Evolution Petroleum Corporation, Inc. (NYSEAMERICAN:EPM) Short Interest Down 12.0% in February

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

Institutional Investors Weigh In On Evolution Petroleum

Hedge funds have recently bought and sold shares of the business. Rothschild Wealth LLC bought a new position in Evolution Petroleum during the fourth quarter valued at $617,000. WealthTrust Axiom LLC raised its position in shares of Evolution Petroleum by 9.4% during the 4th quarter. WealthTrust Axiom LLC now owns 1,948,657 shares of the energy company’s stock valued at $6,898,000 after buying an additional 166,624 shares in the last quarter. Ritholtz Wealth Management purchased a new stake in shares of Evolution Petroleum during the 3rd quarter valued at about $655,000. Raymond James Financial Inc. lifted its holdings in shares of Evolution Petroleum by 30.9% in the 2nd quarter. Raymond James Financial Inc. now owns 468,620 shares of the energy company’s stock valued at $2,203,000 after acquiring an additional 110,687 shares during the last quarter. Finally, American Century Companies Inc. lifted its holdings in shares of Evolution Petroleum by 14.2% in the 2nd quarter. American Century Companies Inc. now owns 855,498 shares of the energy company’s stock valued at $4,021,000 after acquiring an additional 106,056 shares during the last quarter. Hedge funds and other institutional investors own 60.07% of the company’s stock.

Analyst Upgrades and Downgrades

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

Evolution Petroleum Trading Down 2.2%

Shares of Evolution Petroleum stock opened at $4.49 on Wednesday. Evolution Petroleum has a twelve month low of $3.19 and a twelve month high of $5.70. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.81. The business has a 50-day moving average price of $4.12 and a 200-day moving average price of $4.30. The firm has a market cap of $157.15 million, a price-to-earnings ratio of 56.13 and a beta of 0.28.

Evolution Petroleum Announces Dividend

The firm also recently announced 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 dividend on an annualized basis and a dividend yield of 10.7%. Evolution Petroleum’s dividend payout ratio (DPR) is 600.08%.

Evolution Petroleum Company Profile

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.