Q1 EPS Forecast for Evolution Petroleum Boosted by Analyst

Evolution Petroleum Corporation, Inc. (NYSEAMERICAN:EPM) – Northland Securities boosted their Q1 2027 earnings per share (EPS) estimates for Evolution Petroleum in a report issued on Tuesday, October 20th. Northland Securities analyst J. Grampp now expects that the energy company will post earnings per share of $0.02 for the quarter, up from their prior estimate of $0.01. 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 FY2028 earnings at $0.09 EPS.

A number of other analysts also recently issued reports on the stock. Zacks Research upgraded shares of Evolution Petroleum from a “strong sell” rating to a “hold” rating in a report on Friday, August 28th. Alliance Global Partners reiterated a “buy” rating on shares of Evolution Petroleum in a report on Tuesday, August 25th. Finally, Freedom Broker upgraded Evolution Petroleum from a “hold” rating to a “buy” rating and set a $4.50 price objective on the stock in a report on Tuesday, September 22nd. Four investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, Evolution Petroleum has an average rating of “Moderate Buy” and a consensus target price of $4.76.

Evolution Petroleum Stock Up 0.8%

Evolution Petroleum stock opened at $3.76 on Thursday. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.92 and a current ratio of 0.92. The company has a 50-day moving average price of $3.65 and a 200 day moving average price of $3.96. Evolution Petroleum has a 12-month low of $3.19 and a 12-month high of $4.99.

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

Institutional Investors Weigh In On Evolution Petroleum

A number of institutional investors have recently made changes to their positions in EPM. BlackRock Inc. purchased a new position in shares of Evolution Petroleum during the 2nd quarter worth approximately $8,894,000. CWA Asset Management Group LLC increased its holdings in 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 valued at $3,327,000 after purchasing an additional 134,040 shares during the last quarter. Bank of New York Mellon Corp purchased a new stake in Evolution Petroleum in the second quarter valued at approximately $312,000. Bank of America Corp DE purchased a new stake in Evolution Petroleum in the second quarter valued at approximately $235,000. Finally, Connor Clark & Lunn Investment Management Ltd. purchased a new stake in Evolution Petroleum in the second quarter valued at approximately $198,000. 60.07% of the stock is currently owned by institutional investors and hedge funds.

Evolution Petroleum Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Monday, September 21st were paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 12.8%. The ex-dividend date of this dividend was Monday, September 21st. Evolution Petroleum’s dividend payout ratio (DPR) is 600.08%.

About Evolution Petroleum

Evolution Petroleum Corporation is an independent oil and natural gas company focused on acquiring, developing and managing mature, long-life producing properties in the United States. The company emphasizes assets that can generate stable production and cash flow through improved recovery techniques, operating efficiencies and disciplined capital investment.

Evolution Petroleum is particularly known for its interest in the Delhi Field in northeastern Louisiana, where carbon dioxide enhanced oil recovery is used to increase production from a mature oil reservoir.