Evolution Petroleum Co. (EPM) To Go Ex-Dividend on September 20th

Evolution Petroleum Co. (NYSEAMERICAN:EPM) declared a quarterly dividend on Monday, September 9th, Wall Street Journal reports. Stockholders of record on Friday, September 20th will be given a dividend of 0.12 per share by the energy company on Monday, September 30th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 8.30%. The ex-dividend date of this dividend is Friday, September 20th.

Evolution Petroleum has increased its dividend payment by an average of 40.0% per year over the last three years. Evolution Petroleum has a dividend payout ratio of 111.6% meaning 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 Up 0.9 %

NYSEAMERICAN EPM opened at $5.78 on Wednesday. The company has a quick ratio of 1.49, a current ratio of 1.49 and a debt-to-equity ratio of 0.51. Evolution Petroleum has a 12 month low of $4.59 and a 12 month high of $7.14. The stock has a market capitalization of $192.82 million, a P/E ratio of 71.63 and a beta of 0.81.

Evolution Petroleum (NYSEAMERICAN:EPM) last issued its quarterly earnings data on Tuesday, September 10th. The energy company reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.03). Evolution Petroleum had a net margin of 4.75% and a return on equity of 5.30%. The firm had revenue of $21.23 million for the quarter, compared to analyst estimates of $24.44 million. As a group, equities analysts predict that Evolution Petroleum will post 0.42 earnings per share for the current year.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded Evolution Petroleum to a “sell” rating in a report on Wednesday, September 11th.

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.