Evolution Petroleum (NYSEAMERICAN:EPM) Announces Quarterly Earnings Results, Misses Expectations By $0.02 EPS

Evolution Petroleum (NYSEAMERICAN:EPM) issued its earnings results on Tuesday. The energy company reported ($0.01) EPS for the quarter, missing the consensus estimate of $0.01 by ($0.02), FiscalAI reports. Evolution Petroleum had a negative net margin of 2.81% and a negative return on equity of 5.41%. The firm had revenue of $22.57 million during the quarter, compared to analyst estimates of $22.57 million.

Evolution Petroleum Trading Up 0.8%

Shares of Evolution Petroleum stock traded up $0.03 during trading on Tuesday, hitting $3.57. 444,922 shares of the company were exchanged, compared to its average volume of 421,376. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.92 and a quick ratio of 0.92. The firm has a market capitalization of $145.12 million, a P/E ratio of -44.62 and a beta of 0.42. The firm’s fifty day moving average price is $3.68 and its 200 day moving average price is $4.04. Evolution Petroleum has a 1-year low of $3.19 and a 1-year high of $4.99.

Evolution Petroleum Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Monday, September 21st were given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 13.4%. The ex-dividend date was Monday, September 21st. Evolution Petroleum’s payout ratio is presently 600.08%.

Wall Street Analyst Weigh In

EPM has been the subject of a number of research reports. Freedom Broker upgraded Evolution Petroleum from a “hold” rating to a “buy” rating and set a $4.50 target price for the company in a research note on Tuesday, September 22nd. Northland Securities set a $4.25 target price on shares of Evolution Petroleum in a report on Thursday, September 17th. Alliance Global Partners reiterated a “buy” rating on shares of Evolution Petroleum in a research report on Tuesday, August 25th. Finally, Zacks Research upgraded shares of Evolution Petroleum from a “strong sell” rating to a “hold” rating in a research report on Friday, August 28th. Four investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $4.76.

Evolution Petroleum Company Profile

Evolution Petroleum Corporation is an independent oil and natural gas company focused on acquiring, developing and optimizing mature, long-lived producing properties in the United States. The company emphasizes assets that can generate production and cash flow through enhanced oil recovery, operational improvements and reservoir management. Evolution Petroleum’s portfolio has historically included the Delhi Field in northeastern Louisiana, where carbon dioxide injection is used for tertiary oil recovery.