Evolution Petroleum Corp. Sees Large Decrease in Short Interest (EPM)
Evolution Petroleum Corp. (NYSE:EPM) saw a significant decrease in short interest during the month of May. As of May 30th, there was short interest totalling 716,992 shares, a decrease of 0.9% from the May 15th total of 723,756 shares, Analyst Ratings News reports. Approximately 2.6% of the shares of the company are short sold. Based on an average daily volume of 70,037 shares, the days-to-cover ratio is presently 10.2 days.
A number of research firms have recently commented on EPM. Analysts at Zacks upgraded shares of Evolution Petroleum Corp. from an “underperform” rating to a “neutral” rating in a research note on Thursday, May 29th. They now have a $11.60 price target on the stock.
Shares of Evolution Petroleum Corp. (NYSE:EPM) opened at 11.03 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 $11.13 and a 200-day moving average of $12.20. The company has a market cap of $357.5 million and a price-to-earnings ratio of 138.62.
Evolution Petroleum Corp. (NYSE:EPM) last announced its earnings results on Wednesday, May 7th. The company reported $0.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.04 by $0.02. Analysts expect that Evolution Petroleum Corp. will post $0.25 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Monday, June 30th. Shareholders of record on Monday, June 16th will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 3.63%. The ex-dividend date of this dividend 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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