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

Evolution Petroleum Corporation (NYSE:EPM) announced a quarterly dividend on Monday, February 10th,Wall Street Journal reports. Shareholders 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 9.18%. The ex-dividend date is Friday, March 14th.

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

Evolution Petroleum Stock Down 1.3 %

Shares of EPM traded down $0.07 during trading hours on Wednesday, hitting $5.23. The company had a trading volume of 297,714 shares, compared to its average volume of 158,782. The firm has a market cap of $175.71 million, a price-to-earnings ratio of 37.36 and a beta of 0.87. The company’s 50 day moving average is $5.37. The company has a current ratio of 1.69, a quick ratio of 1.69 and a debt-to-equity ratio of 0.50. Evolution Petroleum has a 52-week low of $4.59 and a 52-week high of $6.28.

Wall Street Analyst Weigh In

EPM has been the topic of several analyst reports. StockNews.com downgraded Evolution Petroleum from a “hold” rating to a “sell” rating in a report on Friday, February 7th. Northland Securities decreased their price objective on Evolution Petroleum from $7.00 to $6.50 and set an “outperform” rating on the stock in a report on Thursday, February 6th. Finally, Northland Capmk upgraded Evolution Petroleum to a “strong-buy” rating in a report on Thursday, October 17th.

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.