Evolution Petroleum (NYSE:EPM) Upgraded by StockNews.com to Sell

StockNews.com upgraded shares of Evolution Petroleum (NYSE:EPM) to a sell rating in a report issued on Sunday morning.

Evolution Petroleum Trading Down 4.1 %

NYSE:EPM opened at $5.39 on Friday. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.49 and a current ratio of 1.37. Evolution Petroleum has a one year low of $4.59 and a one year high of $7.26. The company has a market cap of $179.59 million, a P/E ratio of 43.23 and a beta of 0.81.

Evolution Petroleum (NYSE:EPM) last posted its quarterly earnings data on Tuesday, September 10th. The company reported $0.03 EPS for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.03). The company had revenue of $21.23 million during 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%. As a group, sell-side analysts expect that Evolution Petroleum will post 0.42 EPS for the current fiscal year.

Evolution Petroleum Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, September 20th will be issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 8.91%. The ex-dividend date is Friday, September 20th. Evolution Petroleum’s payout ratio is 600.08%.

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 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.