Evolution Petroleum (NYSEAMERICAN:EPM) Announces Earnings Results, Misses Estimates By $0.03 EPS

Key Points

• Evolution Petroleum reported a quarterly loss of $0.02 per share, missing analysts’ $0.01 EPS estimate by $0.03. Revenue reached $24.21 million, exceeding the $23.23 million consensus forecast.
• The company declared a quarterly dividend of $0.12, or $0.48 annually, implying a 13.0% yield; however, its dividend payout ratio is exceptionally high at 600.08%.
• Shares fell 0.5% to $3.69 following the results. Analysts maintain a “Moderate Buy” consensus, with a $4.77 average price target versus the current share price.

Evolution Petroleum (NYSEAMERICAN:EPM - Get Free Report) released its earnings results on Tuesday. The energy company reported ($0.02) EPS for the quarter, missing the consensus estimate of $0.01 by ($0.03), FiscalAI reports. Evolution Petroleum had a negative net margin of 4.36% and a negative return on equity of 2.75%. The firm had revenue of $24.21 million during the quarter, compared to the consensus estimate of $23.23 million.

Evolution Petroleum Trading Down 0.5%

Shares of NYSEAMERICAN EPM traded down $0.02 during trading on Tuesday, reaching $3.69. The company had a trading volume of 939,237 shares, compared to its average volume of 425,130. The stock has a market cap of $132.66 million, a P/E ratio of -33.55 and a beta of 0.25. The company's fifty day moving average price is $3.69 and its 200-day moving average price is $4.13. The company has a quick ratio of 0.61, a current ratio of 0.61 and a debt-to-equity ratio of 0.97. Evolution Petroleum has a 12 month low of $3.19 and a 12 month high of $5.70.

Evolution Petroleum Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Monday, September 21st will be issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 13.0%. The ex-dividend date is Monday, September 21st. Evolution Petroleum's dividend payout ratio is presently 600.08%.

Wall Street Analyst Weigh In

EPM has been the subject of a number of research analyst reports. Northland Securities raised Evolution Petroleum from a "market perform" rating to an "outperform" rating and set a $4.00 price target for the company in a report on Friday, August 28th. Freedom Capital lowered Evolution Petroleum from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, May 20th. Alliance Global Partners reiterated a "buy" rating on shares of Evolution Petroleum in a research report on Tuesday, August 25th. Finally, Zacks Research raised Evolution Petroleum from a "strong sell" rating to a "hold" rating in a research note on Friday, August 28th. Three equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $4.77.

About Evolution Petroleum

Evolution Petroleum Corporation (NYSE American: EPM) is an independent oil and natural gas company focused on enhanced oil recovery (EOR) through the use of carbon dioxide. Headquartered in Houston, Texas, the company specializes in acquiring and developing mature hydrocarbon reservoirs that benefit from CO₂ injection to increase production efficiency. Evolution Petroleum's business model combines property acquisition, reservoir engineering, and CO₂ management to optimize recovery of oil and associated gas.

The company's primary asset is the Jackson Dome CO₂ field in southwestern Mississippi, where natural carbon dioxide is produced, separated and reinjected into adjacent oil-bearing formations.

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