Short Interest in Evolution Petroleum Corp. Grows By 2.7% (EPM)
Shares of Evolution Petroleum Corp. (NYSE:EPM) were the target of a large growth in short interest in the month of June. As of June 13th, there was short interest totalling 736,118 shares, a growth of 2.7% from the May 30th total of 716,992 shares, American Banking and Market News reports. Based on an average daily trading volume, of 50,995 shares, the days-to-cover ratio is presently 14.4 days. Approximately 2.7% of the company’s shares 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, May 29th. They now have a $11.60 price target on the stock.
Evolution Petroleum Corp. (NYSE:EPM) opened at 11.12 on Thursday. 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 $11.02 and its 200-day moving average is $12.14. The company has a market cap of $360.4 million and a price-to-earnings ratio of 139.00.
Evolution Petroleum Corp. (NYSE:EPM) last released its earnings data 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 announced a quarterly dividend, which is scheduled for Monday, June 30th. Investors 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 3.60%. 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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