Evolution Petroleum Corporation, Inc. (NYSEAMERICAN:EPM) to Issue $0.12 Quarterly Dividend

Evolution Petroleum Corporation, Inc. (NYSEAMERICAN:EPM) declared a quarterly dividend on Monday, November 10th. Stockholders of record on Monday, December 15th will be paid a dividend of 0.12 per share by the energy company on Wednesday, December 31st. This represents a c) annualized dividend and a dividend yield of 10.9%. The ex-dividend date is Monday, December 15th.

Evolution Petroleum has a dividend payout ratio of 4,800.0% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments.

Evolution Petroleum Trading Down 4.4%

NYSEAMERICAN EPM traded down $0.20 on Wednesday, reaching $4.39. The stock had a trading volume of 507,823 shares, compared to its average volume of 202,441. Evolution Petroleum has a 12-month low of $4.05 and a 12-month high of $6.14. The stock has a fifty day moving average price of $4.81 and a two-hundred day moving average price of $4.77. The firm has a market capitalization of $152.33 million, a price-to-earnings ratio of 146.33 and a beta of 0.52. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.52.

Evolution Petroleum (NYSEAMERICAN:EPM) last announced its quarterly earnings data on Tuesday, September 16th. The energy company reported $0.03 earnings per share for the quarter. The firm had revenue of $21.11 million during the quarter, compared to analysts’ expectations of $21.15 million. Evolution Petroleum had a net margin of 1.72% and a return on equity of 2.31%. As a group, sell-side analysts forecast that Evolution Petroleum will post 0.42 EPS for the current fiscal year.

Evolution Petroleum Company Profile

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.