Evolution Petroleum (NYSE:EPM) Upgraded to Hold at Northland Capmk

Northland Capmk upgraded shares of Evolution Petroleum (NYSE:EPM) to a hold rating in a research note issued to investors on Tuesday,Zacks.com reports.

Several other equities analysts have also recently issued reports on EPM. Alliance Global Partners assumed coverage on shares of Evolution Petroleum in a research note on Wednesday, May 7th. They issued a “buy” rating and a $5.70 target price for the company. StockNews.com upgraded shares of Evolution Petroleum from a “sell” rating to a “hold” rating in a research note on Monday. Finally, Northland Securities decreased their target price on shares of Evolution Petroleum from $7.00 to $6.50 and set an “outperform” rating for the company in a research note on Thursday, February 6th.

Evolution Petroleum Stock Performance

Shares of NYSE EPM opened at $4.36 on Tuesday. The company has a current ratio of 1.64, a quick ratio of 1.64 and a debt-to-equity ratio of 0.52. Evolution Petroleum has a 12 month low of $4.05 and a 12 month high of $6.14. The company has a 50 day simple moving average of $4.54 and a two-hundred day simple moving average of $5.09. The stock has a market cap of $149.58 million, a price-to-earnings ratio of 87.22 and a beta of 0.49.

Evolution Petroleum Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 13th will be given a $0.12 dividend. The ex-dividend date is Friday, June 13th. This represents a $0.48 dividend on an annualized basis and a yield of 11.01%. Evolution Petroleum’s payout ratio is currently -1,600.00%.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Raymond James Financial Inc. acquired a new position in Evolution Petroleum in the fourth quarter valued at about $1,477,000. Dimensional Fund Advisors LP lifted its position in Evolution Petroleum by 6.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,510,454 shares of the company’s stock valued at $7,899,000 after buying an additional 89,697 shares during the last quarter. Proficio Capital Partners LLC acquired a new position in Evolution Petroleum in the fourth quarter valued at about $113,000. American Century Companies Inc. lifted its position in Evolution Petroleum by 31.0% in the fourth quarter. American Century Companies Inc. now owns 629,696 shares of the company’s stock valued at $3,293,000 after buying an additional 149,130 shares during the last quarter. Finally, Victory Capital Management Inc. lifted its position in Evolution Petroleum by 166.4% in the fourth quarter. Victory Capital Management Inc. now owns 33,451 shares of the company’s stock valued at $175,000 after buying an additional 20,894 shares during the last quarter. Institutional investors and hedge funds own 60.07% of the company’s stock.

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.