Evolution Petroleum Corp (NYSE:EPM)’s share price was up 3.2% during trading on Tuesday . The company traded as high as $6.21 and last traded at $6.19, with a volume of 74,736 shares traded. The stock had previously closed at $6.00.

A number of equities analysts have commented on EPM shares. Zacks Investment Research upgraded shares of Evolution Petroleum Corp from a “hold” rating to a “buy” rating and set a $6.00 price objective for the company in a research report on Tuesday, July 5th. Roth Capital restated a “buy” rating on shares of Evolution Petroleum Corp in a research report on Thursday, May 26th. Finally, TheStreet upgraded shares of Evolution Petroleum Corp from a “hold” rating to a “buy” rating in a research report on Thursday, September 8th.

The company has a 50-day moving average price of $5.67 and a 200 day moving average price of $5.41. The stock has a market capitalization of $201.18 million and a P/E ratio of 8.48.

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The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 30th. Stockholders of record on Thursday, September 15th will be paid a dividend of $0.05 per share. The ex-dividend date is Tuesday, September 13th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 3.23%.

Several hedge funds have recently bought and sold shares of the stock. Thomson Horstmann & Bryant Inc. raised its stake in shares of Evolution Petroleum Corp by 3.2% in the second quarter. Thomson Horstmann & Bryant Inc. now owns 1,045,972 shares of the company’s stock worth $5,721,000 after buying an additional 32,128 shares during the period. Vanguard Group Inc. raised its stake in shares of Evolution Petroleum Corp by 6.1% in the second quarter. Vanguard Group Inc. now owns 863,342 shares of the company’s stock worth $4,722,000 after buying an additional 49,493 shares during the period. WealthTrust Axiom LLC raised its stake in shares of Evolution Petroleum Corp by 14.2% in the second quarter. WealthTrust Axiom LLC now owns 619,277 shares of the company’s stock worth $3,387,000 after buying an additional 76,789 shares during the period. State Street Corp raised its stake in shares of Evolution Petroleum Corp by 0.9% in the second quarter. State Street Corp now owns 281,942 shares of the company’s stock worth $1,542,000 after buying an additional 2,609 shares during the period. Finally, Bank of New York Mellon Corp raised its stake in shares of Evolution Petroleum Corp by 9.7% in the second quarter. Bank of New York Mellon Corp now owns 266,179 shares of the company’s stock worth $1,456,000 after buying an additional 23,451 shares during the period.

About Evolution Petroleum Corp

Evolution Petroleum Corporation is an independent petroleum company. The Company is engaged in the acquisition, exploitation and development of properties for the production of crude oil and natural gas, onshore in the United States. The Company focuses on applying artificial lift technology called Gas Assisted Rod Pump (GARP) for recovering incremental oil and gas from existing wells.

5 Day Chart for NYSE:EPM

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