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

Evolution Petroleum Corporation (NYSE:EPM) declared a quarterly dividend on Monday, September 9th, NASDAQ reports. Stockholders of record on Friday, September 20th will be paid a dividend of 0.12 per share on Monday, September 30th. This represents a $0.48 annualized dividend and a dividend yield of 8.39%. The ex-dividend date of this dividend is Friday, September 20th.

Evolution Petroleum has increased its dividend payment by an average of 40.0% annually over the last three years. Evolution Petroleum has a 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 Stock Down 0.2 %

Shares of Evolution Petroleum stock opened at $5.72 on Wednesday. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.49 and a current ratio of 1.37. Evolution Petroleum has a 1-year low of $4.59 and a 1-year high of $7.14. The firm has a market cap of $190.59 million, a price-to-earnings ratio of 71.57 and a beta of 0.81.

Evolution Petroleum (NYSE:EPM) last issued its quarterly earnings data on Tuesday, September 10th. The company reported $0.03 earnings per share for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.03). The company had revenue of $21.23 million for the quarter, compared to the consensus estimate of $24.44 million. Evolution Petroleum had a net margin of 4.75% and a return on equity of 5.39%. On average, analysts predict that Evolution Petroleum will post 0.42 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded shares of Evolution Petroleum to a “sell” rating in a report on Sunday.

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 a non-operated interests in the SCOOP and STACK plays located in Central Oklahoma; the Chaveroo Field situated in Chaves and Roosevelt Counties, New Mexico; the Jonah Field located in Sublette County, Wyoming; the Williston Basin situated in Williston, North Dakota; the Barnett Shale field located in North Texas; the Hamilton Dome situated in Hot Springs County, Wyoming; and the Delhi Field, an onshore CO2-EOR project located in northeast Louisiana in Franklin, Madison, and Richland Parishes, as well as small overriding royalty interests in four onshore central Texas wells.