Evolution Petroleum Corp (NYSE:EPM) saw a large increase in short interest during the month of January. As of January 15th, there was short interest totalling 661,803 shares, an increase of 8.3% from the December 31st total of 610,889 shares, AnalystRatings.Net reports. Currently, 2.3% of the company’s stock are short sold. Based on an average daily trading volume, of 88,875 shares, the short-interest ratio is currently 7.4 days.

A number of brokerages have recently issued reports on EPM. Keefe, Bruyette & Woods cut shares of Evolution Petroleum Corp from an “outperform” rating to a “market perform” rating and set a $7.00 target price on the stock. in a report on Tuesday, November 10th. Northland Securities raised shares of Evolution Petroleum Corp from a “market perform” rating to an “outperform” rating in a report on Monday, December 14th. Zacks Investment Research cut shares of Evolution Petroleum Corp from a “buy” rating to a “hold” rating in a report on Tuesday, November 17th. Finally, Sidoti began coverage on shares of Evolution Petroleum Corp in a report on Thursday, October 15th. They issued a “buy” rating and a $9.00 target price on the stock. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $7.80.

Evolution Petroleum Corp (NYSE:EPM) opened at 4.66 on Friday. The company has a market capitalization of $151.16 million and a PE ratio of 24.53. Evolution Petroleum Corp has a 12-month low of $3.60 and a 12-month high of $7.97. The firm has a 50-day moving average of $4.59 and a 200 day moving average of $5.58.

Evolution Petroleum Corp (NYSE:EPM) last posted its quarterly earnings results on Wednesday, November 4th. The company reported $0.09 earnings per share for the quarter, beating the consensus estimate of $0.05 by $0.04. During the same period last year, the firm posted $0.03 earnings per share. The company earned $7.38 million during the quarter, compared to the consensus estimate of $7.99 million. The company’s revenue for the quarter was up 84.2% on a year-over-year basis. Analysts forecast that Evolution Petroleum Corp will post $0.22 EPS for the current fiscal year.

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 (NYSE:EPM) for recovering incremental oil and gas from existing wells. The Company’s projects include Delhi Field, Giddings Field and Lopez Field. The Company’s mineral interests in the Delhi Holt-Bryant Unit in the Delhi Field (Unit) are located in Northeast Louisiana. The Unit is approximately 13,636 acres in size. The Unit has a production totaling approximately 195 million barrels (bbls) of oil through primary and limited secondary recovery operations. The Company’s Giddings Field is located in Central Texas. The Company’s Lopez Field is located in South Texas. The Company has leases covering approximately 782 net acres in the Lopez Field in South Texas.

12 Month Chart for NYSE:EPM

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