Short Interest in Evolution Petroleum Corp. Rises By 1.7% (EPM)
Shares of Evolution Petroleum Corp. (NYSE:EPM) were the target of a large increase in short interest in the month of May. As of May 15th, there was short interest totalling 723,756 shares, an increase of 1.7% from the April 30th total of 711,646 shares, American Banking News.com reports. Based on an average trading volume of 107,464 shares, the short-interest ratio is currently 6.7 days. Currently, 2.6% of the shares of the company are short sold.
A number of analysts have recently weighed in on EPM shares. Analysts at Zacks upgraded shares of Evolution Petroleum Corp. from an “underperform” rating to a “neutral” rating in a research note on Thursday. They now have a $11.60 price target on the stock.
Evolution Petroleum Corp. (NYSE:EPM) opened at 11.30 on Friday. Evolution Petroleum Corp. has a 52-week low of $9.92 and a 52-week high of $13.83. The stock has a 50-day moving average of $11. and a 200-day moving average of $12.30. The company has a market cap of $366.2 million and a P/E ratio of 141.25.
Evolution Petroleum Corp. (NYSE:EPM) last issued its quarterly earnings data on Wednesday, May 7th. The company reported $0.02 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.04 by $0.02. On average, analysts predict that Evolution Petroleum Corp. will post $0.25 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Monday, June 30th. Shareholders of record on Monday, June 16th will be paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 3.54%. The ex-dividend date is Thursday, June 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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