Evolution Petroleum Corporation, Inc. (EPM) To Go Ex-Dividend on September 21st

Evolution Petroleum Corporation, Inc. (NYSEAMERICAN:EPM) announced a quarterly dividend on Thursday, September 10th. Shareholders of record on Monday, September 21st will be paid a dividend of 0.12 per share by the energy company on Wednesday, September 30th. This represents a c) dividend on an annualized basis and a yield of 12.9%. The ex-dividend date of this dividend is Monday, September 21st.

Evolution Petroleum has increased its dividend payment by an average of 0.1%per year over the last three years. Evolution Petroleum has a payout ratio of 4,800.0% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities research analysts expect Evolution Petroleum to earn $0.03 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 1,600.0%.

Evolution Petroleum Stock Performance

NYSEAMERICAN EPM opened at $3.72 on Friday. The company’s fifty day moving average is $3.69 and its two-hundred day moving average is $4.14. Evolution Petroleum has a 52-week low of $3.19 and a 52-week high of $5.70. The company has a debt-to-equity ratio of 0.97, a current ratio of 0.61 and a quick ratio of 0.61. The firm has a market capitalization of $133.73 million, a price-to-earnings ratio of -33.82 and a beta of 0.25.

Institutional Trading of Evolution Petroleum

Several institutional investors have recently bought and sold shares of the stock. AQR Capital Management LLC bought a new stake in Evolution Petroleum in the first quarter valued at $91,000. Goldman Sachs Group Inc. boosted its stake in shares of Evolution Petroleum by 24.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 139,715 shares of the energy company’s stock valued at $724,000 after purchasing an additional 27,068 shares in the last quarter. Jane Street Group LLC bought a new stake in shares of Evolution Petroleum in the 1st quarter worth about $102,000. Focus Partners Wealth bought a new stake in shares of Evolution Petroleum in the 1st quarter worth about $70,000. Finally, Sei Investments Co. acquired a new stake in shares of Evolution Petroleum during the 2nd quarter worth about $77,000. Institutional investors and hedge funds own 60.07% of the company’s stock.

About Evolution Petroleum

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.