Evolution Petroleum Co. (NYSEAMERICAN:EPM) to Post Q3 2024 Earnings of $0.04 Per Share, Roth Capital Forecasts

Evolution Petroleum Co. (NYSEAMERICAN:EPM) – Stock analysts at Roth Capital raised their Q3 2024 earnings estimates for shares of Evolution Petroleum in a note issued to investors on Monday, April 15th. Roth Capital analyst J. White now anticipates that the energy company will post earnings per share of $0.04 for the quarter, up from their previous forecast of $0.03. The consensus estimate for Evolution Petroleum’s current full-year earnings is $0.17 per share. Roth Capital also issued estimates for Evolution Petroleum’s Q4 2024 earnings at $0.05 EPS, FY2024 earnings at $0.16 EPS and FY2025 earnings at $0.40 EPS.

Other analysts also recently issued research reports about the stock. Roth Mkm reaffirmed a “buy” rating and issued a $8.25 target price on shares of Evolution Petroleum in a report on Thursday, April 4th. TheStreet downgraded shares of Evolution Petroleum from a “b” rating to a “c+” rating in a report on Wednesday, February 7th.

Evolution Petroleum Stock Performance

NYSEAMERICAN EPM traded down $0.20 during trading on Wednesday, reaching $5.61. The company’s stock had a trading volume of 332,937 shares, compared to its average volume of 332,563. The firm has a market cap of $187.71 million, a PE ratio of 12.02 and a beta of 0.89. Evolution Petroleum has a twelve month low of $5.00 and a twelve month high of $10.11.

Evolution Petroleum (NYSEAMERICAN:EPM) last announced its quarterly earnings results on Tuesday, February 6th. The energy company reported $0.03 EPS for the quarter, missing the consensus estimate of $0.10 by ($0.07). The company had revenue of $21.02 million for the quarter, compared to analyst estimates of $23.67 million. Evolution Petroleum had a return on equity of 18.44% and a net margin of 17.25%.

Evolution Petroleum Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 15th were issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 8.56%. The ex-dividend date was Thursday, March 14th. Evolution Petroleum’s dividend payout ratio is currently 100.00%.

Institutional Trading of Evolution Petroleum

A number of institutional investors have recently added to or reduced their stakes in EPM. Advisor Group Holdings Inc. raised its position in Evolution Petroleum by 97.0% during the first quarter. Advisor Group Holdings Inc. now owns 3,656 shares of the energy company’s stock worth $25,000 after acquiring an additional 1,800 shares during the last quarter. Gladius Capital Management LP acquired a new position in shares of Evolution Petroleum in the fourth quarter valued at approximately $27,000. BNP Paribas Arbitrage SA raised its position in shares of Evolution Petroleum by 253,450.0% in the first quarter. BNP Paribas Arbitrage SA now owns 5,071 shares of the energy company’s stock valued at $34,000 after buying an additional 5,069 shares during the last quarter. Cubist Systematic Strategies LLC acquired a new position in shares of Evolution Petroleum in the first quarter valued at approximately $34,000. Finally, Allspring Global Investments Holdings LLC acquired a new position in shares of Evolution Petroleum in the third quarter valued at approximately $35,000. Hedge funds and other institutional investors own 60.07% of the company’s stock.

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.