Evolution Petroleum (NYSEAMERICAN:EPM) Trading Up 0.2% – Still a Buy?

Evolution Petroleum Co. (NYSEAMERICAN:EPM)’s stock price rose 0.2% during trading on Wednesday . The company traded as high as $5.94 and last traded at $5.91. Approximately 249,411 shares traded hands during mid-day trading, a decline of 14% from the average daily volume of 291,672 shares. The stock had previously closed at $5.90.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded Evolution Petroleum to a “sell” rating in a research report on Wednesday, September 11th.

Evolution Petroleum Trading Up 0.2 %

The firm has a market cap of $197.16 million, a PE ratio of 73.88 and a beta of 0.81. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.49 and a current ratio of 1.49.

Evolution Petroleum (NYSEAMERICAN:EPM) last issued its quarterly earnings results on Tuesday, September 10th. The energy company reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.06 by ($0.03). Evolution Petroleum had a net margin of 4.75% and a return on equity of 5.30%. The company had revenue of $21.23 million during the quarter, compared to analyst estimates of $24.44 million. On average, research analysts anticipate that Evolution Petroleum Co. will post 0.42 earnings per share for the current fiscal year.

Evolution Petroleum Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, September 20th were given a dividend of $0.12 per share. The ex-dividend date of this dividend was Friday, September 20th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 8.12%. Evolution Petroleum’s dividend payout ratio (DPR) is presently 600.08%.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Janney Montgomery Scott LLC raised its holdings in shares of Evolution Petroleum by 10.1% in the 1st quarter. Janney Montgomery Scott LLC now owns 55,472 shares of the energy company’s stock worth $341,000 after acquiring an additional 5,084 shares during the last quarter. Vanguard Group Inc. raised its position in Evolution Petroleum by 0.6% in the 1st quarter. Vanguard Group Inc. now owns 1,611,605 shares of the energy company’s stock valued at $9,895,000 after buying an additional 8,904 shares during the last quarter. O Shaughnessy Asset Management LLC lifted its stake in Evolution Petroleum by 40.1% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 69,315 shares of the energy company’s stock valued at $426,000 after acquiring an additional 19,855 shares in the last quarter. Register Financial Advisors LLC boosted its holdings in Evolution Petroleum by 1.5% during the 2nd quarter. Register Financial Advisors LLC now owns 280,449 shares of the energy company’s stock worth $1,478,000 after acquiring an additional 4,044 shares during the last quarter. Finally, Sequoia Financial Advisors LLC bought a new stake in shares of Evolution Petroleum in the 2nd quarter worth $305,000. 60.07% of the stock is owned by institutional investors and hedge funds.

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.