Evolution Petroleum Corporation Plans Quarterly Dividend of $0.12 (NYSE:EPM)

Evolution Petroleum Corporation (NYSE:EPM) announced a quarterly dividend on Wednesday, February 12th,Wall Street Journal reports. Investors of record on Friday, March 14th will be given a dividend of 0.12 per share on Monday, March 31st. This represents a $0.48 annualized dividend and a yield of 9.18%. The ex-dividend date is Friday, March 14th.

Evolution Petroleum has increased its dividend by an average of 27.8% per year over the last three years.

Evolution Petroleum Stock Down 1.3 %

Evolution Petroleum stock traded down $0.07 during mid-day trading on Wednesday, hitting $5.23. The company’s stock had a trading volume of 297,704 shares, compared to its average volume of 158,782. The firm has a market capitalization of $175.71 million, a PE ratio of 37.36 and a beta of 0.87. Evolution Petroleum has a twelve month low of $4.59 and a twelve month high of $6.28. The firm’s fifty day simple moving average is $5.37. The company has a quick ratio of 1.69, a current ratio of 1.69 and a debt-to-equity ratio of 0.50.

Analysts Set New Price Targets

A number of brokerages recently issued reports on EPM. Northland Securities decreased their target price on Evolution Petroleum from $7.00 to $6.50 and set an “outperform” rating on the stock in a report on Thursday, February 6th. StockNews.com cut Evolution Petroleum from a “hold” rating to a “sell” rating in a research note on Friday, February 7th. Finally, Northland Capmk raised shares of Evolution Petroleum to a “strong-buy” rating in a research note on Thursday, October 17th.

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 a non-operated interests in the SCOOP and STACK plays located in Central Oklahoma; the Chaveroo Field situated in Chaves and Roosevelt Counties, New Mexico; the Jonah Field located in Sublette County, Wyoming; the Williston Basin situated in Williston, North Dakota; the Barnett Shale field located in North Texas; the Hamilton Dome situated in Hot Springs County, Wyoming; and the Delhi Field, an onshore CO2-EOR project located in northeast Louisiana in Franklin, Madison, and Richland Parishes, as well as small overriding royalty interests in four onshore central Texas wells.