Evolution Petroleum (NYSEAMERICAN:EPM) Downgraded to “Strong Sell” Rating by Zacks Research

Zacks Research downgraded shares of Evolution Petroleum (NYSEAMERICAN:EPM) from a hold rating to a strong sell rating in a research report report published on Monday,Zacks.com reports.

Other equities research analysts also recently issued reports about the company. Freedom Capital downgraded Evolution Petroleum from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 20th. Northland Securities set a $4.50 price target on Evolution Petroleum in a research report on Wednesday, May 13th. One equities research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $4.93.

Evolution Petroleum Stock Up 0.5%

EPM stock opened at $3.85 on Monday. Evolution Petroleum has a 52 week low of $3.19 and a 52 week high of $5.70. The company has a market capitalization of $138.10 million, a price-to-earnings ratio of -35.00 and a beta of 0.23. The firm’s 50-day moving average is $4.15 and its two-hundred day moving average is $4.18. The company has a current ratio of 0.61, a quick ratio of 0.61 and a debt-to-equity ratio of 0.97.

Evolution Petroleum Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th were given a dividend of $0.12 per share. The ex-dividend date was Monday, June 15th. This represents a $0.48 annualized dividend and a dividend yield of 12.5%. Evolution Petroleum’s dividend payout ratio (DPR) is 600.08%.

Institutional Trading of Evolution Petroleum

A number of hedge funds and other institutional investors have recently made changes to their positions in EPM. Comerica Bank boosted its holdings in Evolution Petroleum by 894.0% during the third quarter. Comerica Bank now owns 6,908 shares of the energy company’s stock worth $33,000 after buying an additional 6,213 shares in the last quarter. StoneX Group Inc. acquired a new position in Evolution Petroleum in the fourth quarter worth approximately $36,000. Inscription Capital LLC bought a new position in shares of Evolution Petroleum in the fourth quarter valued at $38,000. BNP Paribas Financial Markets increased its holdings in shares of Evolution Petroleum by 163.4% in the third quarter. BNP Paribas Financial Markets now owns 8,194 shares of the energy company’s stock valued at $39,000 after buying an additional 5,083 shares in the last quarter. Finally, The Manufacturers Life Insurance Company lifted its position in shares of Evolution Petroleum by 20.4% during the 4th quarter. The Manufacturers Life Insurance Company now owns 13,836 shares of the energy company’s stock valued at $49,000 after acquiring an additional 2,340 shares during the last quarter. 60.07% of the stock is currently owned by institutional investors.

Evolution Petroleum Company Profile

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.