Evolution Petroleum Corp (EPM) Releases Quarterly Earnings Results, Misses Expectations By $0.02 EPS
Evolution Petroleum Corp (NYSE:EPM) released its quarterly earnings data on Wednesday. The energy company reported $0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.07 by $0.02, Briefing.com reports. The firm had revenue of $8.84 million for the quarter, compared to analyst estimates of $9.52 million. Evolution Petroleum Corp had a net margin of 25.40% and a return on equity of 14.11%. Evolution Petroleum Corp’s revenue for the quarter was up 22.1% on a year-over-year basis. During the same period in the previous year, the business posted $0.63 EPS.
Evolution Petroleum Corp (EPM) traded down 2.90% during trading on Friday, reaching $6.70. The company’s stock had a trading volume of 20,008 shares. Evolution Petroleum Corp has a 52 week low of $5.79 and a 52 week high of $10.20. The company has a market cap of $218.88 million and a P/E ratio of 8.51. The company’s 50 day moving average price is $7.68 and its 200 day moving average price is $7.89.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 15th will be given a dividend of $0.075 per share. This is a boost from Evolution Petroleum Corp’s previous quarterly dividend of $0.07. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $0.30 dividend on an annualized basis and a yield of 4.35%.
A number of analysts recently issued reports on the company. Northland Securities set a $8.00 price objective on Evolution Petroleum Corp and gave the company a “hold” rating in a research report on Monday, August 28th. Zacks Investment Research raised Evolution Petroleum Corp from a “sell” rating to a “hold” rating in a research report on Monday, August 14th. Roth Capital set a $11.00 price objective on Evolution Petroleum Corp and gave the company a “buy” rating in a research report on Thursday, August 10th. BidaskClub cut Evolution Petroleum Corp from a “buy” rating to a “hold” rating in a research report on Tuesday, July 25th. Finally, Scotiabank set a $10.00 price objective on Evolution Petroleum Corp and gave the company a “buy” rating in a research report on Saturday, July 22nd. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $9.60.
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Evolution Petroleum Corp Company Profile
Evolution Petroleum Corporation is an independent oil and gas company. The Company is engaged in the acquisition, exploitation and development of properties for the production of crude oil and natural gas, onshore in the United States. Its assets include interests in a carbon dioxide (CO2) enhanced oil recovery project (EOR) in Louisiana’s Delhi field.
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