Evolution Petroleum (NYSEAMERICAN:EPM) Shares Pass Below Fifty Day Moving Average – Time to Sell?

Shares of Evolution Petroleum Corporation, Inc. (NYSEAMERICAN:EPM) crossed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $4.33 and traded as low as $3.63. Evolution Petroleum shares last traded at $3.64, with a volume of 361,588 shares trading hands.

Analyst Ratings Changes

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

Evolution Petroleum Stock Performance

The firm has a market capitalization of $130.93 million, a price-to-earnings ratio of -33.18 and a beta of 0.23. The firm’s 50-day moving average price is $4.32 and its two-hundred day moving average price is $4.18. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.61 and a current ratio of 0.61.

Evolution Petroleum Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th were paid a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 13.2%. The ex-dividend date was Monday, June 15th. Evolution Petroleum’s dividend payout ratio is currently 600.08%.

Hedge Funds Weigh In On Evolution Petroleum

A number of hedge funds have recently modified their holdings of EPM. Bank of America Corp DE boosted its stake in Evolution Petroleum by 11.2% in the 1st quarter. Bank of America Corp DE now owns 71,098 shares of the energy company’s stock valued at $326,000 after buying an additional 7,158 shares in the last quarter. Arrowstreet Capital Limited Partnership bought a new position in shares of Evolution Petroleum during the first quarter valued at $75,000. Dimensional Fund Advisors LP lifted its holdings in shares of Evolution Petroleum by 2.3% during the first quarter. Dimensional Fund Advisors LP now owns 1,453,218 shares of the energy company’s stock valued at $6,656,000 after acquiring an additional 32,641 shares during the period. Castleview Partners LLC boosted its stake in shares of Evolution Petroleum by 21.7% in the 1st quarter. Castleview Partners LLC now owns 95,300 shares of the energy company’s stock valued at $436,000 after purchasing an additional 17,000 shares in the last quarter. Finally, Kathmere Capital Management LLC acquired a new stake in shares of Evolution Petroleum in the 1st quarter valued at $51,000. 60.07% of the stock is owned by institutional investors and hedge funds.

Evolution Petroleum Company Profile

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 CO? injection to increase production efficiency. Evolution Petroleum’s business model combines property acquisition, reservoir engineering, and CO? management to optimize recovery of oil and associated gas.

The company’s primary asset is the Jackson Dome CO? field in southwestern Mississippi, where natural carbon dioxide is produced, separated and reinjected into adjacent oil-bearing formations.