FY2024 Earnings Forecast for Evolution Petroleum Co. Issued By Northland Capmk (NYSEAMERICAN:EPM)

Evolution Petroleum Co. (NYSEAMERICAN:EPM - Free Report) - Stock analysts at Northland Capmk reduced their FY2024 EPS estimates for shares of Evolution Petroleum in a research report issued on Thursday, May 9th. Northland Capmk analyst D. Schafer now expects that the energy company will post earnings per share of $0.17 for the year, down from their previous estimate of $0.22. The consensus estimate for Evolution Petroleum's current full-year earnings is $0.19 per share. Northland Capmk also issued estimates for Evolution Petroleum's Q4 2024 earnings at $0.09 EPS, Q4 2025 earnings at $0.15 EPS and FY2025 earnings at $0.59 EPS.

EPM has been the subject of a number of other reports. Roth Mkm reissued a "buy" rating and set a $8.25 target price on shares of Evolution Petroleum in a research report on Thursday, April 4th. TheStreet downgraded shares of Evolution Petroleum from a "b" rating to a "c+" rating in a research report on Wednesday, February 7th. Finally, StockNews.com downgraded shares of Evolution Petroleum from a "hold" rating to a "sell" rating in a report on Thursday.

Evolution Petroleum Stock Down 2.1 %

Shares of Evolution Petroleum stock traded down $0.12 on Friday, reaching $5.52. 268,358 shares of the company traded hands, compared to its average volume of 320,273. Evolution Petroleum has a 52 week low of $5.00 and a 52 week high of $10.11. The company has a market capitalization of $184.70 million, a P/E ratio of 11.72 and a beta of 0.91.

Evolution Petroleum (NYSEAMERICAN:EPM - Get Free Report) last posted its quarterly earnings data on Tuesday, February 6th. The energy company reported $0.03 EPS for the quarter, missing the consensus estimate of $0.10 by ($0.07). Evolution Petroleum had a net margin of 17.25% and a return on equity of 18.44%. The firm had revenue of $21.02 million during the quarter, compared to analysts' expectations of $23.67 million.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. WealthTrust Axiom LLC raised its position in shares of Evolution Petroleum by 1.5% during the 4th quarter. WealthTrust Axiom LLC now owns 1,666,452 shares of the energy company's stock valued at $9,682,000 after buying an additional 24,853 shares in the last quarter. Vanguard Group Inc. raised its position in shares of Evolution Petroleum by 0.6% during the 1st quarter. Vanguard Group Inc. now owns 1,611,605 shares of the energy company's stock valued at $9,895,000 after buying an additional 8,904 shares in the last quarter. River Road Asset Management LLC raised its position in shares of Evolution Petroleum by 6.2% during the 3rd quarter. River Road Asset Management LLC now owns 1,277,988 shares of the energy company's stock valued at $8,741,000 after buying an additional 75,166 shares in the last quarter. Ranger Investment Management L.P. raised its position in shares of Evolution Petroleum by 14.3% during the 4th quarter. Ranger Investment Management L.P. now owns 974,270 shares of the energy company's stock valued at $5,661,000 after buying an additional 121,955 shares in the last quarter. Finally, North Star Investment Management Corp. raised its position in shares of Evolution Petroleum by 8.9% during the 1st quarter. North Star Investment Management Corp. now owns 769,369 shares of the energy company's stock valued at $4,724,000 after buying an additional 63,105 shares in the last quarter. 60.07% of the stock is owned by institutional investors.

Evolution Petroleum Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 14th will be issued a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 8.70%. The ex-dividend date is Friday, June 14th. Evolution Petroleum's dividend payout ratio (DPR) is presently 100.00%.

About Evolution Petroleum

Evolution Petroleum Corporation, an energy company, engages in the development, production, ownership, and exploitation of onshore oil and gas properties in the United States. The company holds interests in a CO2 enhanced oil recovery project in Louisiana's Delhi field. Its Delhi Holt-Bryant Unit covers an area of approximately 13,636 acres located in Northeast Louisiana.