Evolution Petroleum Corporation, Inc. (NYSEAMERICAN:EPM) Stock Has Average Price Target of $4.76 According to Brokerages

Key Points

• Analyst sentiment is moderately bullish: Four of six covering firms rate Evolution Petroleum a buy, while two recommend holding; the average 12-month price target is $4.76.
• The company reported a quarterly loss of $0.01 per share, missing the $0.01 profit analysts expected, while revenue of $22.57 million matched estimates.
• Evolution Petroleum announced a quarterly dividend of $0.12 per share, equivalent to $0.48 annually and a stated yield of 13.4%.

Shares of Evolution Petroleum Corporation, Inc. (NYSEAMERICAN:EPM - Get Free Report) have been given an average rating of "Moderate Buy" by the six ratings firms that are covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $4.76.

Several analysts recently commented on the stock. Northland Securities set a $4.25 price target on shares of Evolution Petroleum in a research report on Thursday, September 17th. Zacks Research raised shares of Evolution Petroleum from a "strong sell" rating to a "hold" rating in a research report on Friday, August 28th. Alliance Global Partners reissued a "buy" rating on shares of Evolution Petroleum in a research report on Tuesday, August 25th. Finally, Freedom Broker upgraded shares of Evolution Petroleum from a "hold" rating to a "buy" rating and set a $4.50 price objective on the stock in a research note on Tuesday, September 22nd.

Evolution Petroleum Trading Up 0.8%

NYSEAMERICAN:EPM opened at $3.57 on Wednesday. Evolution Petroleum has a 12-month low of $3.19 and a 12-month high of $4.99. 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 stock has a fifty day moving average price of $3.68 and a 200 day moving average price of $4.04.

Evolution Petroleum (NYSEAMERICAN:EPM - Get Free Report) last issued its quarterly earnings results on Tuesday, November 10th. The energy company reported ($0.01) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.01 by ($0.02). The firm had revenue of $22.57 million during the quarter, compared to analysts' expectations of $22.57 million. Evolution Petroleum had a negative return on equity of 5.41% and a negative net margin of 2.81%. Sell-side analysts anticipate that Evolution Petroleum will post 0.05 earnings per share for the current fiscal year.

Evolution Petroleum Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 31st. Shareholders of record on Tuesday, December 15th will be given a dividend of $0.12 per share. The ex-dividend date is Tuesday, December 15th. This represents a $0.48 annualized dividend and a yield of 13.4%. Evolution Petroleum's payout ratio is presently 600.08%.

Hedge Funds Weigh In On Evolution Petroleum

Several hedge funds and other institutional investors have recently bought and sold shares of EPM. BlackRock Inc. purchased a new stake in shares of Evolution Petroleum in the second quarter valued at $8,894,000. Ieq Capital LLC purchased a new stake in Evolution Petroleum during the 2nd quarter worth about $85,000. Deutsche Bank AG purchased a new stake in Evolution Petroleum during the 2nd quarter worth about $122,000. Bank of America Corp DE increased its position in Evolution Petroleum by 11.2% during the 1st quarter. Bank of America Corp DE now owns 71,098 shares of the energy company's stock worth $326,000 after purchasing an additional 7,158 shares in the last quarter. Finally, Bank of New York Mellon Corp acquired a new position in Evolution Petroleum in the 2nd quarter valued at about $312,000. 60.07% of the stock is owned by institutional investors and hedge funds.

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.

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