Evolution Petroleum Corp. Short Interest Up 8.1% in February (EPM)
Shares of Evolution Petroleum Corp. (NYSE:EPM) were the target of a significant increase in short interest during the month of January. As of February 14th, there was short interest totalling 659,645 shares, an increase of 8.1% from the January 31st total of 610,181 shares, AnalystRatings.NET reports. Based on an average daily volume of 120,850 shares, the short-interest ratio is presently 5.5 days. Currently, 2.8% of the company’s shares are sold short.
In other Evolution Petroleum Corp. news, major shareholder John Lovoi unloaded 100,000 shares of Evolution Petroleum Corp. stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $12.90, for a total transaction of $1,290,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Large shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.
Several analysts have recently commented on the stock. Analysts at Jefferson Research downgraded shares of Evolution Petroleum Corp. from a “hold” rating to a “sell” rating in a research note on Friday, February 14th. 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 analyst has rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $25.58.
Evolution Petroleum Corp. (NYSE:EPM) opened at 12.81 on Friday. Evolution Petroleum Corp. has a one year low of $9.60 and a one year high of $13.83. The stock’s 50-day moving average is $12.87 and its 200-day moving average is $12.1. The company has a market cap of $407.5 million and a price-to-earnings ratio of 106.17.
Evolution Petroleum Corp. (NYSE:EPM) last posted its quarterly earnings results on Wednesday, February 5th. The company reported $0.06 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.05 by $0.01. Analysts expect that Evolution Petroleum Corp. will post $0.28 EPS 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 3.14%. The ex-dividend date is Wednesday, March 12th.
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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