Northland Securities Predicts Evolution Petroleum FY2028 Earnings

Key Points

• Northland Securities expects Evolution Petroleum to earn $0.04 per share in FY2028, slightly below the broader consensus estimate of $0.05.
• Evolution Petroleum recently reported a quarterly loss of $0.02 per share, missing estimates by $0.03, although revenue of $24.21 million exceeded expectations.
• The stock has a “Moderate Buy” consensus rating with a $4.85 price target, while its $0.12 quarterly dividend implies a high annualized yield of approximately 12.4%.

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

Other analysts have also recently issued reports about the stock. Zacks Research raised shares of Evolution Petroleum from a "strong sell" rating to a "hold" rating in a report on Friday, August 28th. Alliance Global Partners reissued a "buy" rating on shares of Evolution Petroleum in a report on Tuesday, August 25th. Three research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. According to MarketBeat, Evolution Petroleum has an average rating of "Moderate Buy" and a consensus price target of $4.85.

Evolution Petroleum Price Performance

Shares of EPM opened at $3.86 on Monday. The firm has a market cap of $155.06 million, a price-to-earnings ratio of -48.25 and a beta of 0.25. The stock has a 50 day moving average of $3.70 and a 200-day moving average of $4.11. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.94. Evolution Petroleum has a 52 week low of $3.19 and a 52 week high of $5.49.

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

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in EPM. Equitable Holdings Inc. bought a new position in Evolution Petroleum during the 2nd quarter valued at $37,000. Kathmere Capital Management LLC bought a new stake in shares of Evolution Petroleum in the 1st quarter worth $51,000. Chancellor Financial Group WB LP bought a new stake in shares of Evolution Petroleum in the 2nd quarter worth $54,000. Arrowstreet Capital Limited Partnership acquired a new stake in shares of Evolution Petroleum in the first quarter valued at $75,000. Finally, Wellington Management Group LLP lifted its holdings in shares of Evolution Petroleum by 19.6% in the second quarter. Wellington Management Group LLP now owns 19,783 shares of the energy company's stock valued at $73,000 after buying an additional 3,236 shares during the period. Institutional investors and hedge funds own 60.07% of the company's stock.

Evolution Petroleum Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Monday, September 21st will be paid a dividend of $0.12 per share. The ex-dividend date of this dividend is Monday, September 21st. This represents a $0.48 annualized dividend and a yield of 12.4%. Evolution Petroleum's dividend payout ratio (DPR) is presently 600.08%.

About Evolution Petroleum

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.

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