Evolution Petroleum (NYSEAMERICAN:EPM) Announces Quarterly Earnings Results, Hits Expectations

Evolution Petroleum (NYSEAMERICAN:EPM) posted its quarterly earnings data on Tuesday. The energy company reported $0.06 earnings per share for the quarter, hitting the consensus estimate of $0.06, Yahoo Finance reports. Evolution Petroleum had a net margin of 27.40% and a return on equity of 38.18%. The business had revenue of $18.17 million during the quarter, compared to analysts’ expectations of $21.65 million.

Evolution Petroleum Price Performance

Evolution Petroleum stock opened at $6.92 on Friday. The firm has a 50 day moving average price of $7.38. Evolution Petroleum has a 1 year low of $5.39 and a 1 year high of $10.11. The firm has a market capitalization of $230.23 million, a P/E ratio of 6.93 and a beta of 0.98.

Evolution Petroleum Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 22nd will be paid a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 6.94%. The ex-dividend date is Thursday, September 21st. Evolution Petroleum’s dividend payout ratio is currently 46.15%.

Institutional Trading of Evolution Petroleum

A number of institutional investors and hedge funds have recently added to or reduced their stakes in EPM. California State Teachers Retirement System acquired a new stake in shares of Evolution Petroleum during the 2nd quarter worth approximately $85,000. BNP Paribas Arbitrage SA raised its stake in shares of Evolution Petroleum by 199.9% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 15,209 shares of the energy company’s stock worth $83,000 after purchasing an additional 10,138 shares during the period. Thrivent Financial for Lutherans purchased a new stake in Evolution Petroleum in the 1st quarter worth about $73,000. LPL Financial LLC purchased a new stake in Evolution Petroleum in the 2nd quarter worth about $61,000. Finally, PNC Financial Services Group Inc. purchased a new stake in Evolution Petroleum in the 1st quarter worth about $55,000. Institutional investors and hedge funds own 61.68% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com started coverage on shares of Evolution Petroleum in a research 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.