Analysts Offer Predictions for Evolution Petroleum FY2028 Earnings

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

Evolution Petroleum (NYSEAMERICAN:EPM) last announced its quarterly earnings data on Tuesday, September 15th. The energy company reported ($0.02) EPS for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.03). Evolution Petroleum had a negative return on equity of 5.41% and a negative net margin of 2.81%.The company had revenue of $24.21 million for the quarter, compared to analyst estimates of $23.23 million.

Several other equities research analysts have also weighed in on the stock. Alliance Global Partners reiterated a “buy” rating on shares of Evolution Petroleum in a report on Tuesday, August 25th. Freedom Broker raised shares of Evolution Petroleum from a “hold” rating to a “buy” rating and set a $4.50 price target for the company in a report on Tuesday. 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 research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $4.76.

Evolution Petroleum Stock Performance

Shares of NYSEAMERICAN:EPM opened at $3.66 on Monday. The company has a market capitalization of $147.02 million, a price-to-earnings ratio of -45.75 and a beta of 0.25. The firm’s 50 day simple moving average is $3.69 and its 200 day simple moving average is $4.10. 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 has a fifty-two week low of $3.19 and a fifty-two week high of $5.10.

Institutional Trading of Evolution Petroleum

A number of institutional investors have recently modified their holdings of the company. Equitable Holdings Inc. bought a new position in shares of Evolution Petroleum during the second quarter worth about $37,000. Kathmere Capital Management LLC acquired a new stake in Evolution Petroleum in the 1st quarter valued at approximately $51,000. Chancellor Financial Group WB LP bought a new stake in Evolution Petroleum in the 2nd quarter valued at approximately $54,000. Wellington Management Group LLP lifted its stake in Evolution Petroleum by 19.6% in the 2nd quarter. Wellington Management Group LLP now owns 19,783 shares of the energy company’s stock valued at $73,000 after acquiring an additional 3,236 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership acquired a new position in Evolution Petroleum during the 1st quarter worth approximately $75,000. 60.07% of the stock is currently owned by institutional investors.

Evolution Petroleum Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Monday, September 21st will be paid a $0.12 dividend. The ex-dividend date of this dividend is Monday, September 21st. This represents a $0.48 annualized dividend and a dividend yield of 13.1%. Evolution Petroleum’s dividend payout ratio (DPR) is currently 600.08%.

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.