Caprock Group LLC Acquires New Position in Evolution Petroleum Corporation (NYSE:EPM)

Caprock Group LLC bought a new stake in shares of Evolution Petroleum Corporation (NYSE:EPM) in the 3rd quarter, Holdings Channel reports. The institutional investor bought 13,404 shares of the company’s stock, valued at approximately $71,000.

A number of other large investors also recently made changes to their positions in the stock. CWA Asset Management Group LLC bought a new stake in Evolution Petroleum in the third quarter valued at about $1,136,000. Exchange Traded Concepts LLC bought a new stake in shares of Evolution Petroleum in the 3rd quarter valued at about $297,000. SG Americas Securities LLC bought a new position in Evolution Petroleum during the 3rd quarter worth approximately $56,000. Finally, Creative Planning acquired a new position in Evolution Petroleum during the third quarter valued at approximately $53,000. Institutional investors and hedge funds own 60.07% of the company’s stock.

Evolution Petroleum Stock Down 3.9 %

Evolution Petroleum stock opened at $5.86 on Tuesday. The firm has a 50 day moving average of $5.50. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.69 and a quick ratio of 1.69. Evolution Petroleum Corporation has a twelve month low of $4.59 and a twelve month high of $6.28. The firm has a market capitalization of $196.90 million, a PE ratio of 43.57 and a beta of 0.82.

Evolution Petroleum (NYSE:EPM) last released its earnings results on Tuesday, September 10th. The company reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.03). The firm had revenue of $21.23 million for the quarter, compared to the consensus estimate of $24.44 million. Evolution Petroleum had a return on equity of 4.65% and a net margin of 5.36%. Equities analysts anticipate that Evolution Petroleum Corporation will post 0.28 EPS for the current fiscal year.

Evolution Petroleum Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be issued a $0.12 dividend. The ex-dividend date of this dividend is Friday, December 13th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 8.19%. Evolution Petroleum’s dividend payout ratio (DPR) is presently 342.88%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on EPM. StockNews.com raised shares of Evolution Petroleum from a “sell” rating to a “hold” rating in a research report on Thursday, November 14th. Northland Capmk upgraded Evolution Petroleum to a “strong-buy” rating in a report on Thursday, October 17th.

Evolution Petroleum 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.