Evolution Petroleum (NYSEAMERICAN:EPM) Share Price Crosses Below 50-Day Moving Average – Here’s Why

Shares of Evolution Petroleum Corporation, Inc. (NYSEAMERICAN:EPM) crossed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $4.49 and traded as low as $4.33. Evolution Petroleum shares last traded at $4.34, with a volume of 332,552 shares.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. Northland Securities set a $4.50 target price on shares of Evolution Petroleum in a research report on Wednesday, May 13th. Freedom Capital downgraded shares of Evolution Petroleum from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 20th. One investment analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $4.93.

Evolution Petroleum Trading Up 1.2%

The company’s 50 day moving average price is $4.49 and its 200 day moving average price is $4.20. The company has a market cap of $155.68 million, a price-to-earnings ratio of -39.45 and a beta of 0.24. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.61 and a current ratio of 0.61.

Evolution Petroleum Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be paid a $0.12 dividend. The ex-dividend date is Monday, June 15th. This represents a $0.48 dividend on an annualized basis and a yield of 11.1%. Evolution Petroleum’s dividend payout ratio (DPR) is presently 600.08%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of EPM. Rothschild Wealth LLC acquired a new position in Evolution Petroleum in the 4th quarter valued at $617,000. WealthTrust Axiom LLC grew its stake in Evolution Petroleum by 9.4% in the 4th quarter. WealthTrust Axiom LLC now owns 1,948,657 shares of the energy company’s stock valued at $6,898,000 after buying an additional 166,624 shares during the last quarter. Raymond James Financial Inc. grew its stake in Evolution Petroleum by 30.9% in the 2nd quarter. Raymond James Financial Inc. now owns 468,620 shares of the energy company’s stock valued at $2,203,000 after buying an additional 110,687 shares during the last quarter. UBS Group AG grew its stake in Evolution Petroleum by 23.2% in the 3rd quarter. UBS Group AG now owns 469,692 shares of the energy company’s stock valued at $2,264,000 after buying an additional 88,575 shares during the last quarter. Finally, Castleview Partners LLC acquired a new position in Evolution Petroleum in the 4th quarter valued at $277,000. 60.07% of the stock is currently owned by institutional investors and hedge funds.

Evolution Petroleum Company Profile

Evolution Petroleum Corporation (NYSE American: EPM) is an independent oil and natural gas company focused on enhanced oil recovery (EOR) through the use of carbon dioxide. Headquartered in Houston, Texas, the company specializes in acquiring and developing mature hydrocarbon reservoirs that benefit from CO₂ injection to increase production efficiency. Evolution Petroleum’s business model combines property acquisition, reservoir engineering, and CO₂ management to optimize recovery of oil and associated gas.

The company’s primary asset is the Jackson Dome CO₂ field in southwestern Mississippi, where natural carbon dioxide is produced, separated and reinjected into adjacent oil-bearing formations.