Evolution Petroleum (NYSEAMERICAN:EPM) Share Price Passes Above Fifty Day Moving Average - What's Next?

Key Points

• Evolution Petroleum's stock recently crossed above its 50‑day moving average of $4.33, trading as high as $4.82 and last at $4.58 on volume of 574,366 shares.
• Analyst sentiment is a consensus "Moderate Buy" with an average target of $5.33 and recent price targets in the $5.00–$5.30 range.
• The company pays a quarterly dividend of $0.12 (annualized yield ~10.5%) but carries a very high dividend payout ratio of about 600%, which may be unsustainable.

Evolution Petroleum Corporation, Inc. (NYSEAMERICAN:EPM - Get Free Report)'s stock price crossed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $4.33 and traded as high as $4.82. Evolution Petroleum shares last traded at $4.58, with a volume of 574,366 shares traded.

Wall Street Analysts Forecast Growth

EPM has been the topic of a number of research reports. Roth Mkm initiated coverage on shares of Evolution Petroleum in a research note on Thursday, December 4th. They issued a "buy" rating and a $5.00 price objective on the stock. Loop Capital set a $5.30 price target on shares of Evolution Petroleum in a report on Tuesday, December 23rd. Finally, Freedom Capital upgraded shares of Evolution Petroleum to a "strong-buy" rating in a research report on Tuesday, December 23rd. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, Evolution Petroleum has an average rating of "Moderate Buy" and a consensus target price of $5.33.

Evolution Petroleum Stock Performance

The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.81. The stock has a fifty day moving average price of $4.33 and a two-hundred day moving average price of $4.26. The company has a market capitalization of $160.30 million, a price-to-earnings ratio of 57.25 and a beta of 0.28.

Evolution Petroleum Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Monday, March 16th were issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 10.5%. The ex-dividend date was Monday, March 16th. Evolution Petroleum's dividend payout ratio is 600.08%.

Institutional Investors Weigh In On Evolution Petroleum

Several hedge funds have recently modified their holdings of the company. Register Financial Advisors LLC raised its holdings in Evolution Petroleum by 6.6% in the 4th quarter. Register Financial Advisors LLC now owns 338,147 shares of the energy company's stock valued at $1,197,000 after acquiring an additional 20,978 shares during the last quarter. Castleview Partners LLC acquired a new stake in shares of Evolution Petroleum during the fourth quarter worth $277,000. CWA Asset Management Group LLC boosted its holdings in shares of Evolution Petroleum by 16.3% during the fourth quarter. CWA Asset Management Group LLC now owns 547,157 shares of the energy company's stock worth $1,937,000 after purchasing an additional 76,686 shares during the last quarter. Michels Family Financial LLC purchased a new stake in shares of Evolution Petroleum in the third quarter valued at $223,000. Finally, Truist Financial Corp grew its position in shares of Evolution Petroleum by 51.4% in the third quarter. Truist Financial Corp now owns 49,788 shares of the energy company's stock valued at $240,000 after purchasing an additional 16,898 shares during the period. 60.07% of the stock is owned by institutional investors and hedge funds.

About Evolution Petroleum

Evolution Petroleum Corporation (NYSE American: EPM) is an independent oil and natural gas company focused on enhanced oil recovery (EOR) through the use of carbon dioxide. Headquartered in Houston, Texas, the company specializes in acquiring and developing mature hydrocarbon reservoirs that benefit from CO₂ injection to increase production efficiency. Evolution Petroleum's business model combines property acquisition, reservoir engineering, and CO₂ management to optimize recovery of oil and associated gas.

The company's primary asset is the Jackson Dome CO₂ field in southwestern Mississippi, where natural carbon dioxide is produced, separated and reinjected into adjacent oil-bearing formations.

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