Evolution Petroleum Corp Plans Dividend of $0.10 (NYSEAMERICAN:EPM)

Evolution Petroleum Corp (NYSEAMERICAN:EPM) declared a dividend on Thursday, November 7th, Fidelity reports. Stockholders of record on Monday, December 16th will be given a dividend of 0.10 per share by the energy company on Tuesday, December 31st. The ex-dividend date of this dividend is Friday, December 13th.

Evolution Petroleum stock traded up $0.05 during midday trading on Wednesday, reaching $5.57. 84,798 shares of the stock traded hands, compared to its average volume of 138,726. Evolution Petroleum has a 12 month low of $5.04 and a 12 month high of $8.11.

Evolution Petroleum (NYSEAMERICAN:EPM) last announced its quarterly earnings results on Wednesday, November 6th. The energy company reported $0.08 EPS for the quarter, meeting analysts’ consensus estimates of $0.08. The firm had revenue of $9.15 million for the quarter, compared to the consensus estimate of $9.50 million.

A number of brokerages recently commented on EPM. TheStreet lowered Evolution Petroleum from a “b-” rating to a “c+” rating in a research note on Monday, September 30th. Northland Securities reissued a “hold” rating and set a $6.50 price target on shares of Evolution Petroleum in a research note on Monday, September 16th. Finally, Zacks Investment Research raised Evolution Petroleum from a “hold” rating to a “buy” rating and set a $6.00 price target for the company in a research note on Tuesday.

Evolution Petroleum Company Profile

Evolution Petroleum Corporation, an oil and gas company, engages in the development, production, ownership, and management of oil and gas properties in the United States. The company primarily 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.

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Dividend History for Evolution Petroleum (NYSEAMERICAN:EPM)

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