Evolution Petroleum (NYSE:EPM) Raised to “Sell” at StockNews.com

StockNews.com upgraded shares of Evolution Petroleum (NYSE:EPM) to a sell rating in a research report report published on Sunday morning.

Evolution Petroleum Stock Performance

Shares of EPM opened at $5.73 on Friday. The company has a quick ratio of 1.49, a current ratio of 1.37 and a debt-to-equity ratio of 0.49. Evolution Petroleum has a 52-week low of $4.59 and a 52-week high of $7.26. The firm has a market capitalization of $190.76 million, a P/E ratio of 71.57 and a beta of 0.81.

Evolution Petroleum (NYSE:EPM) last released its earnings results on Tuesday, September 10th. The company reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by ($0.03). Evolution Petroleum had a return on equity of 5.39% and a net margin of 4.75%. The firm had revenue of $21.23 million during the quarter, compared to the consensus estimate of $24.44 million. As a group, equities research analysts forecast that Evolution Petroleum will post 0.42 EPS for the current fiscal year.

Evolution Petroleum Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, September 20th will be paid a dividend of $0.12 per share. The ex-dividend date is Friday, September 20th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 8.38%. Evolution Petroleum’s dividend payout ratio is 600.08%.

Evolution Petroleum Company Profile

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 a non-operated interests in the SCOOP and STACK plays located in Central Oklahoma; the Chaveroo Field situated in Chaves and Roosevelt Counties, New Mexico; the Jonah Field located in Sublette County, Wyoming; the Williston Basin situated in Williston, North Dakota; the Barnett Shale field located in North Texas; the Hamilton Dome situated in Hot Springs County, Wyoming; and the Delhi Field, an onshore CO2-EOR project located in northeast Louisiana in Franklin, Madison, and Richland Parishes, as well as small overriding royalty interests in four onshore central Texas wells.