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

Evolution Petroleum Corporation (NYSE:EPM) announced a quarterly dividend on Monday, February 10th,Wall Street Journal reports. Investors of record on Friday, March 14th will be paid a dividend of 0.12 per share on Monday, March 31st. This represents a $0.48 dividend on an annualized basis and a dividend yield of 9.18%. The ex-dividend date of this dividend is Friday, March 14th.

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

Evolution Petroleum Trading Down 1.3 %

Shares of EPM traded down $0.07 on Wednesday, reaching $5.23. 297,714 shares of the company’s stock traded hands, compared to its average volume of 158,782. The business has a 50 day moving average price of $5.37. Evolution Petroleum has a 52-week low of $4.59 and a 52-week high of $6.28. The firm has a market capitalization of $175.71 million, a PE ratio of 37.36 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.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. Northland Capmk raised Evolution Petroleum to a “strong-buy” rating in a report on Thursday, October 17th. Northland Securities cut their price target on Evolution Petroleum from $7.00 to $6.50 and set an “outperform” rating for the company in a report on Thursday, February 6th. Finally, StockNews.com lowered Evolution Petroleum from a “hold” rating to a “sell” rating in a report on Friday, February 7th.

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.