Evolution Petroleum (NYSEAMERICAN:EPM) Releases Earnings Results, Misses Expectations By $0.11 EPS

Evolution Petroleum (NYSEAMERICAN:EPM) announced its quarterly earnings results on Tuesday. The energy company reported ($0.09) earnings per share for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.11), FiscalAI reports. The firm had revenue of $20.17 million during the quarter, compared to analyst estimates of $21.32 million. Evolution Petroleum had a net margin of 3.65% and a return on equity of 2.88%.

Evolution Petroleum Trading Up 0.2%

Shares of NYSEAMERICAN:EPM traded up $0.01 during mid-day trading on Tuesday, reaching $4.79. The stock had a trading volume of 347,337 shares, compared to its average volume of 406,981. The firm has a 50 day simple moving average of $4.55 and a two-hundred day simple moving average of $4.19. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.81. Evolution Petroleum has a twelve month low of $3.19 and a twelve month high of $5.70. The firm has a market cap of $167.65 million, a PE ratio of 59.88 and a beta of 0.29.

Institutional Trading of Evolution Petroleum

Several hedge funds and other institutional investors have recently modified their holdings of EPM. AQR Capital Management LLC bought a new position in shares of Evolution Petroleum during the first quarter worth about $91,000. Goldman Sachs Group Inc. raised its holdings in shares of Evolution Petroleum by 24.0% in the first quarter. Goldman Sachs Group Inc. now owns 139,715 shares of the energy company’s stock valued at $724,000 after purchasing an additional 27,068 shares during the last quarter. Jane Street Group LLC acquired a new stake in shares of Evolution Petroleum in the first quarter valued at approximately $102,000. Focus Partners Wealth acquired a new stake in shares of Evolution Petroleum in the first quarter valued at approximately $70,000. Finally, Sei Investments Co. acquired a new stake in shares of Evolution Petroleum in the second quarter valued at approximately $77,000. Institutional investors and hedge funds own 60.07% of the company’s stock.

Evolution Petroleum Company Profile

Evolution Petroleum Corporation (NYSE American: EPM) is an independent oil and natural gas company focused on enhanced oil recovery (EOR) through the use of carbon dioxide. Headquartered in Houston, Texas, the company specializes in acquiring and developing mature hydrocarbon reservoirs that benefit from CO₂ injection to increase production efficiency. Evolution Petroleum’s business model combines property acquisition, reservoir engineering, and CO₂ management to optimize recovery of oil and associated gas.

The company’s primary asset is the Jackson Dome CO₂ field in southwestern Mississippi, where natural carbon dioxide is produced, separated and reinjected into adjacent oil-bearing formations.