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

Shares of Evolution Petroleum Corporation, Inc. (NYSEAMERICAN:EPM) rose 0.9% during mid-day trading on Monday . The company traded as high as $3.44 and last traded at $3.39. Approximately 352,262 shares changed hands during mid-day trading, a decline of 36% from the average daily volume of 551,446 shares. The stock had previously closed at $3.36.

Evolution Petroleum Stock Performance

The stock has a 50-day moving average of $3.87 and a 200 day moving average of $4.53. The stock has a market cap of $117.60 million, a PE ratio of -339.00 and a beta of 0.29. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 0.77.

Evolution Petroleum Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Monday, December 15th were given a dividend of $0.12 per share. The ex-dividend date of this dividend was Monday, December 15th. This represents a $0.48 annualized dividend and a dividend yield of 14.2%. Evolution Petroleum’s payout ratio is presently 600.08%.

Evolution Petroleum Company Profile

Evolution Petroleum Corporation (NYSE American: EPM) is an independent oil and natural gas company focused on enhanced oil recovery (EOR) through the use of carbon dioxide. Headquartered in Houston, Texas, the company specializes in acquiring and developing mature hydrocarbon reservoirs that benefit from CO₂ injection to increase production efficiency. Evolution Petroleum’s business model combines property acquisition, reservoir engineering, and CO₂ management to optimize recovery of oil and associated gas.

The company’s primary asset is the Jackson Dome CO₂ field in southwestern Mississippi, where natural carbon dioxide is produced, separated and reinjected into adjacent oil-bearing formations.