Evolution Petroleum Corp (EPM) Sees Unusually-High Trading Volume
Shares of Evolution Petroleum Corp (NYSE:EPM) saw unusually-high trading volume on Friday . Approximately 122,626 shares changed hands during 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.
EPM has been the subject of several analyst reports. Roth Capital reaffirmed a “buy” rating on shares of Evolution Petroleum Corp in a report on Tuesday, July 12th. Zacks Investment Research raised shares of Evolution Petroleum Corp from a “hold” rating to a “buy” rating and set a $6.00 price objective for the company in a report on Tuesday, July 5th.
The company has a 50-day moving average of $5.59 and a 200-day moving average of $5.03. The firm has a market capitalization of $181.09 million and a P/E ratio of 37.00.
The firm also recently disclosed a dividend, which was paid on Thursday, June 30th. Investors of record on Wednesday, June 15th were paid 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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