Evolution Petroleum (NYSEAMERICAN:EPM – Get Free Report) posted its earnings results on Tuesday. The energy company reported ($0.09) EPS for the quarter, missing the consensus estimate of $0.02 by ($0.11), FiscalAI reports. The firm had revenue of $20.17 million during the quarter, compared to the consensus estimate of $21.32 million. Evolution Petroleum had a net margin of 3.65% and a return on equity of 2.88%.
Evolution Petroleum Trading Up 0.2%
Shares of EPM stock traded up $0.01 on Tuesday, hitting $4.79. The company had a trading volume of 342,280 shares, compared to its average volume of 406,901. The firm has a market cap of $167.65 million, a P/E ratio of 59.88 and a beta of 0.29. The stock’s 50-day moving average is $4.55 and its two-hundred day moving average is $4.19. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.90 and a current ratio of 0.90. Evolution Petroleum has a twelve month low of $3.19 and a twelve month high of $5.70.
Institutional Investors Weigh In On Evolution Petroleum
Several institutional investors and hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. increased its stake in shares of Evolution Petroleum by 0.3% in the third quarter. Vanguard Group Inc. now owns 1,600,822 shares of the energy company’s stock valued at $7,716,000 after buying an additional 5,101 shares during the period. Geode Capital Management LLC grew its stake in Evolution Petroleum by 4.0% during the fourth quarter. Geode Capital Management LLC now owns 756,703 shares of the energy company’s stock worth $2,679,000 after purchasing an additional 29,101 shares during the period. Russell Investments Group Ltd. grew its stake in Evolution Petroleum by 6.2% during the third quarter. Russell Investments Group Ltd. now owns 669,156 shares of the energy company’s stock worth $3,225,000 after purchasing an additional 39,171 shares during the period. Raymond James Financial Inc. grew its stake in Evolution Petroleum by 1.2% during the third quarter. Raymond James Financial Inc. now owns 474,278 shares of the energy company’s stock worth $2,286,000 after purchasing an additional 5,658 shares during the period. Finally, UBS Group AG grew its stake in Evolution Petroleum by 23.2% during the third quarter. UBS Group AG now owns 469,692 shares of the energy company’s stock worth $2,264,000 after purchasing an additional 88,575 shares during the period. Institutional investors and hedge funds own 60.07% of the company’s stock.
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.
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