Evolution Petroleum Corp. Lowered to Sell at Jefferson Research (EPM)
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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.