Northland Securities set a $7.00 price objective on Evolution Petroleum (NYSEAMERICAN:EPM) in a research note issued to investors on Monday. The brokerage currently has a hold rating on the energy company’s stock.

Other research analysts also recently issued reports about the company. Roth Capital set a $11.00 target price on Evolution Petroleum and gave the stock a buy rating in a report on Friday, October 20th. Zacks Investment Research raised Evolution Petroleum from a sell rating to a hold rating in a report on Wednesday, November 15th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company presently has an average rating of Hold and a consensus price target of $9.33.

Evolution Petroleum (EPM) opened at $6.45 on Monday. Evolution Petroleum has a 1-year low of $6.35 and a 1-year high of $10.20.

Evolution Petroleum (NYSEAMERICAN:EPM) last announced its earnings results on Wednesday, November 8th. The energy company reported $0.06 EPS for the quarter, topping the consensus estimate of $0.05 by $0.01. The business had revenue of $8.54 million for the quarter, compared to the consensus estimate of $8.19 million. Evolution Petroleum had a return on equity of 8.76% and a net margin of 16.99%. Evolution Petroleum’s revenue was up 12.5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.02 EPS.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Friday, December 15th will be issued a dividend of $0.075 per share. This represents a $0.30 annualized dividend and a yield of 4.65%. The ex-dividend date of this dividend is Thursday, December 14th. Evolution Petroleum’s dividend payout ratio is 80.00%.

In other Evolution Petroleum news, CFO David Joe sold 7,110 shares of the company’s stock in a transaction on Friday, November 10th. The stock was sold at an average price of $7.50, for a total transaction of $53,325.00. Following the transaction, the chief financial officer now owns 365,427 shares of the company’s stock, valued at approximately $2,740,702.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

Large investors have recently bought and sold shares of the business. Virtu KCG Holdings LLC acquired a new position in shares of Evolution Petroleum in the 2nd quarter valued at $101,000. Alliancebernstein L.P. acquired a new position in shares of Evolution Petroleum in the 2nd quarter valued at $133,000. Metropolitan Life Insurance Co. NY lifted its stake in shares of Evolution Petroleum by 15.1% in the 1st quarter. Metropolitan Life Insurance Co. NY now owns 20,319 shares of the energy company’s stock valued at $163,000 after purchasing an additional 2,662 shares during the period. First Quadrant L P CA lifted its stake in shares of Evolution Petroleum by 93.7% in the 3rd quarter. First Quadrant L P CA now owns 26,706 shares of the energy company’s stock valued at $192,000 after purchasing an additional 12,917 shares during the period. Finally, The Manufacturers Life Insurance Company lifted its stake in shares of Evolution Petroleum by 21.3% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 23,975 shares of the energy company’s stock valued at $194,000 after purchasing an additional 4,215 shares during the period.

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Evolution Petroleum Company Profile

Evolution Petroleum Corporation is an independent oil and gas company. The Company is engaged in the acquisition, exploitation and development of properties for the production of crude oil and natural gas, onshore in the United States. Its assets include interests in a carbon dioxide (CO2) enhanced oil recovery project (EOR) in Louisiana’s Delhi field.

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