Evolution Petroleum (NYSEAMERICAN:EPM) Stock Price Passes Below Fifty Day Moving Average – Should You Sell?

Evolution Petroleum Corporation, Inc. (NYSEAMERICAN:EPM) shares passed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $4.81 and traded as low as $4.48. Evolution Petroleum shares last traded at $4.59, with a volume of 249,222 shares.

Evolution Petroleum Price Performance

The company has a market capitalization of $156.32 million, a price-to-earnings ratio of 150.17 and a beta of 0.52. The stock has a fifty day simple moving average of $4.81 and a 200-day simple moving average of $4.77. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.81 and a quick ratio of 0.81.

Evolution Petroleum (NYSEAMERICAN:EPM) last released its quarterly earnings data on Tuesday, September 16th. The energy company reported $0.03 earnings per share for the quarter. Evolution Petroleum had a net margin of 1.72% and a return on equity of 2.31%. The company had revenue of $21.11 million during the quarter, compared to analysts’ expectations of $21.15 million. On average, equities research analysts anticipate that Evolution Petroleum Corporation, Inc. will post 0.42 EPS for the current year.

Evolution Petroleum Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Monday, December 15th will be paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 10.7%. The ex-dividend date of this dividend is Monday, December 15th. Evolution Petroleum’s dividend payout ratio is presently 600.08%.

About Evolution Petroleum

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.