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

Key Points

• Evolution Petroleum declared a quarterly dividend of $0.12 per share, payable December 31 to shareholders of record December 15. That equates to $0.48 annualized and a reported 14.9% yield.
• The dividend may be difficult to sustain from earnings: the reported payout ratio is 4,800%, and analysts’ projected next-year EPS implies a 533.3% payout ratio.
• The company reported a quarterly loss of $0.01 per share, missing expectations for $0.01 in earnings, while revenue matched estimates at $22.57 million. Shares fell 9.7% to $3.23.

Evolution Petroleum Corporation, Inc. (NYSEAMERICAN:EPM - Get Free Report) announced a quarterly dividend on Tuesday, November 10th. Stockholders 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 annualized dividend and a dividend yield of 14.9%. The ex-dividend date of this dividend is Tuesday, December 15th.

Evolution Petroleum has raised its dividend by an average of 0.1% annually over the last three years. Evolution Petroleum has a payout ratio of 4,800.0% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. 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 Trading Down 9.7%

Shares of EPM traded down $0.34 on Wednesday, reaching $3.23. 438,126 shares of the company's stock were exchanged, compared to its average volume of 421,292. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.94. The stock has a market capitalization of $131.10 million, a P/E ratio of -40.56 and a beta of 0.42. The business has a 50 day moving average price of $3.68 and a two-hundred day moving average price of $4.04. Evolution Petroleum has a 12 month low of $3.19 and a 12 month high of $4.99.

Evolution Petroleum (NYSEAMERICAN:EPM - Get Free Report) last announced its quarterly earnings data on Tuesday, November 10th. The energy company reported ($0.01) earnings per share (EPS) 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 business had revenue of $22.57 million during the quarter, compared to the consensus estimate of $22.57 million. Research analysts anticipate that Evolution Petroleum will post 0.05 earnings per share for the current year.

More Evolution Petroleum News

These are some of the EPM news items that stood out recently:

• Positive Sentiment: Evolution declared a quarterly cash dividend of $0.12 per share, payable December 31. It is the company’s 18th consecutive declaration and 53rd consecutive quarterly dividend payment. Company earnings and dividend announcement
• Neutral Sentiment: Fiscal Q1 revenue was $22.57 million, matching the cited consensus estimate; reports said revenue rose. Zacks Q1 results report
• Negative Sentiment: The company posted a Q1 loss of $0.01 per share, versus analysts’ expected profit of $0.01 and break-even EPS a year earlier. Coverage noted derivative losses weighed on reported results despite 11% price gains, contributing to the earnings shortfall. 247WallSt earnings analysis

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.

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