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

Evolution Petroleum Corporation, Inc. (NYSEAMERICAN:EPM) was the target of 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. Currently, 5.9% of the shares of the company are short sold. Based on an average daily volume of 421,523 shares, the short-interest ratio is currently 4.4 days. Based on an average daily volume of 421,523 shares, the short-interest ratio is currently 4.4 days. Currently, 5.9% of the shares of the company are short sold.

Evolution Petroleum Price Performance

NYSEAMERICAN:EPM opened at $4.45 on Thursday. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.90 and a current ratio of 0.90. The company has a 50-day moving average of $4.14 and a 200-day moving average of $4.30. Evolution Petroleum has a 52 week low of $3.19 and a 52 week high of $5.70. The company has a market capitalization of $155.75 million, a price-to-earnings ratio of 55.63 and a beta of 0.28.

Evolution Petroleum Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders 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 10.8%. Evolution Petroleum’s dividend payout ratio is presently 600.08%.

Wall Street Analysts Forecast Growth

EPM has been the subject of several recent analyst reports. Freedom Capital raised shares of Evolution Petroleum to a “strong-buy” rating in a report on Tuesday, December 23rd. Roth Mkm initiated 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 for the company. Finally, Loop Capital set a $5.30 target price on shares of Evolution Petroleum in a research note on Tuesday, December 23rd. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $5.33.

Institutional Trading of Evolution Petroleum

Several institutional investors have recently bought and sold shares of EPM. WealthTrust Axiom LLC grew 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 valued at $6,898,000 after acquiring an additional 166,624 shares during the period. Vanguard Group Inc. lifted its holdings in shares of Evolution Petroleum by 0.3% during the third quarter. Vanguard Group Inc. now owns 1,600,822 shares of the energy company’s stock valued at $7,716,000 after acquiring an additional 5,101 shares during the period. Ranger Investment Management L.P. boosted its stake in shares of Evolution Petroleum by 7.4% in 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. boosted its stake 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 purchasing an additional 106,056 shares in the last quarter. Finally, Geode Capital Management LLC grew its holdings in shares of Evolution Petroleum by 4.0% in the 4th quarter. Geode Capital Management LLC now owns 756,703 shares of the energy company’s stock worth $2,679,000 after purchasing an additional 29,101 shares during the last quarter. 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.