Exchange Traded Concepts LLC Makes New Investment in Evolution Petroleum Corporation (NYSE:EPM)

Exchange Traded Concepts LLC purchased a new position in shares of Evolution Petroleum Corporation (NYSE:EPM) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 55,935 shares of the company’s stock, valued at approximately $297,000. Exchange Traded Concepts LLC owned 0.17% of Evolution Petroleum as of its most recent SEC filing.

Separately, SG Americas Securities LLC purchased a new position in Evolution Petroleum in the third quarter worth approximately $56,000. 60.07% of the stock is currently owned by institutional investors.

Evolution Petroleum Trading Down 3.3 %

EPM opened at $5.26 on Monday. Evolution Petroleum Corporation has a one year low of $4.59 and a one year high of $6.62. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.37 and a current ratio of 1.37. The stock has a market cap of $175.46 million, a PE ratio of 65.75 and a beta of 0.82.

Evolution Petroleum (NYSE:EPM) last released its quarterly earnings results on Tuesday, September 10th. The company reported $0.03 EPS for the quarter, missing the consensus estimate of $0.06 by ($0.03). The firm had revenue of $21.23 million for the quarter, compared to analyst estimates of $24.44 million. Evolution Petroleum had a return on equity of 5.39% and a net margin of 4.75%. On average, sell-side analysts anticipate that Evolution Petroleum Corporation will post 0.42 earnings per share for the current fiscal year.

Evolution Petroleum Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, September 20th were given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 9.13%. The ex-dividend date was Friday, September 20th. Evolution Petroleum’s payout ratio is currently 600.00%.

Analyst Ratings Changes

Several equities research analysts recently weighed in on EPM shares. Northland Capmk upgraded Evolution Petroleum to a “strong-buy” rating in a research note on Thursday. StockNews.com raised shares of Evolution Petroleum to a “sell” rating in a research report on Sunday, September 15th.

Evolution Petroleum 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 a non-operated interests in the SCOOP and STACK plays located in Central Oklahoma; the Chaveroo Field situated in Chaves and Roosevelt Counties, New Mexico; the Jonah Field located in Sublette County, Wyoming; the Williston Basin situated in Williston, North Dakota; the Barnett Shale field located in North Texas; the Hamilton Dome situated in Hot Springs County, Wyoming; and the Delhi Field, an onshore CO2-EOR project located in northeast Louisiana in Franklin, Madison, and Richland Parishes, as well as small overriding royalty interests in four onshore central Texas wells.