Ameriprise Financial Inc. maintained its position in shares of Evolution Petroleum Corp (NYSE:EPM) during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 110,779 shares of the energy company’s stock at the end of the first quarter. Ameriprise Financial Inc.’s holdings in Evolution Petroleum Corp were worth $886,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Russell Investments Group Ltd. purchased a new position in shares of Evolution Petroleum Corp during the fourth quarter worth approximately $1,751,000. Renaissance Technologies LLC boosted its stake in Evolution Petroleum Corp by 21.0% in the fourth quarter. Renaissance Technologies LLC now owns 913,200 shares of the energy company’s stock worth $9,132,000 after buying an additional 158,700 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in Evolution Petroleum Corp by 43.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 373,295 shares of the energy company’s stock worth $3,733,000 after buying an additional 113,015 shares in the last quarter. Two Sigma Investments LP bought a new stake in Evolution Petroleum Corp during the fourth quarter worth about $1,094,000. Finally, LSV Asset Management bought a new stake in Evolution Petroleum Corp during the first quarter worth about $708,000.
Shares of Evolution Petroleum Corp (EPM) opened at 7.95 on Wednesday. Evolution Petroleum Corp has a 52 week low of $5.12 and a 52 week high of $10.20. The firm has a market cap of $259.71 million and a PE ratio of 10.10. The firm has a 50-day moving average of $7.74 and a 200 day moving average of $8.32.
Evolution Petroleum Corp (NYSE:EPM) last announced its earnings results on Monday, May 8th. The energy company reported $0.07 earnings per share for the quarter, missing analysts’ consensus estimates of $0.08 by $0.01. The company had revenue of $9.53 million during the quarter, compared to analysts’ expectations of $9.65 million. Evolution Petroleum Corp had a net margin of 25.40% and a return on equity of 14.11%. Equities research analysts predict that Evolution Petroleum Corp will post $0.28 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, June 30th. Stockholders of record on Thursday, June 15th were issued a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 3.52%. The ex-dividend date was Tuesday, June 13th.
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EPM has been the subject of a number of research reports. Zacks Investment Research cut shares of Evolution Petroleum Corp from a “hold” rating to a “sell” rating in a research note on Wednesday, May 24th. Roth Capital set a $11.00 target price on shares of Evolution Petroleum Corp and gave the stock a “buy” rating in a research note on Monday, May 22nd. Scotiabank set a $11.00 target price on shares of Evolution Petroleum Corp and gave the stock a “buy” rating in a research note on Monday, March 27th. Finally, BidaskClub upgraded shares of Evolution Petroleum Corp from a “hold” rating to a “buy” rating in a research note on Thursday, July 6th. One analyst has rated the stock with a sell rating, one has issued a hold rating and five have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $10.00.
About Evolution Petroleum Corp
Evolution Petroleum Corporation is an independent oil and gas company. The Company is engaged in the acquisition, exploitation and development of properties for the production of crude oil and natural gas, onshore in the United States. Its assets include interests in a carbon dioxide (CO2) enhanced oil recovery project (EOR) in Louisiana’s Delhi field.
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