Evolution Petroleum (NYSEAMERICAN:EPM) Stock Price Passes Below 50 Day Moving Average – Here’s Why

Evolution Petroleum Corporation, Inc. (NYSEAMERICAN:EPM)’s stock price passed below its fifty day moving average during trading on Tuesday . The stock has a fifty 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.

Evolution Petroleum Trading Down 1.9%

The business has a 50 day moving average of $4.81 and a 200 day moving average of $4.77. The firm has a market capitalization of $156.32 million, a price-to-earnings ratio of 150.23 and a beta of 0.52. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.81 and a quick ratio of 0.81.

Evolution Petroleum (NYSEAMERICAN:EPM) last released its earnings results on Tuesday, September 16th. The energy company reported $0.03 earnings per share for the quarter. The firm had revenue of $21.11 million for the quarter, compared to analyst estimates of $21.15 million. Evolution Petroleum had a return on equity of 2.31% and a net margin of 1.72%. As a group, research analysts predict that Evolution Petroleum Corporation, Inc. will post 0.42 earnings per share for the current fiscal year.

Evolution Petroleum Announces Dividend

The company also recently declared 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 of this dividend is Monday, December 15th. This represents a $0.48 annualized dividend and a dividend yield of 10.7%. Evolution Petroleum’s payout ratio is 600.08%.

About Evolution Petroleum

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.