Evolution Petroleum (NYSE:EPM) Given New $6.50 Price Target at Northland Securities

Evolution Petroleum (NYSE:EPM) had its price target reduced by Northland Securities from $7.00 to $6.50 in a report released on Thursday,Benzinga reports. They currently have an outperform rating on the stock.

Several other analysts have also issued reports on the stock. Northland Capmk upgraded shares of Evolution Petroleum to a “strong-buy” rating in a research report on Thursday, October 17th. StockNews.com upgraded Evolution Petroleum from a “sell” rating to a “hold” rating in a research note on Wednesday, November 27th.

Evolution Petroleum Stock Performance

EPM stock opened at $5.25 on Thursday. The firm has a 50-day moving average price of $5.41. The company has a market capitalization of $176.40 million, a P/E ratio of 48.27 and a beta of 0.87. Evolution Petroleum has a fifty-two week low of $4.59 and a fifty-two week high of $6.28. 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 Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 13th were issued a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 9.14%. The ex-dividend date was Friday, December 13th. Evolution Petroleum’s dividend payout ratio is 342.88%.

Hedge Funds Weigh In On Evolution Petroleum

Several large investors have recently added to or reduced their stakes in the company. Raymond James Financial Inc. bought a new stake in shares of Evolution Petroleum during the 4th quarter valued at $1,477,000. Victory Capital Management Inc. increased its stake in Evolution Petroleum by 166.4% in the 4th quarter. Victory Capital Management Inc. now owns 33,451 shares of the company’s stock worth $175,000 after buying an additional 20,894 shares in the last quarter. Proficio Capital Partners LLC bought a new stake in Evolution Petroleum during the fourth quarter valued at about $113,000. Register Financial Advisors LLC lifted its position in shares of Evolution Petroleum by 0.8% in the fourth quarter. Register Financial Advisors LLC now owns 289,902 shares of the company’s stock valued at $1,516,000 after acquiring an additional 2,303 shares in the last quarter. Finally, SG Americas Securities LLC boosted its stake in shares of Evolution Petroleum by 25.1% in the fourth quarter. SG Americas Securities LLC now owns 13,223 shares of the company’s stock worth $69,000 after acquiring an additional 2,650 shares during the period. 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.