Evolution Petroleum (NYSEAMERICAN:EPM) Stock Price Up 0.9% - What's Next?

Key Points

• Evolution Petroleum's stock price increased by 0.9%, closing at $4.51 with a trading volume up 6% from average levels.
• The company declared a quarterly dividend of $0.12, yielding an annualized 10.6%, although its payout ratio is notably high at 600.08%.
• Evolution Petroleum operates in the energy sector, focusing on onshore oil and gas properties in the United States, particularly a CO2 enhanced oil recovery project in Louisiana.

Evolution Petroleum Corporation, Inc. (NYSEAMERICAN:EPM - )'s share price rose 0.9% during trading on Wednesday . The company traded as high as $4.54 and last traded at $4.51. Approximately 328,982 shares were traded during mid-day trading, an increase of 6% from the average daily volume of 309,865 shares. The stock had previously closed at $4.47.

Evolution Petroleum Trading Up 0.9%

The stock has a market cap of $154.96 million, a price-to-earnings ratio of 150.33 and a beta of 0.52. The business's fifty day simple moving average is $4.98 and its 200 day simple moving average is $4.75. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.81 and a quick ratio of 0.81.

Evolution Petroleum Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Monday, September 22nd were issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 10.6%. The ex-dividend date of this dividend was Monday, September 22nd. Evolution Petroleum's payout ratio is currently 600.08%.

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.

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