Evolution Petroleum (NYSEAMERICAN:EPM) Trading 0.6% Higher – Still a Buy?

Evolution Petroleum Corporation, Inc. (NYSEAMERICAN:EPM)’s share price shot up 0.6% during mid-day trading on Monday . The stock traded as high as $3.62 and last traded at $3.55. 665,791 shares changed hands during trading, an increase of 65% from the average session volume of 402,758 shares. The stock had previously closed at $3.53.

Evolution Petroleum Trading Up 0.6%

The business’s fifty day moving average price is $4.18 and its 200 day moving average price is $4.68. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 0.77. The firm has a market capitalization of $123.15 million, a PE ratio of -355.00 and a beta of 0.26.

Evolution Petroleum Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Monday, December 15th will be paid a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 13.5%. The ex-dividend date of this dividend is Monday, December 15th. Evolution Petroleum’s dividend payout ratio is currently 600.08%.

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.