Evolution Petroleum Corp (NYSE:EPM) saw a large growth in short interest in July. As of July 14th, there was short interest totalling 625,822 shares, a growth of 15.2% from the June 30th total of 543,290 shares. Approximately 2.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 97,983 shares, the days-to-cover ratio is presently 6.4 days.

Shares of Evolution Petroleum Corp (EPM) traded up 0.63% during trading on Tuesday, hitting $7.95. 74,140 shares of the stock traded hands. The company has a market cap of $259.71 million and a P/E ratio of 10.10. The stock has a 50-day moving average of $7.86 and a 200 day moving average of $8.13. Evolution Petroleum Corp has a 1-year low of $5.12 and a 1-year high of $10.20.

Evolution Petroleum Corp (NYSE:EPM) last released its quarterly earnings data on Monday, May 8th. The energy company reported $0.07 EPS for the quarter, missing analysts’ consensus estimates of $0.08 by $0.01. Evolution Petroleum Corp had a net margin of 25.40% and a return on equity of 14.11%. The firm had revenue of $9.53 million during the quarter, compared to the consensus estimate of $9.65 million. On average, equities research analysts predict that Evolution Petroleum Corp will post $0.27 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 30th. Stockholders of record on Thursday, June 15th were given a $0.07 dividend. The ex-dividend date of this dividend was Tuesday, June 13th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 3.52%.

EPM has been the subject of several analyst reports. Zacks Investment Research cut shares of Evolution Petroleum Corp from a “buy” rating to a “hold” rating in a research report on Monday, May 1st. Scotiabank set a $11.00 target price on shares of Evolution Petroleum Corp and gave the company a “buy” rating in a research report on Monday, March 27th. Roth Capital set a $11.00 target price on shares of Evolution Petroleum Corp and gave the company a “buy” rating in a research report on Monday, May 22nd. Finally, BidaskClub upgraded shares of Evolution Petroleum Corp from a “hold” rating to a “buy” rating in a research report on Thursday, July 6th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the company’s stock. Evolution Petroleum Corp presently has a consensus rating of “Hold” and an average target price of $10.00.

Several institutional investors have recently added to or reduced their stakes in the stock. American International Group Inc. raised its position in Evolution Petroleum Corp by 7.1% in the first quarter. American International Group Inc. now owns 15,033 shares of the energy company’s stock worth $120,000 after buying an additional 999 shares during the period. Nationwide Fund Advisors raised its position in Evolution Petroleum Corp by 14.2% in the first quarter. Nationwide Fund Advisors now owns 15,915 shares of the energy company’s stock worth $127,000 after buying an additional 1,979 shares during the period. Metropolitan Life Insurance Co. NY raised its position in Evolution Petroleum Corp by 15.1% in the first quarter. Metropolitan Life Insurance Co. NY now owns 20,319 shares of the energy company’s stock worth $163,000 after buying an additional 2,662 shares during the period. River Road Asset Management LLC raised its position in Evolution Petroleum Corp by 0.5% in the first quarter. River Road Asset Management LLC now owns 589,987 shares of the energy company’s stock worth $4,720,000 after buying an additional 2,740 shares during the period. Finally, Bank of New York Mellon Corp raised its position in Evolution Petroleum Corp by 1.4% in the first quarter. Bank of New York Mellon Corp now owns 304,514 shares of the energy company’s stock worth $2,437,000 after buying an additional 4,147 shares during the period.

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Evolution Petroleum Corp Company Profile

Evolution Petroleum Corporation is an independent oil and gas 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. Its assets include interests in a carbon dioxide (CO2) enhanced oil recovery project (EOR) in Louisiana’s Delhi field.

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