Evolution Petroleum (NYSE:EPM) Raised to Strong-Buy at Northland Capmk

Northland Capmk upgraded shares of Evolution Petroleum (NYSE:EPM - Free Report) to a strong-buy rating in a research note published on Thursday, Zacks.com reports.

Separately, StockNews.com raised Evolution Petroleum to a "sell" rating in a research note on Sunday, September 15th.

Evolution Petroleum Stock Performance

Shares of EPM traded down $0.17 on Thursday, reaching $5.27. 185,418 shares of the stock traded hands, compared to its average volume of 299,250. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 0.49. The stock has a market cap of $175.80 million, a PE ratio of 66.00 and a beta of 0.82. Evolution Petroleum has a 12 month low of $4.59 and a 12 month high of $6.62.

Evolution Petroleum (NYSE:EPM - Get Free Report) last announced its quarterly earnings results on Tuesday, September 10th. The company reported $0.03 EPS for the quarter, missing the consensus estimate of $0.06 by ($0.03). The company had revenue of $21.23 million during the quarter, compared to analyst estimates of $24.44 million. Evolution Petroleum had a net margin of 4.75% and a return on equity of 5.39%. Sell-side analysts forecast that Evolution Petroleum will post 0.42 EPS for the current year.

Evolution Petroleum Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, September 20th were paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 9.11%. The ex-dividend date was Friday, September 20th. Evolution Petroleum's dividend payout ratio is currently 600.00%.

Hedge Funds Weigh In On Evolution Petroleum

Large investors have recently made changes to their positions in the company. Creative Planning bought a new position in Evolution Petroleum in the third quarter valued at about $53,000. SG Americas Securities LLC bought a new position in Evolution Petroleum in the third quarter valued at about $56,000. Finally, Exchange Traded Concepts LLC bought a new position in Evolution Petroleum in the third quarter valued at about $297,000. Institutional investors and hedge funds 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 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.