Evolution Petroleum (NYSEAMERICAN:EPM) Stock Price Up 1.2% - What's Next?

Key Points

• Evolution Petroleum's stock price increased by 1.2% during mid-day trading, reaching a last trade price of $4.88 with a volume decline of 16% from its average.
• The company's recent quarterly dividend of $0.12 represents an annual yield of 9.8%, though it has a notably high payout ratio of 600.08%.
• Evolution Petroleum primarily focuses on the development and production of onshore oil and gas properties in the U.S., including a CO2 enhanced oil recovery project in Louisiana.

Shares of Evolution Petroleum Corporation, Inc. (NYSEAMERICAN:EPM - ) were up 1.2% during mid-day trading on Wednesday . The stock traded as high as $4.94 and last traded at $4.88. Approximately 219,579 shares changed hands during trading, a decline of 16% from the average daily volume of 262,684 shares. The stock had previously closed at $4.82.

Evolution Petroleum Stock Up 1.2%

The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.52. The company's fifty day moving average price is $5.03 and its 200-day moving average price is $4.78. The stock has a market capitalization of $167.68 million, a PE ratio of 162.67 and a beta of 0.52.

Evolution Petroleum Dividend Announcement

The business also recently announced 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 annualized dividend and a yield of 9.8%. The ex-dividend date of this dividend was Monday, September 22nd. Evolution Petroleum's payout ratio is 600.08%.

Evolution Petroleum Company Profile

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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