Wall Street analysts expect Evolution Petroleum Corp (NYSE:EPM) to post sales of $9.75 million for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for Evolution Petroleum Corp’s earnings, with estimates ranging from $9.10 million to $10.39 million. Evolution Petroleum Corp reported sales of $7.24 million in the same quarter last year, which would suggest a positive year over year growth rate of 34.7%. The business is scheduled to issue its next earnings results on Wednesday, September 6th.

According to Zacks, analysts expect that Evolution Petroleum Corp will report full year sales of $9.75 million for the current financial year, with estimates ranging from $34.70 million to $36.04 million. For the next fiscal year, analysts expect that the business will post sales of $45.93 million per share, with estimates ranging from $41.10 million to $50.76 million. Zacks’ sales calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Evolution Petroleum Corp.

Evolution Petroleum Corp (NYSE:EPM) last released its earnings results on Monday, May 8th. The energy company reported $0.07 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.08 by $0.01. The company had revenue of $9.53 million during the quarter, compared to analyst estimates of $9.65 million. Evolution Petroleum Corp had a net margin of 25.40% and a return on equity of 14.11%.

A number of research analysts have commented on the company. Zacks Investment Research downgraded Evolution Petroleum Corp from a “hold” rating to a “sell” rating in a report on Wednesday, May 24th. Scotiabank set a $10.00 target price on Evolution Petroleum Corp and gave the stock a “buy” rating in a report on Monday, June 5th. Roth Capital set a $11.00 target price on Evolution Petroleum Corp and gave the stock a “buy” rating in a report on Monday, May 22nd. Finally, BidaskClub raised Evolution Petroleum Corp from a “hold” rating to a “buy” rating in a report on Thursday, July 6th. One research analyst has rated the stock with a sell rating, one has given a hold rating and five have given a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $10.00.

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Evolution Petroleum Corp (EPM) traded up 0.63% on Friday, hitting $7.95. The stock had a trading volume of 47,660 shares. The company’s 50 day moving average price is $7.74 and its 200-day moving average price is $8.32. The company has a market cap of $259.71 million and a price-to-earnings ratio of 10.10. Evolution Petroleum Corp has a 12-month low of $5.12 and a 12-month high of $10.20.

The business also recently declared a quarterly dividend, which was paid on Friday, June 30th. Investors of record on Thursday, June 15th were issued a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 3.52%. The ex-dividend date of this dividend was Tuesday, June 13th.

Several hedge funds have recently made changes to their positions in the company. Metropolitan Life Insurance Co. NY increased its stake in shares of Evolution Petroleum Corp by 15.1% in the first quarter. Metropolitan Life Insurance Co. NY now owns 20,319 shares of the energy company’s stock valued at $163,000 after buying an additional 2,662 shares during the period. Schwab Charles Investment Management Inc. increased its stake in shares of Evolution Petroleum Corp by 27.3% in the first quarter. Schwab Charles Investment Management Inc. now owns 180,417 shares of the energy company’s stock valued at $1,444,000 after buying an additional 38,722 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of Evolution Petroleum Corp by 8.3% in the first quarter. Dimensional Fund Advisors LP now owns 404,301 shares of the energy company’s stock valued at $3,234,000 after buying an additional 31,006 shares during the period. Geode Capital Management LLC increased its stake in shares of Evolution Petroleum Corp by 8.0% in the first quarter. Geode Capital Management LLC now owns 259,056 shares of the energy company’s stock valued at $2,072,000 after buying an additional 19,140 shares during the period. Finally, Vanguard Group Inc. increased its stake in shares of Evolution Petroleum Corp by 2.3% in the first quarter. Vanguard Group Inc. now owns 1,187,925 shares of the energy company’s stock valued at $9,503,000 after buying an additional 26,421 shares during the period.

Evolution Petroleum Corp Company Profile

Evolution Petroleum Corporation is an independent oil and gas company. The Company is engaged in the acquisition, exploitation and development of properties for the production of crude oil and natural gas, onshore in the United States. Its assets include interests in a carbon dioxide (CO2) enhanced oil recovery project (EOR) in Louisiana’s Delhi field.

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