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

Evolution Petroleum Co. (NYSEAMERICAN:EPM - Get Free Report) saw a large increase in short interest in the month of September. As of September 30th, there was short interest totalling 1,260,000 shares, an increase of 10.5% from the September 15th total of 1,140,000 shares. Approximately 4.2% of the shares of the stock are sold short. Based on an average trading volume of 276,100 shares, the short-interest ratio is currently 4.6 days.

Hedge Funds Weigh In On Evolution Petroleum

Several large investors have recently modified their holdings of the stock. Vanguard Group Inc. increased its stake in Evolution Petroleum by 0.6% during the first quarter. Vanguard Group Inc. now owns 1,611,605 shares of the energy company's stock valued at $9,895,000 after purchasing an additional 8,904 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in Evolution Petroleum by 0.4% during the second quarter. Dimensional Fund Advisors LP now owns 1,336,348 shares of the energy company's stock worth $7,043,000 after acquiring an additional 5,250 shares during the period. Renaissance Technologies LLC lifted its holdings in Evolution Petroleum by 4.7% in the second quarter. Renaissance Technologies LLC now owns 1,315,383 shares of the energy company's stock worth $6,932,000 after acquiring an additional 58,586 shares during the last quarter. North Star Investment Management Corp. lifted its holdings in Evolution Petroleum by 8.9% in the first quarter. North Star Investment Management Corp. now owns 769,369 shares of the energy company's stock worth $4,724,000 after acquiring an additional 63,105 shares during the last quarter. Finally, American Century Companies Inc. boosted its stake in Evolution Petroleum by 5.5% in the second quarter. American Century Companies Inc. now owns 572,850 shares of the energy company's stock valued at $3,019,000 after acquiring an additional 29,823 shares during the period. Institutional investors own 60.07% of the company's stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised Evolution Petroleum to a "sell" rating in a research report on Wednesday, September 11th.

Evolution Petroleum Price Performance

EPM traded down $0.15 during trading on Tuesday, hitting $5.39. 221,381 shares of the company's stock were exchanged, compared to its average volume of 300,855. The company has a quick ratio of 1.49, a current ratio of 1.49 and a debt-to-equity ratio of 0.51. The company has a market cap of $179.81 million, a P/E ratio of 67.63 and a beta of 0.81. Evolution Petroleum has a 1 year low of $4.59 and a 1 year high of $6.72.

Evolution Petroleum (NYSEAMERICAN:EPM - Get Free Report) last posted its earnings results on Tuesday, September 10th. The energy company reported $0.03 EPS for the quarter, missing analysts' consensus estimates of $0.06 by ($0.03). The firm had revenue of $21.23 million for the quarter, compared to analyst estimates of $24.44 million. Evolution Petroleum had a return on equity of 5.30% and a net margin of 4.75%. On average, analysts expect that Evolution Petroleum will post 0.42 earnings per share for the current year.

Evolution Petroleum Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, September 20th were issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 8.91%. The ex-dividend date was Friday, September 20th. Evolution Petroleum's dividend payout ratio is currently 600.08%.

About Evolution Petroleum

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.