Evolution Petroleum (NYSEAMERICAN:EPM) Announces Earnings Results

Evolution Petroleum (NYSEAMERICAN:EPM) issued its quarterly earnings results on Tuesday. The energy company reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.06 by ($0.03), reports. Evolution Petroleum had a return on equity of 5.30% and a net margin of 4.75%. The company had revenue of $21.23 million for the quarter, compared to analyst estimates of $24.44 million.

Evolution Petroleum Stock Down 3.2 %

Shares of Evolution Petroleum stock traded down $0.18 during trading on Friday, hitting $5.44. 274,875 shares of the stock were exchanged, compared to its average volume of 310,612. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.49 and a quick ratio of 1.49. Evolution Petroleum has a 1-year low of $4.59 and a 1-year high of $7.26. The firm has a market capitalization of $181.48 million, a PE ratio of 70.26 and a beta of 0.81.

Evolution Petroleum Dividend Announcement

The company also recently declared 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 annualized dividend and a dividend yield of 8.82%. The ex-dividend date of this dividend is Friday, September 20th. Evolution Petroleum’s dividend payout ratio is 600.08%.

Institutional Trading of Evolution Petroleum

Large investors have recently made changes to their positions in the company. SpiderRock Advisors LLC acquired a new stake in shares of Evolution Petroleum in the 1st quarter worth about $71,000. Principal Financial Group Inc. bought a new position in Evolution Petroleum in the 1st quarter worth approximately $95,000. Sanctuary Advisors LLC purchased a new position in Evolution Petroleum during the 2nd quarter valued at about $179,000. Rhumbline Advisers lifted its stake in Evolution Petroleum by 10.0% in the 2nd quarter. Rhumbline Advisers now owns 47,523 shares of the energy company’s stock worth $250,000 after purchasing an additional 4,310 shares in the last quarter. Finally, Connors Investor Services Inc. boosted its position in shares of Evolution Petroleum by 19.9% during the 1st quarter. Connors Investor Services Inc. now owns 48,300 shares of the energy company’s stock valued at $297,000 after acquiring an additional 8,000 shares during the last quarter. Institutional investors and hedge funds own 60.07% of the company’s stock.

Wall Street Analysts Forecast Growth

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

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.