Evolution Petroleum Corp (EPM) Sees Strong Trading Volume
Evolution Petroleum Corp (NYSE:EPM) saw an uptick in trading volume on Friday . 122,626 shares were traded during mid-day trading, an increase of 88% from the previous session’s volume of 65,327 shares.The stock last traded at $5.55 and had previously closed at $5.62.
A number of brokerages recently commented on EPM. Roth Capital reissued a “buy” rating on shares of Evolution Petroleum Corp in a report on Tuesday, July 12th. Zacks Investment Research downgraded Evolution Petroleum Corp from a “buy” rating to a “sell” rating in a report on Wednesday, July 6th.
The firm has a market capitalization of $181.09 million and a PE ratio of 37.00. The company’s 50-day moving average price is $5.59 and its 200 day moving average price is $5.03.
The business also recently announced a dividend, which was paid on Thursday, June 30th. Shareholders of record on Wednesday, June 15th were issued a dividend of $0.05 per share. The ex-dividend date was Monday, June 13th.
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 (GARP) for recovering incremental oil and gas from existing wells.
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