Evolution Petroleum (NYSEAMERICAN:EPM) Releases Earnings Results, Misses Expectations By $0.02 EPS

Evolution Petroleum (NYSEAMERICAN:EPM) announced its earnings results on Tuesday. The energy company reported ($0.01) earnings per share for the quarter, missing the consensus estimate of $0.01 by ($0.02), FiscalAI reports. The firm had revenue of $22.57 million for the quarter, compared to the consensus estimate of $22.57 million. Evolution Petroleum had a negative net margin of 2.81% and a negative return on equity of 5.41%.

Evolution Petroleum Stock Performance

EPM traded up $0.03 during trading on Tuesday, hitting $3.57. The stock had a trading volume of 444,922 shares, compared to its average volume of 421,376. The firm has a market cap of $145.12 million, a PE ratio of -44.62 and a beta of 0.42. Evolution Petroleum has a 12 month low of $3.19 and a 12 month high of $4.99. 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 company has a 50 day simple moving average of $3.68 and a 200-day simple moving average of $4.04.

Evolution Petroleum Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Monday, September 21st were issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 13.4%. The ex-dividend date was Monday, September 21st. Evolution Petroleum’s dividend payout ratio (DPR) is 600.08%.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on EPM shares. Northland Securities set a $4.25 price target on Evolution Petroleum in a report on Thursday, September 17th. Alliance Global Partners reissued a “buy” rating on shares of Evolution Petroleum in a research note on Tuesday, August 25th. Zacks Research upgraded Evolution Petroleum from a “strong sell” rating to a “hold” rating in a research report on Friday, August 28th. Finally, Freedom Broker upgraded Evolution Petroleum from a “hold” rating to a “buy” rating and set a $4.50 price objective for the company in a research report on Tuesday, September 22nd. Four research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $4.76.

Evolution Petroleum Company Profile

Evolution Petroleum Corporation is an independent oil and natural gas company focused on acquiring, developing and optimizing mature, long-lived producing properties in the United States. The company emphasizes assets that can generate production and cash flow through enhanced oil recovery, operational improvements and reservoir management. Evolution Petroleum’s portfolio has historically included the Delhi Field in northeastern Louisiana, where carbon dioxide injection is used for tertiary oil recovery.