Evolution Petroleum (NYSE:EPM) Releases Quarterly Earnings Results, Beats Estimates By $0.09 EPS

Key Points

• Evolution Petroleum reported quarterly earnings of $0.10 per share, exceeding analysts' expectations by $0.09.
• The company announced a quarterly dividend of $0.12 per share, resulting in an annualized dividend yield of 8.7%.
• As of the latest data, institutional investors hold 60.07% of Evolution Petroleum's stock and have recently increased their positions significantly.

Evolution Petroleum (NYSE:EPM - Get Free Report) posted its quarterly earnings data on Tuesday. The company reported $0.10 EPS for the quarter, beating analysts' consensus estimates of $0.01 by $0.09, RTT News reports. Evolution Petroleum had a net margin of 2.04% and a return on equity of 2.42%. During the same quarter last year, the firm earned $0.03 earnings per share.

Evolution Petroleum Stock Performance

Shares of Evolution Petroleum stock traded down $0.10 during midday trading on Friday, hitting $5.37. The company had a trading volume of 196,748 shares, compared to its average volume of 180,804. The business's 50 day simple moving average is $5.01 and its two-hundred day simple moving average is $4.78. The stock has a market cap of $184.23 million, a PE ratio of 107.42 and a beta of 0.61. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.64 and a quick ratio of 1.64. Evolution Petroleum has a 1-year low of $4.05 and a 1-year high of $6.14.

Evolution Petroleum Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Monday, September 22nd will be paid a $0.12 dividend. The ex-dividend date is Monday, September 22nd. This represents a $0.48 annualized dividend and a dividend yield of 8.9%. Evolution Petroleum's dividend payout ratio (DPR) is presently 1,600.00%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Oxford Asset Management LLP acquired a new position in shares of Evolution Petroleum in the 2nd quarter valued at approximately $127,000. Jane Street Group LLC lifted its stake in shares of Evolution Petroleum by 34.5% in the second quarter. Jane Street Group LLC now owns 26,537 shares of the company's stock worth $125,000 after acquiring an additional 6,813 shares during the period. Raymond James Financial Inc. grew its stake in Evolution Petroleum by 30.9% in the 2nd quarter. Raymond James Financial Inc. now owns 468,620 shares of the company's stock valued at $2,203,000 after purchasing an additional 110,687 shares during the period. Sei Investments Co. purchased a new stake in Evolution Petroleum during the 2nd quarter worth about $77,000. Finally, Focus Partners Wealth bought a new position in Evolution Petroleum in the 1st quarter worth about $70,000. 60.07% of the stock is owned by institutional investors.

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 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.