Evolution Petroleum (NYSEAMERICAN:EPM) Announces Earnings Results

Evolution Petroleum (NYSEAMERICAN:EPMGet Free Report) posted its earnings results on Tuesday. The energy company reported ($0.02) earnings per share for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.03), FiscalAI reports. The company had revenue of $24.21 million for the quarter, compared to the consensus estimate of $23.23 million. Evolution Petroleum had a negative return on equity of 2.75% and a negative net margin of 4.36%.

Evolution Petroleum Price Performance

NYSEAMERICAN:EPM traded down $0.02 during mid-day trading on Tuesday, reaching $3.69. The stock had a trading volume of 964,995 shares, compared to its average volume of 425,130. The stock has a market capitalization of $132.66 million, a P/E ratio of -33.55 and a beta of 0.25. The firm has a 50 day moving average price of $3.69 and a two-hundred day moving average price of $4.13. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.61 and a current ratio of 0.61. Evolution Petroleum has a one year low of $3.19 and a one year high of $5.70.

Evolution Petroleum Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Monday, September 21st will be issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 13.0%. The ex-dividend date of this dividend is Monday, September 21st. Evolution Petroleum’s dividend payout ratio (DPR) is currently 600.08%.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on EPM shares. Northland Securities raised shares of Evolution Petroleum from a “market perform” rating to an “outperform” rating and set a $4.00 price objective on the stock in a research note on Friday, August 28th. Alliance Global Partners reissued a “buy” rating on shares of Evolution Petroleum in a research note on Tuesday, August 25th. Zacks Research upgraded Evolution Petroleum from a “strong sell” rating to a “hold” rating in a report on Friday, August 28th. Finally, Freedom Capital cut Evolution Petroleum from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 20th. Three research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, Evolution Petroleum currently has an average rating of “Moderate Buy” and a consensus price target of $4.77.

Read Our Latest Stock Analysis on EPM

About Evolution Petroleum

(Get Free Report)

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.

Further Reading

Earnings History for Evolution Petroleum (NYSEAMERICAN:EPM)

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