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Evolution Petroleum Corp. (NYSE:EPM) was downgraded by Jefferson Research from a “hold” rating to a “sell” rating in a research note issued on Friday, AnalystRatingsNetwork reports.

Evolution Petroleum Corp. (NYSE:EPM) traded down 0.70% during mid-day trading on Friday, hitting $12.80. 11,485 shares of the company’s stock traded hands. Evolution Petroleum Corp. has a 1-year low of $9.60 and a 1-year high of $13.42. The stock has a 50-day moving average of $12.66 and a 200-day moving average of $12.0. The company has a market cap of $407.2 million and a P/E ratio of 107.42. Evolution Petroleum Corp. also was the target of a significant increase in short interest in the month of January. As of January 31st, there was short interest totalling 610,181 shares, an increase of 11.6% from the January 15th total of 546,987 shares. Currently, 2.6% of the shares of the company are sold short. Based on an average trading volume of 76,394 shares, the short-interest ratio is currently 8.0 days.

Evolution Petroleum Corp. (NYSE:EPM) last issued its quarterly earnings data on Wednesday, February 5th. The company reported $0.06 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.05 by $0.01. On average, analysts predict that Evolution Petroleum Corp. will post $0.45 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which is scheduled for Friday, March 28th. Investors of record on Friday, March 14th will be paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 3.10%.

Separately, analysts at Zacks upgraded shares of Evolution Petroleum Corp. from an “underperform” rating to a “neutral” rating in a research note on Wednesday, January 8th. They now have a $12.40 price target on the stock. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $25.58.

Evolution Petroleum Corporation (NYSE:EPM) is a petroleum company engaged primarily in the acquisition, exploitation and development of properties for the production of crude oil and natural gas, onshore in the United States.

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