Evolution Petroleum (NYSEAMERICAN:EPM) Shares Cross Below Fifty Day Moving Average – Here’s What Happened

Evolution Petroleum Corporation, Inc. (NYSEAMERICAN:EPM) passed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $4.81 and traded as low as $4.48. Evolution Petroleum shares last traded at $4.59, with a volume of 249,222 shares trading hands.

Evolution Petroleum Stock Down 1.9%

The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.52. The company has a market capitalization of $156.32 million, a P/E ratio of 150.23 and a beta of 0.52. The firm’s 50 day moving average price is $4.81 and its two-hundred day moving average price is $4.77.

Evolution Petroleum (NYSEAMERICAN:EPM) last announced its earnings results on Tuesday, September 16th. The energy company reported $0.03 EPS for the quarter. The business had revenue of $21.11 million during the quarter, compared to analysts’ expectations of $21.15 million. Evolution Petroleum had a net margin of 1.72% and a return on equity of 2.31%. Equities research analysts forecast that Evolution Petroleum Corporation, Inc. will post 0.42 EPS for the current year.

Evolution Petroleum Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Monday, December 15th will be issued a $0.12 dividend. The ex-dividend date is Monday, December 15th. This represents a $0.48 annualized dividend and a dividend yield of 10.7%. Evolution Petroleum’s dividend payout ratio (DPR) is presently 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.