Evolution Petroleum (NYSEAMERICAN:EPM) Announces Earnings Results

Evolution Petroleum (NYSEAMERICAN:EPM) announced its earnings results on Tuesday. The energy company reported $0.10 EPS for the quarter, beating analysts’ consensus estimates of $0.01 by $0.09, reports. The business had revenue of $20.68 million during the quarter, compared to analysts’ expectations of $21.80 million. Evolution Petroleum had a net margin of 0.27% and a return on equity of 1.28%.

Evolution Petroleum Price Performance

Shares of EPM stock traded up $0.15 during midday trading on Wednesday, reaching $4.15. 44,071 shares of the company traded hands, compared to its average volume of 387,240. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.70 and a quick ratio of 0.70. The firm has a market cap of $145.08 million, a PE ratio of -412.00 and a beta of 0.31. Evolution Petroleum has a 1-year low of $3.19 and a 1-year high of $5.70. The firm’s 50 day simple moving average is $3.75 and its two-hundred day simple moving average is $4.38.

Evolution Petroleum Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Monday, March 16th will be paid a $0.12 dividend. The ex-dividend date is Monday, March 16th. This represents a $0.48 annualized dividend and a dividend yield of 11.6%. Evolution Petroleum’s dividend payout ratio (DPR) is 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.