Evolution Petroleum Co. (NYSEAMERICAN:EPM) Short Interest Update

Evolution Petroleum Co. (NYSEAMERICAN:EPM) saw a large growth in short interest in the month of April. As of April 15th, there was short interest totalling 1,120,000 shares, a growth of 16.2% from the March 31st total of 963,800 shares. Based on an average trading volume of 305,000 shares, the days-to-cover ratio is currently 3.7 days. Currently, 3.7% of the shares of the company are short sold.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Ritholtz Wealth Management boosted its holdings in Evolution Petroleum by 49.5% in the fourth quarter. Ritholtz Wealth Management now owns 15,714 shares of the energy company’s stock valued at $91,000 after acquiring an additional 5,206 shares during the last quarter. Janney Montgomery Scott LLC acquired a new position in Evolution Petroleum in the third quarter valued at $294,000. Raymond James Financial Services Advisors Inc. boosted its holdings in Evolution Petroleum by 88.0% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 116,023 shares of the energy company’s stock valued at $674,000 after acquiring an additional 54,315 shares during the last quarter. Exchange Traded Concepts LLC acquired a new position in Evolution Petroleum in the fourth quarter valued at $377,000. Finally, Alps Advisors Inc. acquired a new position in shares of Evolution Petroleum during the third quarter worth about $257,000. Institutional investors and hedge funds own 60.07% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently commented on EPM shares. Roth Mkm reissued a “buy” rating and issued a $8.25 price target on shares of Evolution Petroleum in a report on Thursday, April 4th. TheStreet cut Evolution Petroleum from a “b” rating to a “c+” rating in a report on Wednesday, February 7th.

Evolution Petroleum Stock Down 8.1 %

Evolution Petroleum stock opened at $5.40 on Wednesday. The firm has a market cap of $180.52 million, a price-to-earnings ratio of 11.24 and a beta of 0.89. Evolution Petroleum has a fifty-two week low of $5.00 and a fifty-two week high of $10.11.

Evolution Petroleum (NYSEAMERICAN:EPM) last released its quarterly earnings results on Tuesday, February 6th. The energy company reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.10 by ($0.07). Evolution Petroleum had a return on equity of 18.44% and a net margin of 17.25%. The company had revenue of $21.02 million for the quarter, compared to analysts’ expectations of $23.67 million. On average, research analysts anticipate that Evolution Petroleum will post 0.19 EPS for the current year.

Evolution Petroleum Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 15th were issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 8.90%. The ex-dividend date of this dividend was Thursday, March 14th. Evolution Petroleum’s dividend payout ratio (DPR) is 100.00%.

Evolution Petroleum Company Profile

Evolution Petroleum Corporation, an energy company, engages in the development, production, ownership, and exploitation of onshore oil and gas properties in the United States. The company holds interests in a CO2 enhanced oil recovery project in Louisiana's Delhi field. Its Delhi Holt-Bryant Unit covers an area of approximately 13,636 acres located in Northeast Louisiana.