Evolution Petroleum Corp (NYSE:EPM) was the recipient of a large decrease in short interest during the month of August. As of August 31st, there was short interest totalling 579,760 shares, a decrease of 8.5% from the August 15th total of 633,528 shares. Based on an average trading volume of 73,731 shares, the short-interest ratio is currently 7.9 days. Currently, 1.9% of the shares of the stock are sold short.

Shares of Evolution Petroleum Corp (EPM) opened at 6.85 on Wednesday. The company has a 50-day moving average of $7.60 and a 200-day moving average of $7.85. Evolution Petroleum Corp has a 52 week low of $5.79 and a 52 week high of $10.20. The firm has a market capitalization of $223.78 million and a PE ratio of 8.70.

Evolution Petroleum Corp (NYSE:EPM) last issued its quarterly earnings results on Wednesday, September 6th. The energy company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.07 by ($0.02). Evolution Petroleum Corp had a return on equity of 14.11% and a net margin of 25.40%. The business had revenue of $8.84 million during the quarter, compared to the consensus estimate of $9.52 million. During the same quarter last year, the firm posted $0.63 earnings per share. Evolution Petroleum Corp’s revenue was up 22.1% compared to the same quarter last year. On average, equities analysts forecast that Evolution Petroleum Corp will post $0.33 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 15th will be given a $0.075 dividend. The ex-dividend date is Thursday, September 14th. This is a boost from Evolution Petroleum Corp’s previous quarterly dividend of $0.07. This represents a $0.30 annualized dividend and a yield of 4.38%.

A number of equities research analysts recently commented on the stock. Zacks Investment Research cut shares of Evolution Petroleum Corp from a “hold” rating to a “sell” rating in a research note on Monday. Northland Securities set a $8.00 price objective on shares of Evolution Petroleum Corp and gave the company a “hold” rating in a research note on Monday, August 28th. Roth Capital set a $11.00 price objective on shares of Evolution Petroleum Corp and gave the company a “buy” rating in a research note on Thursday, August 10th. BidaskClub cut shares of Evolution Petroleum Corp from a “buy” rating to a “hold” rating in a research note on Tuesday, July 25th. Finally, Scotiabank set a $10.00 price objective on shares of Evolution Petroleum Corp and gave the company a “buy” rating in a research note on Saturday, July 22nd. One analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company. Evolution Petroleum Corp presently has a consensus rating of “Hold” and an average target price of $9.60.

A number of institutional investors have recently modified their holdings of the business. Vanguard Group Inc. raised its position in Evolution Petroleum Corp by 3.8% in the second quarter. Vanguard Group Inc. now owns 1,232,494 shares of the energy company’s stock worth $9,983,000 after acquiring an additional 44,569 shares in the last quarter. Dimensional Fund Advisors LP raised its position in Evolution Petroleum Corp by 29.0% in the second quarter. Dimensional Fund Advisors LP now owns 521,681 shares of the energy company’s stock worth $4,226,000 after acquiring an additional 117,380 shares in the last quarter. State Street Corp raised its position in Evolution Petroleum Corp by 16.9% in the second quarter. State Street Corp now owns 437,746 shares of the energy company’s stock worth $3,548,000 after acquiring an additional 63,208 shares in the last quarter. Bard Associates Inc. raised its position in Evolution Petroleum Corp by 0.7% in the second quarter. Bard Associates Inc. now owns 406,268 shares of the energy company’s stock worth $3,291,000 after acquiring an additional 2,825 shares in the last quarter. Finally, Northern Trust Corp raised its position in Evolution Petroleum Corp by 18.3% in the second quarter. Northern Trust Corp now owns 380,506 shares of the energy company’s stock worth $3,083,000 after acquiring an additional 58,964 shares in the last quarter.

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About Evolution Petroleum Corp

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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