital investment.

Evolution Petroleum is particularly known for its interest in the Delhi Field in northeastern Louisiana, where carbon dioxide enhanced oil recovery is used to increase production from a mature oil reservoir.