Evolution Petroleum (NYSE:EPM) Stock Rating Upgraded by StockNews.com

StockNews.com upgraded shares of Evolution Petroleum (NYSE:EPM) from a sell rating to a hold rating in a research report report published on Monday morning.

EPM has been the topic of several other reports. Alliance Global Partners started coverage on Evolution Petroleum in a research report on Wednesday, May 7th. They set a “buy” rating and a $5.70 price objective on the stock. Northland Capmk lowered Evolution Petroleum from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, April 23rd. Finally, Northland Securities reduced their price objective on Evolution Petroleum from $7.00 to $6.50 and set an “outperform” rating on the stock in a research report on Thursday, February 6th.

Evolution Petroleum Price Performance

Shares of Evolution Petroleum stock opened at $4.45 on Monday. The company has a current ratio of 1.64, a quick ratio of 1.64 and a debt-to-equity ratio of 0.52. The firm has a market capitalization of $152.67 million, a PE ratio of 89.02 and a beta of 0.49. The business’s 50-day moving average price is $4.55 and its 200-day moving average price is $5.09. Evolution Petroleum has a 12 month low of $4.05 and a 12 month high of $6.14.

Evolution Petroleum Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 13th will be given a dividend of $0.12 per share. The ex-dividend date is Friday, June 13th. This represents a $0.48 annualized dividend and a dividend yield of 10.79%. Evolution Petroleum’s dividend payout ratio (DPR) is presently -1,600.00%.

Institutional Investors Weigh In On Evolution Petroleum

Institutional investors have recently bought and sold shares of the stock. Quarry LP purchased a new stake in Evolution Petroleum during the 4th quarter valued at about $40,000. Chancellor Financial Group WB LP purchased a new stake in Evolution Petroleum during the 4th quarter valued at about $58,000. Legal & General Group Plc boosted its holdings in Evolution Petroleum by 56.7% during the 4th quarter. Legal & General Group Plc now owns 12,088 shares of the company’s stock valued at $63,000 after acquiring an additional 4,375 shares during the period. Price T Rowe Associates Inc. MD purchased a new stake in Evolution Petroleum during the 4th quarter valued at about $65,000. Finally, Intech Investment Management LLC purchased a new stake in Evolution Petroleum during the 4th quarter valued at about $68,000. 60.07% of the stock is currently owned by hedge funds and other institutional investors.

About Evolution Petroleum

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.