Evolution Petroleum (NYSEAMERICAN:EPM) Stock Price Crosses Above Fifty Day Moving Average – Here’s What Happened

Evolution Petroleum Corporation, Inc. (NYSEAMERICAN:EPM) passed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $4.07 and traded as high as $4.77. Evolution Petroleum shares last traded at $4.69, with a volume of 413,689 shares changing hands.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. Loop Capital set a $5.30 price target on shares of Evolution Petroleum in a research report on Tuesday, December 23rd. Freedom Capital upgraded Evolution Petroleum to a “strong-buy” rating in a report on Tuesday, December 23rd. Roth Mkm assumed coverage on Evolution Petroleum in a research note on Thursday, December 4th. They set a “buy” rating and a $5.00 price objective for the company. Finally, Zacks Research upgraded Evolution Petroleum from a “strong sell” rating to a “hold” rating in a research report on Tuesday, November 18th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $5.33.

Evolution Petroleum Price Performance

The stock’s fifty day moving average price is $4.07 and its 200-day moving average price is $4.32. The firm has a market cap of $164.15 million, a PE ratio of 58.63 and a beta of 0.28. The company has a debt-to-equity ratio of 0.81, a current ratio of 0.90 and a quick ratio of 0.90.

Evolution Petroleum Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Monday, March 16th will be paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 10.2%. The ex-dividend date of this dividend is Monday, March 16th. Evolution Petroleum’s dividend payout ratio is currently 600.08%.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of EPM. AQR Capital Management LLC acquired a new position in shares of Evolution Petroleum during the 1st quarter worth approximately $91,000. Goldman Sachs Group Inc. increased its holdings in shares of Evolution Petroleum by 24.0% in the first quarter. Goldman Sachs Group Inc. now owns 139,715 shares of the energy company’s stock valued at $724,000 after purchasing an additional 27,068 shares during the last quarter. Jane Street Group LLC purchased a new position in Evolution Petroleum during the first quarter worth approximately $102,000. Focus Partners Wealth purchased a new position in Evolution Petroleum during the first quarter worth approximately $70,000. Finally, PNC Financial Services Group Inc. boosted its stake in Evolution Petroleum by 157.8% during the second quarter. PNC Financial Services Group Inc. now owns 25,041 shares of the energy company’s stock worth $118,000 after buying an additional 15,328 shares during the last quarter. 60.07% of the stock is owned by hedge funds and other 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.