Evolution Petroleum Corp

EPM remains in a high‐confidence Stage 4 decline with sequential lower highs and lower lows. Price trades below all key EMAs and major DMAs with no exhaustion evident despite extreme oversold conditions. Volume distribution and relative weakness confirm continued selling pressure, warranting a sell‐side execution now.

• ↑Maintains $0.12 quarterly dividend (2.18% yield) for 51 consecutive quarters
• ↑Midland Basin mineral rights deal adds production with minimal capex
• ↓Q3 revenue fell to $20.2M (-11% YoY) alongside an $8.9M net loss