StockNews.com Downgrades Evolution Petroleum (NYSE:EPM) to Sell

StockNews.com downgraded shares of Evolution Petroleum (NYSE:EPM) from a hold rating to a sell rating in a research note issued to investors on Friday morning.

Other research analysts also recently issued reports about the company. Northland Capmk upgraded Evolution Petroleum to a “strong-buy” rating in a research report on Thursday, October 17th. Northland Securities lowered their price objective on shares of Evolution Petroleum from $7.00 to $6.50 and set an “outperform” rating for the company in a research report on Thursday.

Evolution Petroleum Trading Down 2.3 %

Shares of Evolution Petroleum stock opened at $5.13 on Friday. The company has a market capitalization of $172.37 million, a price-to-earnings ratio of 47.73 and a beta of 0.87. The company’s 50 day moving average price is $5.40. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.69 and a current ratio of 1.69. Evolution Petroleum has a 12 month low of $4.59 and a 12 month high of $6.28.

Evolution Petroleum Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th were given a dividend of $0.12 per share. The ex-dividend date of this dividend was Friday, December 13th. This represents a $0.48 dividend on an annualized basis and a yield of 9.36%. Evolution Petroleum’s dividend payout ratio (DPR) is presently 342.88%.

Hedge Funds Weigh In On Evolution Petroleum

A number of institutional investors and hedge funds have recently modified their holdings of the stock. SG Americas Securities LLC bought a new stake in Evolution Petroleum in the third quarter worth $56,000. Exchange Traded Concepts LLC purchased a new stake in shares of Evolution Petroleum in the third quarter valued at $297,000. Creative Planning bought a new stake in shares of Evolution Petroleum in the 3rd quarter worth about $53,000. CWA Asset Management Group LLC purchased a new position in shares of Evolution Petroleum during the 3rd quarter worth about $1,136,000. Finally, Caprock Group LLC purchased a new position in shares of Evolution Petroleum during the 3rd quarter worth about $71,000. Hedge funds and other institutional investors own 60.07% of the company’s stock.

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.