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

Evolution Petroleum Co. (NYSEAMERICAN:EPM - Get Free Report) declared 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 dividend on an annualized basis and a dividend yield of 8.54%. The ex-dividend date 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. Equities analysts expect Evolution Petroleum to earn $0.42 per share next year, which means the company may not be able to cover its $0.48 annual dividend with an expected future payout ratio of 114.3%.

Evolution Petroleum Stock Performance

EPM traded up $0.23 on Thursday, reaching $5.62. The company had a trading volume of 371,688 shares, compared to its average volume of 310,815. The firm has a market capitalization of $187.48 million, a PE ratio of 69.76 and a beta of 0.82. 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 one year low of $4.59 and a one year high of $7.98.

Evolution Petroleum (NYSEAMERICAN:EPM - Get Free Report) last released its earnings results 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). The firm had revenue of $21.23 million during the quarter, compared to analyst estimates of $24.44 million. Evolution Petroleum had a return on equity of 4.19% and a net margin of 3.64%. On average, sell-side analysts anticipate that Evolution Petroleum will post 0.14 earnings per share for the current fiscal year.

Analyst Ratings Changes

Separately, StockNews.com upgraded shares of Evolution Petroleum to a "sell" rating in a research report on Wednesday.

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.