Evolution Petroleum (NYSEAMERICAN:EPM) Issues Quarterly Earnings Results

Evolution Petroleum (NYSEAMERICAN:EPM) posted its earnings results on Tuesday. The energy company reported ($0.01) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.01 by ($0.02), FiscalAI reports. Evolution Petroleum had a negative return on equity of 5.41% and a negative net margin of 2.81%. The business had revenue of $22.57 million for the quarter, compared to analyst estimates of $22.57 million.

Evolution Petroleum Trading Up 0.8%

Evolution Petroleum stock traded up $0.03 during midday trading on Tuesday, reaching $3.57. 444,922 shares of the stock traded hands, compared to its average volume of 421,387. The firm has a market cap of $145.12 million, a PE ratio of -44.62 and a beta of 0.42. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.94. The company has a 50-day simple moving average of $3.68 and a two-hundred day simple moving average of $4.04. Evolution Petroleum has a 12-month low of $3.19 and a 12-month high of $4.99.

Evolution Petroleum Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Monday, September 21st were issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 13.4%. The ex-dividend date was Monday, September 21st. Evolution Petroleum’s dividend payout ratio (DPR) is 600.08%.

Analyst Ratings Changes

EPM has been the subject of a number of recent analyst reports. Alliance Global Partners reissued a “buy” rating on shares of Evolution Petroleum in a research report on Tuesday, August 25th. Freedom Broker raised shares of Evolution Petroleum from a “hold” rating to a “buy” rating and set a $4.50 target price on the stock in a research report on Tuesday, September 22nd. Northland Securities set a $4.25 target price on shares of Evolution Petroleum in a research report on Thursday, September 17th. Finally, Zacks Research upgraded shares of Evolution Petroleum from a “strong sell” rating to a “hold” rating in a research report on Friday, August 28th. Four analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $4.76.

About Evolution Petroleum

Evolution Petroleum Corporation is an independent oil and natural gas company focused on acquiring, developing and optimizing mature, long-lived producing properties in the United States. The company emphasizes assets that can generate production and cash flow through enhanced oil recovery, operational improvements and reservoir management. Evolution Petroleum’s portfolio has historically included the Delhi Field in northeastern Louisiana, where carbon dioxide injection is used for tertiary oil recovery.