Evolution Petroleum (NYSE:EPM) Price Target Cut to $6.50 by Analysts at Northland Securities

Evolution Petroleum (NYSE:EPM) had its price target decreased by Northland Securities from $7.00 to $6.50 in a research note issued to investors on Thursday,Benzinga reports. Northland Securities currently has an outperform rating on the stock.

Several other equities analysts have also recently weighed in on the company. Northland Capmk upgraded Evolution Petroleum to a “strong-buy” rating in a report on Thursday, October 17th. StockNews.com raised shares of Evolution Petroleum from a “sell” rating to a “hold” rating in a report on Wednesday, November 27th.

Evolution Petroleum Stock Down 2.4 %

EPM opened at $5.25 on Thursday. The company has a market cap of $176.40 million, a P/E ratio of 48.27 and a beta of 0.87. The firm’s 50-day moving average is $5.41. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.69 and a quick ratio of 1.69. Evolution Petroleum has a 52 week low of $4.59 and a 52 week high of $6.28.

Evolution Petroleum Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 13th were issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 9.14%. The ex-dividend date was Friday, December 13th. Evolution Petroleum’s payout ratio is 342.88%.

Institutional Investors Weigh In On Evolution Petroleum

Several large investors have recently added to or reduced their stakes in EPM. Creative Planning bought a new position in shares of Evolution Petroleum during the 3rd quarter valued at approximately $53,000. SG Americas Securities LLC bought a new position in Evolution Petroleum during the third quarter valued at $56,000. Wellington Management Group LLP bought a new position in Evolution Petroleum during the third quarter valued at $63,000. Caprock Group LLC purchased a new stake in shares of Evolution Petroleum in the third quarter valued at $71,000. Finally, Dynamic Technology Lab Private Ltd bought a new stake in shares of Evolution Petroleum in the 3rd quarter worth about $105,000. 60.07% of the stock is owned by 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.