Evolution Petroleum Corporation, Inc. (NYSEAMERICAN:EPM) Stock to Pay Quarterly Dividend of $0.12

Evolution Petroleum Corporation, Inc. (NYSEAMERICAN:EPM) announced a quarterly dividend on Tuesday, November 10th. Shareholders of record on Tuesday, December 15th will be paid a dividend of $0.12 per share by the energy company on Thursday, December 31st. This represents a $0.48 dividend on an annualized basis and a yield of 14.7%. The ex-dividend date of this dividend is Tuesday, December 15th.

Evolution Petroleum has increased its dividend payment by an average of 0.1% per year over the last three years. Evolution Petroleum has a dividend payout ratio of 4,800.0% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities research analysts expect Evolution Petroleum to earn $0.09 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 533.3%.

Evolution Petroleum Price Performance

Shares of EPM traded down $0.30 on Wednesday, hitting $3.27. The company’s stock had a trading volume of 482,700 shares, compared to its average volume of 421,444. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.92 and a quick ratio of 0.92. The company has a market capitalization of $132.72 million, a PE ratio of -40.81 and a beta of 0.42. The company has a 50 day moving average price of $3.68 and a 200 day moving average price of $4.04. Evolution Petroleum has a fifty-two week low of $3.19 and a fifty-two week high of $4.99.

Evolution Petroleum (NYSEAMERICAN:EPM) last issued its quarterly earnings results on Tuesday, November 10th. The energy company reported ($0.01) earnings per share for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.02). Evolution Petroleum had a negative net margin of 2.81% and a negative return on equity of 5.41%. The company had revenue of $22.57 million during the quarter, compared to analyst estimates of $22.57 million. On average, research analysts anticipate that Evolution Petroleum will post 0.05 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research analysts recently commented on the stock. Zacks Research upgraded shares of Evolution Petroleum from a “strong sell” rating to a “hold” rating in a report on Friday, August 28th. Alliance Global Partners restated a “buy” rating on shares of Evolution Petroleum in a report on Tuesday, August 25th. Northland Securities set a $4.25 price objective on Evolution Petroleum in a report on Thursday, September 17th. Finally, Freedom Broker raised Evolution Petroleum from a “hold” rating to a “buy” rating and set a $4.50 target price on the stock in a research report on Tuesday, September 22nd. Four equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $4.76.

About Evolution Petroleum

Evolution Petroleum Corporation is an independent oil and natural gas company focused on acquiring, developing and optimizing mature, long-lived producing properties in the United States. The company emphasizes assets that can generate production and cash flow through enhanced oil recovery, operational improvements and reservoir management. Evolution Petroleum’s portfolio has historically included the Delhi Field in northeastern Louisiana, where carbon dioxide injection is used for tertiary oil recovery.