Q2 EPS Estimate for Evolution Petroleum Raised by Analyst

Key Points

• Northland Securities raised its Q2 2027 EPS estimate for Evolution Petroleum to $0.04 from $0.03, and forecasts FY2027 EPS of $0.07.
• Evolution Petroleum reported a quarterly loss of $0.01 per share, missing the $0.01 consensus estimate; revenue of $22.57 million matched expectations.
• The company declared a $0.12 quarterly dividend, equivalent to a stated annualized yield of 13.8%. Analysts’ average rating is “Moderate Buy,” with a $4.76 average price target.

Evolution Petroleum Corporation, Inc. (NYSEAMERICAN:EPM - Free Report) - Northland Securities increased their Q2 2027 earnings per share estimates for Evolution Petroleum in a research report issued on Thursday, November 12th. Northland Securities analyst J. Grampp now expects that the energy company will post earnings per share of $0.04 for the quarter, up from their prior estimate of $0.03. 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 FY2027 earnings at $0.07 EPS.

A number of other research firms have also issued reports on EPM. Alliance Global Partners reissued a "buy" rating on shares of Evolution Petroleum in a research note on Tuesday, August 25th. Freedom Broker upgraded shares of Evolution Petroleum from a "hold" rating to a "buy" rating and set a $4.50 price target on the stock in a research note on Tuesday, September 22nd. Finally, Zacks Research raised Evolution Petroleum from a "strong sell" rating to a "hold" rating in a report on Friday, August 28th. Four analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $4.76.

Evolution Petroleum Trading Up 0.9%

Shares of NYSEAMERICAN:EPM opened at $3.47 on Friday. The company has a market cap of $141.02 million, a PE ratio of -19.28 and a beta of 0.42. The company's 50-day moving average price is $3.67 and its 200 day moving average price is $4.04. Evolution Petroleum has a fifty-two week low of $3.19 and a fifty-two week high of $4.99. The company has a quick ratio of 0.92, a current ratio of 0.86 and a debt-to-equity ratio of 0.92.

Evolution Petroleum (NYSEAMERICAN:EPM - Get Free Report) last released its quarterly earnings results on Tuesday, November 10th. The energy company reported ($0.01) EPS for the quarter, missing the consensus estimate of $0.01 by ($0.02). Evolution Petroleum had a negative return on equity of 6.00% and a negative net margin of 7.13%. The firm had revenue of $22.57 million for the quarter, compared to the consensus estimate of $22.57 million.

Evolution Petroleum Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 31st. Stockholders of record on Tuesday, December 15th will be paid a $0.12 dividend. The ex-dividend date of this dividend is Tuesday, December 15th. This represents a $0.48 annualized dividend and a dividend yield of 13.8%. Evolution Petroleum's dividend payout ratio is presently 600.08%.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. BlackRock Inc. acquired a new stake in Evolution Petroleum in the second quarter worth about $8,894,000. Ieq Capital LLC bought a new position in Evolution Petroleum in the 2nd quarter valued at about $85,000. Bank of America Corp DE grew its position in Evolution Petroleum by 11.2% in the 1st quarter. Bank of America Corp DE now owns 71,098 shares of the energy company's stock valued at $326,000 after buying an additional 7,158 shares in the last quarter. Wellington Management Group LLP increased its stake in Evolution Petroleum by 19.6% during the 2nd 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. Finally, Castleview Partners LLC increased its stake in Evolution Petroleum by 16.3% during the 3rd quarter. Castleview Partners LLC now owns 134,200 shares of the energy company's stock valued at $475,000 after buying an additional 18,807 shares during the period. 60.07% of the stock is owned by institutional investors and hedge funds.

About Evolution Petroleum

Evolution Petroleum Corporation is an independent oil and natural gas company focused on acquiring, developing and managing producing properties in the United States. Its activities include producing hydrocarbons and applying recovery techniques to extend the life and output of established fields. The company was founded in 2003 and has been associated with enhanced oil recovery, including carbon dioxide flooding at the Delhi field in Louisiana. Its portfolio has included interests in properties in Louisiana, Wyoming and Texas, as well as assets in Oklahoma.

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