Evolution Petroleum's (EPM) Buy Rating Reiterated at Roth Mkm

Roth Mkm restated their buy rating on shares of Evolution Petroleum (NYSEAMERICAN:EPM - Free Report) in a report issued on Thursday morning, Benzinga reports. They currently have a $8.25 target price on the energy company's stock.

Separately, TheStreet cut Evolution Petroleum from a b rating to a c+ rating in a report on Wednesday, February 7th.

Evolution Petroleum Price Performance

EPM traded down $0.30 during trading on Thursday, reaching $5.95. 569,788 shares of the company's stock were exchanged, compared to its average volume of 343,920. Evolution Petroleum has a fifty-two week low of $5.00 and a fifty-two week high of $10.11. The company has a market capitalization of $198.92 million, a P/E ratio of 12.39 and a beta of 0.89.

Evolution Petroleum (NYSEAMERICAN:EPM - Get Free Report) last issued its earnings results on Tuesday, February 6th. The energy company reported $0.03 EPS for the quarter, missing the consensus estimate of $0.10 by ($0.07). Evolution Petroleum had a net margin of 17.25% and a return on equity of 18.44%. The firm had revenue of $21.02 million during the quarter, compared to analyst estimates of $23.67 million. On average, equities research analysts expect that Evolution Petroleum will post 0.2 EPS for the current fiscal year.

Evolution Petroleum Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 15th were paid a $0.12 dividend. The ex-dividend date was Thursday, March 14th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 8.07%. Evolution Petroleum's dividend payout ratio (DPR) is presently 100.00%.

Hedge Funds Weigh In On Evolution Petroleum

Institutional investors and hedge funds have recently modified their holdings of the business. Advisor Group Holdings Inc. grew its position in shares of Evolution Petroleum by 97.0% in the 1st quarter. Advisor Group Holdings Inc. now owns 3,656 shares of the energy company's stock valued at $25,000 after purchasing an additional 1,800 shares during the period. Gladius Capital Management LP acquired a new position in Evolution Petroleum during the 4th quarter worth approximately $27,000. BNP Paribas Arbitrage SA boosted its position in Evolution Petroleum by 253,450.0% during the 1st quarter. BNP Paribas Arbitrage SA now owns 5,071 shares of the energy company's stock worth $34,000 after acquiring an additional 5,069 shares during the last quarter. Cubist Systematic Strategies LLC acquired a new position in Evolution Petroleum during the 1st quarter worth approximately $34,000. Finally, Allspring Global Investments Holdings LLC acquired a new position in Evolution Petroleum during the 3rd quarter worth approximately $35,000. 60.07% of the stock is currently owned by institutional investors and hedge funds.

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 interests in a CO2 enhanced oil recovery project in Louisiana's Delhi field. Its Delhi Holt-Bryant Unit covers an area of approximately 13,636 acres located in Northeast Louisiana.