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Evolution Petroleum Corp. (NYSE:EPM) declared a quarterly dividend on Wednesday, May 14th, Stock Ratings News reports. Shareholders of record on Monday, June 16th will be given a dividend of 0.10 per share on Monday, June 30th. This represents a $0.40 dividend on an annualized basis and a yield of 3.64%.

On a related note, analysts at Zacks downgraded shares of Evolution Petroleum Corp. from a “neutral” rating to an “underperform” rating in a research note on Wednesday, April 30th. They now have a $11.10 price target on the stock. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $28.40.

Evolution Petroleum Corp. (NYSE:EPM) traded down 0.18% on Wednesday, hitting $10.98. The stock had a trading volume of 70,854 shares. Evolution Petroleum Corp. has a 1-year low of $9.92 and a 1-year high of $13.83. The stock’s 50-day moving average is $12.03 and its 200-day moving average is $12.40. The company has a market cap of $355.3 million and a P/E ratio of 137.50. Evolution Petroleum Corp. also was the target of a large growth in short interest in April. As of April 30th, there was short interest totalling 711,646 shares, a growth of 0.8% from the April 15th total of 706,088 shares. Approximately 2.6% of the shares of the stock are sold short. Based on an average daily trading volume, of 45,210 shares, the days-to-cover ratio is presently 15.7 days.

Evolution Petroleum Corp. (NYSE:EPM) last issued its quarterly earnings data on Wednesday, May 7th. The company reported $0.02 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.04 by $0.02. On average, analysts predict that Evolution Petroleum Corp. will post $0.26 earnings per share for the current fiscal year.

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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