Evolution Petroleum Corporation to Issue Quarterly Dividend of $0.12 (NYSE:EPM)

Evolution Petroleum Corporation (NYSE:EPM - Get Free Report) declared a quarterly dividend on Monday, February 10th,Wall Street Journal reports. Investors of record on Friday, March 14th will be given a dividend of 0.12 per share on Monday, March 31st. This represents a $0.48 dividend on an annualized basis and a yield of 9.14%. The ex-dividend date is Friday, March 14th.

Evolution Petroleum has raised its dividend payment by an average of 27.8% per year over the last three years.

Evolution Petroleum Trading Down 0.2 %

Evolution Petroleum stock traded down $0.01 during trading hours on Friday, reaching $5.25. 139,492 shares of the stock were exchanged, compared to its average volume of 139,375. The stock has a 50 day moving average price of $5.34. The company has a market cap of $179.83 million, a P/E ratio of 37.50 and a beta of 0.87. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.69 and a current ratio of 1.69. Evolution Petroleum has a twelve month low of $4.59 and a twelve month high of $6.28.

Analyst Ratings Changes

Several brokerages recently weighed in on EPM. StockNews.com downgraded Evolution Petroleum from a "hold" rating to a "sell" rating in a research report on Friday, February 7th. Northland Securities dropped their target price on shares of Evolution Petroleum from $7.00 to $6.50 and set an "outperform" rating for the company in a report on Thursday, February 6th.

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 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.