Creative Planning Makes New Investment in Evolution Petroleum Corporation (NYSE:EPM)

Creative Planning purchased a new position in shares of Evolution Petroleum Corporation (NYSE:EPM) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 10,000 shares of the company’s stock, valued at approximately $53,000.

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

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. StockNews.com upgraded shares of Evolution Petroleum to a “sell” rating in a research note on Sunday, September 15th. Northland Capmk upgraded shares of Evolution Petroleum to a “strong-buy” rating in a research note on Thursday, October 17th.

Evolution Petroleum Stock Up 3.6 %

NYSE EPM opened at $5.71 on Thursday. The stock has a market capitalization of $191.91 million, a PE ratio of 40.79 and a beta of 0.82. Evolution Petroleum Corporation has a 52-week low of $4.59 and a 52-week high of $6.28. The business’s 50-day moving average price is $5.42. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.49.

Evolution Petroleum (NYSE:EPM) last posted its quarterly earnings results on Tuesday, September 10th. The company reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by ($0.03). Evolution Petroleum had a return on equity of 4.59% and a net margin of 5.36%. The firm had revenue of $21.23 million for the quarter, compared to analysts’ expectations of $24.44 million. On average, equities research analysts expect that Evolution Petroleum Corporation will post 0.31 earnings per share for the current fiscal year.

Evolution Petroleum Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be given a $0.12 dividend. The ex-dividend date of this dividend is Friday, December 13th. This represents a $0.48 annualized dividend and a dividend yield of 8.41%. Evolution Petroleum’s dividend payout ratio is presently 342.88%.

About Evolution Petroleum

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.