Evolution Petroleum (NYSEAMERICAN:EPM) Share Price Crosses Below 50-Day Moving Average – Here’s What Happened

Evolution Petroleum Corporation, Inc. (NYSEAMERICAN:EPM) shares crossed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $4.51 and traded as low as $4.31. Evolution Petroleum shares last traded at $4.35, with a volume of 255,120 shares traded.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on EPM shares. Freedom Capital downgraded shares of Evolution Petroleum from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 20th. Northland Securities set a $4.50 target price on Evolution Petroleum in a report on Wednesday, May 13th. One analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $4.93.

Evolution Petroleum Stock Up 1.4%

The company has a 50-day moving average of $4.51 and a 200-day moving average of $4.19. The company has a current ratio of 0.61, a quick ratio of 0.61 and a debt-to-equity ratio of 0.97. The company has a market capitalization of $156.03 million, a price-to-earnings ratio of -39.55 and a beta of 0.24.

Evolution Petroleum Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be issued a dividend of $0.12 per share. The ex-dividend date is Monday, June 15th. This represents a $0.48 annualized dividend and a dividend yield of 11.0%. Evolution Petroleum’s dividend payout ratio is 600.08%.

Institutional Trading of Evolution Petroleum

A number of institutional investors have recently bought and sold shares of EPM. Comerica Bank grew its position in Evolution Petroleum by 894.0% during the 3rd quarter. Comerica Bank now owns 6,908 shares of the energy company’s stock worth $33,000 after purchasing an additional 6,213 shares during the last quarter. BNP Paribas Financial Markets raised 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 worth $39,000 after buying an additional 5,083 shares during the last quarter. StoneX Group Inc. acquired a new stake in shares of Evolution Petroleum during the fourth quarter worth $36,000. Inscription Capital LLC purchased a new stake in shares of Evolution Petroleum during the fourth quarter valued at $38,000. Finally, Franklin Resources Inc. purchased a new stake in shares of Evolution Petroleum during the third quarter valued at $53,000. 60.07% of the stock is currently owned by institutional investors and hedge funds.

About Evolution Petroleum

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.