Q2 EPS Estimate for Evolution Petroleum Boosted by Analyst

Evolution Petroleum Corporation, Inc. (NYSEAMERICAN:EPM) – Analysts at Northland Securities lifted their Q2 2027 earnings per share (EPS) estimates for Evolution Petroleum in a note issued to investors on Thursday, November 12th. Northland Securities analyst J. Grampp now expects that the energy company will earn $0.04 per share for the quarter, up from their prior forecast of $0.03. The consensus estimate for Evolution Petroleum’s current full-year earnings is $0.05 per share. Northland Securities also issued estimates for Evolution Petroleum’s FY2027 earnings at $0.07 EPS.

EPM has been the subject of several other research reports. Zacks Research raised Evolution Petroleum from a “strong sell” rating to a “hold” rating in a research note on Friday, August 28th. Alliance Global Partners reaffirmed a “buy” rating on shares of Evolution Petroleum in a report on Tuesday, August 25th. Finally, Freedom Broker upgraded shares of Evolution Petroleum from a “hold” rating to a “buy” rating and set a $4.50 price target on the stock in a research report on Tuesday, September 22nd. Four research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $4.76.

Evolution Petroleum Stock Up 0.9%

EPM opened at $3.47 on Friday. Evolution Petroleum has a one year low of $3.19 and a one year high of $4.99. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.92 and a current ratio of 0.86. The stock’s fifty day moving average is $3.67 and its 200-day moving average is $4.04. The company has a market capitalization of $141.02 million, a PE ratio of -19.28 and a beta of 0.42.

Evolution Petroleum (NYSEAMERICAN:EPM) last issued its quarterly earnings results on Tuesday, November 10th. The energy company reported ($0.01) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.02). Evolution Petroleum had a negative net margin of 7.13% and a negative return on equity of 6.00%. The firm had revenue of $22.57 million for the quarter, compared to the consensus estimate of $22.57 million.

Evolution Petroleum Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 31st. Shareholders of record on Tuesday, December 15th will be given a $0.12 dividend. The ex-dividend date is Tuesday, December 15th. This represents a $0.48 annualized dividend and a yield of 13.8%. Evolution Petroleum’s payout ratio is 600.08%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of EPM. PEAK6 LLC acquired a new stake in shares of Evolution Petroleum during the 3rd quarter valued at $1,833,000. WealthTrust Axiom LLC boosted its stake in shares of Evolution Petroleum by 5.5% during the 3rd quarter. WealthTrust Axiom LLC now owns 2,335,215 shares of the energy company’s stock worth $8,267,000 after acquiring an additional 122,596 shares in the last quarter. Russell Investments Group Ltd. grew its holdings in shares of Evolution Petroleum by 482.4% in the 3rd quarter. Russell Investments Group Ltd. now owns 220,155 shares of the energy company’s stock worth $779,000 after acquiring an additional 182,352 shares during the last quarter. CWA Asset Management Group LLC grew its holdings in shares of Evolution Petroleum by 16.6% in the 3rd quarter. CWA Asset Management Group LLC now owns 939,802 shares of the energy company’s stock worth $3,327,000 after acquiring an additional 134,040 shares during the last quarter. Finally, Castleview Partners LLC grew its holdings in shares of Evolution Petroleum by 16.3% in the 3rd quarter. Castleview Partners LLC now owns 134,200 shares of the energy company’s stock worth $475,000 after acquiring an additional 18,807 shares during the last quarter. Institutional investors own 60.07% of the company’s stock.

Evolution Petroleum Company Profile

Evolution Petroleum Corporation is an independent oil and natural gas company focused on acquiring, developing and managing producing properties in the United States. Its activities include producing hydrocarbons and applying recovery techniques to extend the life and output of established fields. The company was founded in 2003 and has been associated with enhanced oil recovery, including carbon dioxide flooding at the Delhi field in Louisiana. Its portfolio has included interests in properties in Louisiana, Wyoming and Texas, as well as assets in Oklahoma.