Evolution Petroleum (NYSEAMERICAN:EPM) Releases Earnings Results, Beats Estimates By $0.09 EPS

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

Evolution Petroleum Price Performance

Shares of NYSEAMERICAN:EPM traded up $0.04 on Wednesday, reaching $4.04. 111,411 shares of the company traded hands, compared to its average volume of 389,031. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.70 and a quick ratio of 0.70. Evolution Petroleum has a fifty-two week low of $3.19 and a fifty-two week high of $5.70. The stock has a market capitalization of $141.40 million, a PE ratio of -404.00 and a beta of 0.31. The company’s 50 day moving average is $3.75 and its 200-day moving average is $4.38.

Evolution Petroleum Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Monday, March 16th will be issued a $0.12 dividend. The ex-dividend date of this dividend is Monday, March 16th. This represents a $0.48 annualized dividend and a dividend yield of 11.9%. Evolution Petroleum’s dividend payout ratio is currently 600.08%.

Evolution Petroleum Company Profile

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.