Northland Securities set a $8.00 price target on Evolution Petroleum Corp (NYSE:EPM) in a report issued on Monday, August 28th. The brokerage currently has a hold rating on the energy company’s stock.
Several other brokerages have also issued reports on EPM. BidaskClub raised shares of Evolution Petroleum Corp from a hold rating to a buy rating in a research note on Thursday, July 6th. Roth Capital set a $11.00 target price on shares of Evolution Petroleum Corp and gave the company a buy rating in a research note on Thursday, August 10th. Zacks Investment Research lowered shares of Evolution Petroleum Corp from a hold rating to a sell rating in a research note on Wednesday, May 24th. Finally, Scotiabank set a $10.00 target price on shares of Evolution Petroleum Corp and gave the company a buy rating in a research note on Saturday, July 22nd. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company. The company presently has a consensus rating of Hold and an average target price of $9.60.
Shares of Evolution Petroleum Corp (NYSE EPM) traded up 0.72% during mid-day trading on Monday, hitting $6.95. 208,068 shares of the stock were exchanged. The company’s 50-day moving average is $7.47 and its 200-day moving average is $7.81. Evolution Petroleum Corp has a 1-year low of $5.90 and a 1-year high of $10.20. The firm has a market cap of $229.85 million and a price-to-earnings ratio of 33.74.
Evolution Petroleum Corp (NYSE:EPM) last issued its earnings results on Wednesday, September 6th. The energy company reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by ($0.02). The business had revenue of $8.84 million during the quarter, compared to the consensus estimate of $9.52 million. Evolution Petroleum Corp had a net margin of 25.40% and a return on equity of 14.11%. The firm’s revenue for the quarter was up 22.1% compared to the same quarter last year. During the same period last year, the business posted $0.63 EPS. Equities research analysts anticipate that Evolution Petroleum Corp will post $0.33 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 15th will be given a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a dividend yield of 4.32%. This is an increase from Evolution Petroleum Corp’s previous quarterly dividend of $0.07. The ex-dividend date is Thursday, September 14th.
Large investors have recently made changes to their positions in the stock. Virtu KCG Holdings LLC acquired a new stake in shares of Evolution Petroleum Corp in the 2nd quarter valued at approximately $101,000. First Quadrant L P CA acquired a new stake in shares of Evolution Petroleum Corp in the 2nd quarter valued at approximately $112,000. American International Group Inc. raised its position in shares of Evolution Petroleum Corp by 7.1% in the 1st quarter. American International Group Inc. now owns 15,033 shares of the energy company’s stock valued at $120,000 after acquiring an additional 999 shares during the period. Nationwide Fund Advisors raised its position in shares of Evolution Petroleum Corp by 14.2% in the 1st quarter. Nationwide Fund Advisors now owns 15,915 shares of the energy company’s stock valued at $127,000 after acquiring an additional 1,979 shares during the period. Finally, Alliancebernstein L.P. acquired a new stake in shares of Evolution Petroleum Corp in the 2nd quarter valued at approximately $133,000.
About Evolution Petroleum Corp
Evolution Petroleum Corporation is an independent oil and gas company. The Company is engaged in the acquisition, exploitation and development of properties for the production of crude oil and natural gas, onshore in the United States. Its assets include interests in a carbon dioxide (CO2) enhanced oil recovery project (EOR) in Louisiana’s Delhi field.
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