Evolution Petroleum (NYSEAMERICAN:EPM) Releases Quarterly Earnings Results, Meets Estimates

Evolution Petroleum (NYSEAMERICAN:EPM) announced its quarterly earnings data on Tuesday. The energy company reported $0.06 EPS for the quarter, meeting the consensus estimate of $0.06, Yahoo Finance reports. Evolution Petroleum had a net margin of 32.77% and a return on equity of 57.14%. The firm had revenue of $18.17 million during the quarter, compared to analyst estimates of $21.65 million.

Evolution Petroleum Stock Performance

EPM traded down $0.08 on Thursday, hitting $6.92. 1,707,243 shares of the company’s stock were exchanged, compared to its average volume of 376,709. Evolution Petroleum has a fifty-two week low of $5.39 and a fifty-two week high of $10.11. The firm’s 50-day simple moving average is $7.38. The company has a market capitalization of $230.23 million, a PE ratio of 4.68 and a beta of 0.98.

Evolution Petroleum Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 22nd will be paid a dividend of $0.12 per share. The ex-dividend date is Thursday, September 21st. This represents a $0.48 annualized dividend and a yield of 6.94%. Evolution Petroleum’s dividend payout ratio (DPR) is presently 32.43%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of EPM. PNC Financial Services Group Inc. increased its stake in Evolution Petroleum by 7.0% during the second quarter. PNC Financial Services Group Inc. now owns 20,197 shares of the energy company’s stock worth $163,000 after purchasing an additional 1,316 shares during the period. Advisor Group Holdings Inc. increased its stake in Evolution Petroleum by 97.0% during the first quarter. Advisor Group Holdings Inc. now owns 3,656 shares of the energy company’s stock worth $25,000 after purchasing an additional 1,800 shares during the period. Ethic Inc. increased its stake in Evolution Petroleum by 12.9% during the first quarter. Ethic Inc. now owns 16,466 shares of the energy company’s stock worth $104,000 after purchasing an additional 1,879 shares during the period. Bank of New York Mellon Corp increased its stake in Evolution Petroleum by 1.3% during the first quarter. Bank of New York Mellon Corp now owns 214,494 shares of the energy company’s stock worth $1,456,000 after purchasing an additional 2,763 shares during the period. Finally, Tower Research Capital LLC TRC increased its stake in Evolution Petroleum by 51.2% during the first quarter. Tower Research Capital LLC TRC now owns 8,248 shares of the energy company’s stock worth $52,000 after purchasing an additional 2,793 shares during the period. Hedge funds and other institutional investors own 61.68% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com initiated coverage on shares of Evolution Petroleum in a report on Wednesday, August 23rd. They set a “hold” rating for the company.

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 interests in a CO2 enhanced oil recovery project in Louisiana's Delhi field. Its Delhi Holt-Bryant Unit covers an area of 13,636 acres located in Northeast Louisiana.