Evolution Petroleum - EPM Stock Forecast, Price & News

2 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Evolution Petroleum in the last twelve months. There are currently 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" EPM shares.
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2 brokers have issued 12-month price objectives for Evolution Petroleum's shares. Their EPM share price forecasts range from $8.60 to $9.50. On average, they predict the company's stock price to reach $9.05 in the next twelve months. This suggests a possible upside of 43.4% from the stock's current price.
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Evolution Petroleum's stock was trading at $7.03 at the beginning of 2023. Since then, EPM stock has decreased by 10.2% and is now trading at $6.31.
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Evolution Petroleum saw a increase in short interest during the month of March. As of March 15th, there was short interest totaling 338,700 shares, an increase of 60.7% from the February 28th total of 210,800 shares. Based on an average daily volume of 256,600 shares, the short-interest ratio is currently 1.3 days. Approximately 1.1% of the shares of the company are short sold.
View Evolution Petroleum's Short Interest.

Evolution Petroleum Co. (NYSEAMERICAN:EPM) issued its earnings results on Tuesday, February, 7th. The energy company reported $0.29 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.25 by $0.04. The energy company earned $33.68 million during the quarter, compared to analyst estimates of $33.04 million. Evolution Petroleum had a net margin of 29.52% and a trailing twelve-month return on equity of 54.53%.

Evolution Petroleum declared a quarterly dividend on Wednesday, February 8th. Stockholders of record on Wednesday, March 15th will be given a dividend of $0.12 per share on Friday, March 31st. This represents a $0.48 dividend on an annualized basis and a dividend yield of 7.61%. The ex-dividend date is Tuesday, March 14th.
Read our dividend analysis for EPM.

ETFs with the largest weight of Evolution Petroleum (NYSEAMERICAN:EPM) stock in their portfolio include First Trust Dow Jones Select Microcap Index Fund (FDM), First Trust Natural Gas ETF (FCG), WisdomTree U.S. SmallCap Quality Dividend Growth Fund (DGRS) and Janus Henderson Small Cap Growth Alpha ETF (JSML).

Evolution Petroleum (NYSEAMERICAN:EPM) pays an annual dividend of $0.48 per share and currently has a dividend yield of 7.63%. EPM has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company has been increasing its dividend for 2 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 38.71%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, EPM will have a dividend payout ratio of 49.48% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for EPM.

Based on aggregate information from My MarketBeat watchlists, some companies that other Evolution Petroleum investors own include Reata Pharmaceuticals (RETA), Advanced Micro Devices (AMD), Approach Resources (AREX), Trevena (TRVN), Ampio Pharmaceuticals (AMPE), Gold Resource (GORO), Vivint Solar (VSLR), Chimerix (CMRX), Genocea Biosciences (GNCA) and LightPath Technologies (LPTH).

Evolution Petroleum trades on the New York Stock Exchange (NYSE)AMERICAN under the ticker symbol "EPM."

Evolution Petroleum's stock is owned by many different retail and institutional investors. Top institutional investors include Renaissance Technologies LLC (4.92%), River Road Asset Management LLC (3.51%), Russell Investments Group Ltd. (2.49%), Penn Mutual Asset Management LLC (0.95%), First Trust Advisors LP (0.81%) and Geode Capital Management LLC (0.81%).
View institutional ownership trends.

Shares of EPM stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of EPM stock can currently be purchased for approximately $6.31.

Evolution Petroleum (NYSEAMERICAN:EPM) has a market capitalization of $212.77 million and generates $108.93 million in revenue each year. The energy company earns $32.63 million in net income (profit) each year or $1.24 on an earnings per share basis.

Evolution Petroleum's mailing address is 1155 Dairy Ashford Rd Ste 425, HOUSTON, TX 77079-3021, United States. The official website for the company is www.evolutionpetroleum.com. The energy company can be reached via phone at (713) 935-0122 or via fax at 713-935-0199.