Howard Weil assumed coverage on shares of Evolution Petroleum Corp (NYSE:EPM) in a report released on Monday morning. The firm issued a sector outperform rating and a $10.00 price objective on the stock.

A number of other research analysts have also commented on EPM. Roth Capital reaffirmed a buy rating on shares of Evolution Petroleum Corp in a research report on Tuesday, July 12th. Zacks Investment Research lowered shares of Evolution Petroleum Corp from a buy rating to a sell rating in a research report on Wednesday, July 6th. Finally, TheStreet raised shares of Evolution Petroleum Corp from a hold rating to a buy rating in a research report on Thursday, September 8th.

Shares of Evolution Petroleum Corp (NYSE:EPM) traded down 1.89% during trading on Monday, hitting $7.79. The stock had a trading volume of 37,476 shares. The stock’s 50-day moving average price is $6.21 and its 200 day moving average price is $5.61. The stock has a market cap of $253.18 million and a price-to-earnings ratio of 10.67. Evolution Petroleum Corp has a one year low of $3.60 and a one year high of $8.48.

The firm also recently declared a quarterly dividend, which was paid on Friday, September 30th. Investors of record on Thursday, September 15th were given a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 2.52%. The ex-dividend date of this dividend was Tuesday, September 13th.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Numeric Investors LLC acquired a new position in Evolution Petroleum Corp during the second quarter valued at about $103,000. Rhumbline Advisers raised its position in Evolution Petroleum Corp by 38.2% in the second quarter. Rhumbline Advisers now owns 32,465 shares of the company’s stock valued at $178,000 after buying an additional 8,976 shares during the period. Strs Ohio raised its position in Evolution Petroleum Corp by 15.2% in the second quarter. Strs Ohio now owns 66,700 shares of the company’s stock valued at $364,000 after buying an additional 8,800 shares during the period. BlackRock Investment Management LLC boosted its stake in shares of Evolution Petroleum Corp by 7.9% in the second quarter. BlackRock Investment Management LLC now owns 88,576 shares of the company’s stock valued at $485,000 after buying an additional 6,493 shares in the last quarter. Finally, Allianz Asset Management AG boosted its stake in shares of Evolution Petroleum Corp by 44.6% in the second quarter. Allianz Asset Management AG now owns 164,669 shares of the company’s stock valued at $901,000 after buying an additional 50,803 shares in the last quarter.

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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