Evolution Petroleum Corporation, Inc. (NYSEAMERICAN:EPM) Short Interest Update

Evolution Petroleum Corporation, Inc. (NYSEAMERICAN:EPM) saw a significant decline in short interest in the month of February. As of February 27th, there was short interest totaling 1,833,717 shares, a decline of 12.0% from the February 12th total of 2,084,189 shares. Based on an average trading volume of 421,523 shares, the days-to-cover ratio is presently 4.4 days. Currently, 5.9% of the shares of the company are sold short. Currently, 5.9% of the shares of the company are sold short. Based on an average trading volume of 421,523 shares, the days-to-cover ratio is presently 4.4 days.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on EPM shares. Roth Mkm started coverage on shares of Evolution Petroleum in a report on Thursday, December 4th. They issued a “buy” rating and a $5.00 price objective on the stock. Loop Capital set a $5.30 target price on shares of Evolution Petroleum in a research note on Tuesday, December 23rd. Freedom Capital upgraded shares of Evolution Petroleum to a “strong-buy” rating in a research report on Tuesday, December 23rd. Finally, Zacks Research upgraded shares of Evolution Petroleum from a “strong sell” rating to a “hold” rating in a research note on Tuesday, November 18th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $5.33.

Evolution Petroleum Trading Down 2.1%

Shares of EPM stock opened at $4.59 on Tuesday. Evolution Petroleum has a 1 year low of $3.19 and a 1 year high of $5.70. The firm has a market capitalization of $160.65 million, a PE ratio of 57.38 and a beta of 0.27. The stock has a fifty day moving average of $4.09 and a two-hundred day moving average of $4.30. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.90 and a current ratio of 0.90.

Evolution Petroleum Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Monday, March 16th will be issued a $0.12 dividend. The ex-dividend date of this dividend is Monday, March 16th. This represents a $0.48 annualized dividend and a yield of 10.5%. Evolution Petroleum’s dividend payout ratio is presently 600.08%.

Hedge Funds Weigh In On Evolution Petroleum

Several large investors have recently bought and sold shares of the stock. WealthTrust Axiom LLC lifted its position in Evolution Petroleum by 9.4% in the fourth quarter. WealthTrust Axiom LLC now owns 1,948,657 shares of the energy company’s stock worth $6,898,000 after purchasing an additional 166,624 shares during the period. Vanguard Group Inc. boosted its stake in Evolution Petroleum by 0.3% during the 3rd quarter. Vanguard Group Inc. now owns 1,600,822 shares of the energy company’s stock valued at $7,716,000 after purchasing an additional 5,101 shares in the last quarter. Ranger Investment Management L.P. boosted its stake in Evolution Petroleum by 7.4% during the 2nd quarter. Ranger Investment Management L.P. now owns 1,146,350 shares of the energy company’s stock valued at $5,388,000 after purchasing an additional 79,280 shares in the last quarter. American Century Companies Inc. increased its position in shares of Evolution Petroleum by 14.2% during the 2nd quarter. American Century Companies Inc. now owns 855,498 shares of the energy company’s stock valued at $4,021,000 after purchasing an additional 106,056 shares during the period. Finally, Geode Capital Management LLC increased its position in shares of Evolution Petroleum by 4.0% during the 4th quarter. Geode Capital Management LLC now owns 756,703 shares of the energy company’s stock valued at $2,679,000 after purchasing an additional 29,101 shares during the period. Institutional investors and hedge funds own 60.07% of the company’s stock.

About Evolution Petroleum

Evolution Petroleum Corporation (NYSE American: EPM) is an independent oil and natural gas company focused on enhanced oil recovery (EOR) through the use of carbon dioxide. Headquartered in Houston, Texas, the company specializes in acquiring and developing mature hydrocarbon reservoirs that benefit from CO₂ injection to increase production efficiency. Evolution Petroleum’s business model combines property acquisition, reservoir engineering, and CO₂ management to optimize recovery of oil and associated gas.

The company’s primary asset is the Jackson Dome CO₂ field in southwestern Mississippi, where natural carbon dioxide is produced, separated and reinjected into adjacent oil-bearing formations.