Evolution Petroleum (NYSEAMERICAN:EPM) Announces Quarterly Earnings Results, Misses Estimates By $0.03 EPS

Evolution Petroleum (NYSEAMERICAN:EPM) released its quarterly earnings results on Tuesday. The energy company reported $0.03 EPS for the quarter, missing the consensus estimate of $0.06 by ($0.03), reports. The firm had revenue of $21.23 million for the quarter, compared to analyst estimates of $24.44 million. Evolution Petroleum had a net margin of 3.64% and a return on equity of 4.19%.

Evolution Petroleum Price Performance

Shares of NYSEAMERICAN EPM traded up $0.23 during trading on Thursday, hitting $5.62. The company had a trading volume of 371,688 shares, compared to its average volume of 310,815. The stock has a market capitalization of $187.48 million, a P/E ratio of 69.76 and a beta of 0.82. Evolution Petroleum has a 52 week low of $4.59 and a 52 week high of $7.98. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.49 and a current ratio of 1.49.

Evolution Petroleum Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, September 20th will be paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 8.54%. The ex-dividend date of this dividend is Friday, September 20th. Evolution Petroleum’s payout ratio is 600.08%.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded Evolution Petroleum to a “sell” rating in a research note on Wednesday.

Institutional Trading of Evolution Petroleum

Institutional investors have recently added to or reduced their stakes in the business. New York State Common Retirement Fund increased its position in shares of Evolution Petroleum by 17.3% during the fourth quarter. New York State Common Retirement Fund now owns 67,666 shares of the energy company’s stock valued at $393,000 after purchasing an additional 10,000 shares during the period. Russell Investments Group Ltd. increased its holdings in Evolution Petroleum by 39.8% in the fourth quarter. Russell Investments Group Ltd. now owns 520,528 shares of the energy company’s stock valued at $3,024,000 after purchasing an additional 148,178 shares during the last quarter. Penn Mutual Asset Management LLC lifted its holdings in Evolution Petroleum by 17.5% during the fourth quarter. Penn Mutual Asset Management LLC now owns 700,053 shares of the energy company’s stock worth $4,067,000 after acquiring an additional 104,299 shares in the last quarter. Register Financial Advisors LLC increased its position in shares of Evolution Petroleum by 71.2% during the first quarter. Register Financial Advisors LLC now owns 276,405 shares of the energy company’s stock worth $1,697,000 after acquiring an additional 114,987 shares in the last quarter. Finally, Principal Financial Group Inc. acquired a new position in shares of Evolution Petroleum during the first quarter worth about $95,000. 60.07% of the stock is currently owned by institutional investors and hedge funds.

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 interests in a CO2 enhanced oil recovery project in Louisiana's Delhi field. Its Delhi Holt-Bryant Unit covers an area of approximately 13,636 acres located in Northeast Louisiana.