Northland Securities Comments on Evolution Petroleum FY2028 Earnings

Evolution Petroleum Corporation, Inc. (NYSEAMERICAN:EPM) – Northland Securities issued their FY2028 earnings per share estimates for shares of Evolution Petroleum in a report issued on Thursday, September 17th. Northland Securities analyst J. Grampp anticipates that the energy company will post earnings per share of $0.04 for the year. The consensus estimate for Evolution Petroleum’s current full-year earnings is $0.05 per share.

A number of other research firms also recently commented on EPM. Zacks Research raised shares of Evolution Petroleum from a “strong sell” rating to a “hold” rating in a research report on Friday, August 28th. Alliance Global Partners reiterated a “buy” rating on shares of Evolution Petroleum in a research note on Tuesday, August 25th. Three analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $4.85.

Evolution Petroleum Stock Performance

EPM stock opened at $3.56 on Monday. Evolution Petroleum has a 1-year low of $3.19 and a 1-year high of $5.13. The business has a 50-day moving average price of $3.69 and a 200 day moving average price of $4.11. The company has a market capitalization of $143.01 million, a P/E ratio of -44.50 and a beta of 0.25. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.92 and a quick ratio of 0.92.

Evolution Petroleum (NYSEAMERICAN:EPM) last issued its earnings results on Tuesday, September 15th. The energy company reported ($0.02) earnings per share for the quarter, missing the consensus estimate of $0.01 by ($0.03). The firm had revenue of $24.21 million during the quarter, compared to analysts’ expectations of $23.23 million. Evolution Petroleum had a negative return on equity of 5.41% and a negative net margin of 2.81%.

Evolution Petroleum Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Monday, September 21st will be issued a $0.12 dividend. The ex-dividend date is Monday, September 21st. This represents a $0.48 dividend on an annualized basis and a yield of 13.5%. Evolution Petroleum’s payout ratio is currently 600.08%.

Institutional Trading of Evolution Petroleum

Several hedge funds have recently modified their holdings of the company. Equitable Holdings Inc. purchased a new position in shares of Evolution Petroleum in the 2nd quarter worth approximately $37,000. Kathmere Capital Management LLC acquired a new stake in Evolution Petroleum in the first quarter valued at approximately $51,000. Chancellor Financial Group WB LP purchased a new position in Evolution Petroleum in the second quarter worth $54,000. Arrowstreet Capital Limited Partnership acquired a new position in shares of Evolution Petroleum during the first quarter worth $75,000. Finally, Wellington Management Group LLP increased its position in shares of Evolution Petroleum by 19.6% during the second quarter. Wellington Management Group LLP now owns 19,783 shares of the energy company’s stock worth $73,000 after purchasing an additional 3,236 shares in the last quarter. 60.07% of the stock is owned by hedge funds and other institutional investors.

Evolution Petroleum Company Profile

Evolution Petroleum Corporation is an independent energy company engaged in the acquisition, development, and operation of oil and natural gas properties. The company focuses primarily on mature, long-life assets in the United States, with an emphasis on properties that can benefit from enhanced oil recovery, operational improvements, and additional development.

Evolution Petroleum’s flagship asset is its interest in the Delhi Field in northeastern Louisiana, where carbon dioxide is used in a miscible flood program to increase oil recovery from an established reservoir.