Evolution Petroleum Co. (NYSEAMERICAN:EPM) Plans Quarterly Dividend of $0.12

Evolution Petroleum Co. (NYSEAMERICAN:EPM) announced a quarterly dividend on Monday, September 9th, Wall Street Journal reports. Stockholders of record on Friday, September 20th will be paid a dividend of 0.12 per share by the energy company on Monday, September 30th. This represents a $0.48 annualized dividend and a dividend yield of 8.56%. The ex-dividend date is Friday, September 20th.

Evolution Petroleum has raised its dividend payment by an average of 40.0% annually over the last three years. Evolution Petroleum has a dividend payout ratio of 184.6% 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 Price Performance

Shares of EPM stock opened at $5.61 on Thursday. The stock has a market capitalization of $187.15 million, a P/E ratio of 70.13 and a beta of 0.81. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.49 and a quick ratio of 1.49. Evolution Petroleum has a twelve month low of $4.59 and a twelve month high of $7.14.

Evolution Petroleum (NYSEAMERICAN:EPM) last posted its quarterly earnings data on Tuesday, September 10th. The energy company reported $0.03 earnings per share 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 during the quarter, compared to analyst estimates of $24.44 million. Equities analysts predict that Evolution Petroleum will post 0.42 earnings per share for the current year.

Analyst Ratings Changes

Separately, StockNews.com raised Evolution Petroleum to a “sell” rating in a research note 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.