Evolution Petroleum Co. (EPM) To Go Ex-Dividend on September 21st

Evolution Petroleum Co. (NYSEAMERICAN:EPM) declared a quarterly dividend on Wednesday, September 13th, Wall Street Journal reports. Stockholders of record on Friday, September 22nd will be given a dividend of 0.12 per share by the energy company on Friday, September 29th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 6.94%. The ex-dividend date of this dividend is Thursday, September 21st.

Evolution Petroleum has raised its dividend payment by an average of 3.2% annually over the last three years and has increased its dividend annually for the last 2 consecutive years. Evolution Petroleum has a dividend payout ratio of 44.4% indicating that its dividend is sufficiently covered by earnings.

Evolution Petroleum Trading Down 1.1 %

Evolution Petroleum stock opened at $6.92 on Friday. The stock has a 50-day moving average price of $7.38. The stock has a market cap of $230.23 million, a P/E ratio of 6.93 and a beta of 0.98. Evolution Petroleum has a 12 month low of $5.39 and a 12 month high of $10.11.

Evolution Petroleum (NYSEAMERICAN:EPM) last released its quarterly earnings data on Tuesday, September 12th. The energy company reported $0.06 EPS for the quarter, hitting analysts’ consensus estimates of $0.06. The company had revenue of $18.17 million for the quarter, compared to the consensus estimate of $21.65 million. Evolution Petroleum had a return on equity of 38.18% and a net margin of 27.40%. Analysts expect that Evolution Petroleum will post 0.56 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Separately, StockNews.com initiated coverage on Evolution Petroleum in a research note on Wednesday, August 23rd. They set a “hold” rating for the company.

Institutional Trading of Evolution Petroleum

Several hedge funds have recently added to or reduced their stakes in the business. Advisor Group Holdings Inc. grew its holdings in shares of Evolution Petroleum by 97.0% in the 1st quarter. Advisor Group Holdings Inc. now owns 3,656 shares of the energy company’s stock worth $25,000 after acquiring an additional 1,800 shares during the last quarter. Cubist Systematic Strategies LLC purchased a new position in shares of Evolution Petroleum during the first quarter valued at $34,000. BNP Paribas Arbitrage SA grew its holdings in shares of Evolution Petroleum by 253,450.0% during the first quarter. BNP Paribas Arbitrage SA now owns 5,071 shares of the energy company’s stock valued at $34,000 after buying an additional 5,069 shares in the last quarter. Lazard Asset Management LLC purchased a new position in shares of Evolution Petroleum during the first quarter valued at $39,000. Finally, UBS Group AG grew its holdings in shares of Evolution Petroleum by 182.2% during the fourth quarter. UBS Group AG now owns 5,889 shares of the energy company’s stock valued at $44,000 after buying an additional 3,802 shares in the last quarter. Institutional investors own 61.68% of the company’s stock.

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 13,636 acres located in Northeast Louisiana.