Q3 EPS Forecast for Evolution Petroleum Boosted by Analyst

Key Points

• Northland Securities raised Evolution Petroleum’s Q3 2027 EPS forecast to $0.04 from $0.03, while full-year consensus EPS stands at $0.05.
• Analyst sentiment is broadly positive, with a “Moderate Buy” consensus rating and a $4.76 average price target; four analysts rate the stock Buy and two rate it Hold.
• Evolution Petroleum recently reported a quarterly EPS loss of $0.02, missing estimates, but exceeded revenue expectations with $24.21 million. The company also pays a $0.12 quarterly dividend, representing a 12.9% yield.

Evolution Petroleum Corporation, Inc. (NYSEAMERICAN:EPM - Free Report) - Investment analysts at Northland Securities raised their Q3 2027 earnings estimates for Evolution Petroleum in a research note issued to investors on Tuesday, October 20th. 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.

Other equities research analysts also recently issued reports about the company. Alliance Global Partners reaffirmed a "buy" rating on shares of Evolution Petroleum in a report on Tuesday, August 25th. 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. Finally, Zacks Research upgraded 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's stock. According to data from MarketBeat, Evolution Petroleum has a consensus rating of "Moderate Buy" and a consensus target price of $4.76.

Evolution Petroleum Stock Performance

Shares of NYSEAMERICAN:EPM opened at $3.73 on Wednesday. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.94. The stock has a fifty day moving average of $3.65 and a 200-day moving average of $3.97. Evolution Petroleum has a one year low of $3.19 and a one year high of $4.99.

Evolution Petroleum (NYSEAMERICAN:EPM - Get Free Report) last posted its quarterly 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 business had revenue of $24.21 million during the quarter, compared to analyst estimates of $23.23 million. Evolution Petroleum had a negative return on equity of 5.41% and a negative net margin of 2.81%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of EPM. CWA Asset Management Group LLC boosted its holdings in shares of Evolution Petroleum by 16.6% during the 3rd quarter. CWA Asset Management Group LLC now owns 939,802 shares of the energy company's stock worth $3,327,000 after buying an additional 134,040 shares during the period. Castleview Partners LLC grew its stake in Evolution Petroleum by 16.3% in 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 last quarter. Wellington Management Group LLP raised its holdings 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 worth $73,000 after acquiring an additional 3,236 shares during the period. Equitable Holdings Inc. bought a new position in Evolution Petroleum in the 2nd quarter worth $37,000. Finally, Bank of America Corp DE bought a new position in Evolution Petroleum in the 2nd quarter worth $235,000. Hedge funds and other institutional investors own 60.07% of the company's stock.

Evolution Petroleum Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Monday, September 21st were given a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 12.9%. 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.

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