Analysts expect Evolution Petroleum Corp (NYSE:EPM) to report earnings per share (EPS) of $0.07 for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for Evolution Petroleum Corp’s earnings. The lowest EPS estimate is $0.06 and the highest is $0.08. Evolution Petroleum Corp reported earnings per share of $0.09 in the same quarter last year, which would indicate a negative year-over-year growth rate of 22.2%. The business is expected to report its next quarterly earnings results after the market closes on Wednesday, September 6th.
According to Zacks, analysts expect that Evolution Petroleum Corp will report full-year earnings of $0.27 per share for the current year. For the next fiscal year, analysts forecast that the firm will post earnings of $0.42 per share, with EPS estimates ranging from $0.34 to $0.49. Zacks’ earnings per share calculations are an average based on a survey of research analysts that cover Evolution Petroleum Corp.
EPM has been the topic of a number of recent analyst reports. Roth Capital set a $11.00 target price on Evolution Petroleum Corp and gave the company a “buy” rating in a research report on Monday, May 22nd. Scotiabank set a $10.00 target price on Evolution Petroleum Corp and gave the company a “buy” rating in a research report on Saturday, July 22nd. BidaskClub upgraded Evolution Petroleum Corp from a “hold” rating to a “buy” rating in a research report on Thursday, July 6th. Northland Securities set a $8.00 target price on Evolution Petroleum Corp and gave the company a “hold” rating in a research report on Monday, August 28th. Finally, Zacks Investment Research upgraded Evolution Petroleum Corp from a “sell” rating to a “hold” rating in a research report on Monday, August 14th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $9.60.
A number of hedge funds have recently made changes to their positions in EPM. Bank of Montreal Can lifted its holdings in Evolution Petroleum Corp by 559.3% in the 1st quarter. Bank of Montreal Can now owns 18,420 shares of the energy company’s stock valued at $147,000 after purchasing an additional 15,626 shares in the last quarter. Nationwide Fund Advisors lifted its holdings in Evolution Petroleum Corp by 14.2% in the 1st quarter. Nationwide Fund Advisors now owns 15,915 shares of the energy company’s stock valued at $127,000 after purchasing an additional 1,979 shares in the last quarter. LSV Asset Management purchased a new position in Evolution Petroleum Corp in the 1st quarter valued at $708,000. Bank of New York Mellon Corp lifted its holdings in Evolution Petroleum Corp by 1.4% in the 1st quarter. Bank of New York Mellon Corp now owns 304,514 shares of the energy company’s stock valued at $2,437,000 after purchasing an additional 4,147 shares in the last quarter. Finally, Hillsdale Investment Management Inc. purchased a new position in Evolution Petroleum Corp in the 1st quarter valued at $966,000.
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Shares of Evolution Petroleum Corp (EPM) opened at 7.10 on Tuesday. The firm has a 50-day moving average of $7.78 and a 200-day moving average of $7.93. Evolution Petroleum Corp has a 12 month low of $5.67 and a 12 month high of $10.20. The firm has a market cap of $231.94 million and a price-to-earnings ratio of 9.02.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 15th will be issued a $0.075 dividend. The ex-dividend date is Thursday, September 14th. This represents a $0.30 dividend on an annualized basis and a yield of 4.23%. This is a positive change from Evolution Petroleum Corp’s previous quarterly dividend of $0.07.
About Evolution Petroleum Corp
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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