Evolution Petroleum (NYSEAMERICAN:EPM) Shares Up 0.6% – Here’s Why

Evolution Petroleum Corporation, Inc. (NYSEAMERICAN:EPM) shot up 0.6% during trading on Monday . The company traded as high as $3.62 and last traded at $3.55. 665,791 shares changed hands during mid-day trading, an increase of 65% from the average session volume of 402,758 shares. The stock had previously closed at $3.53.

Evolution Petroleum Trading Up 0.6%

The company has a market cap of $123.15 million, a price-to-earnings ratio of -355.00 and a beta of 0.26. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.70 and a quick ratio of 0.70. The business’s 50-day simple moving average is $4.18 and its 200-day simple moving average is $4.68.

Evolution Petroleum Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Monday, December 15th will be given a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 13.5%. The ex-dividend date is Monday, December 15th. Evolution Petroleum’s dividend payout ratio is currently 600.08%.

About Evolution Petroleum

Evolution Petroleum Corporation (NYSE American: EPM) is an independent oil and natural gas company focused on enhanced oil recovery (EOR) through the use of carbon dioxide. Headquartered in Houston, Texas, the company specializes in acquiring and developing mature hydrocarbon reservoirs that benefit from CO? injection to increase production efficiency. Evolution Petroleum’s business model combines property acquisition, reservoir engineering, and CO? management to optimize recovery of oil and associated gas.

The company’s primary asset is the Jackson Dome CO? field in southwestern Mississippi, where natural carbon dioxide is produced, separated and reinjected into adjacent oil-bearing formations.