Evolution Petroleum Co. (NASDAQ:EPM) Expected to Announce Quarterly Sales of $5.02 Million

Equities analysts forecast that Evolution Petroleum Co. (NASDAQ:EPM) will announce $5.02 million in sales for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for Evolution Petroleum’s earnings. The lowest sales estimate is $4.44 million and the highest is $5.60 million. Evolution Petroleum reported sales of $9.38 million in the same quarter last year, which indicates a negative year over year growth rate of 46.5%. The company is scheduled to report its next quarterly earnings results on Wednesday, February 3rd.

On average, analysts expect that Evolution Petroleum will report full-year sales of $25.31 million for the current financial year, with estimates ranging from $21.02 million to $29.60 million. For the next fiscal year, analysts forecast that the company will post sales of $23.20 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research analysts that cover Evolution Petroleum.

Separately, Roth Capital raised Evolution Petroleum from a “neutral” rating to a “buy” rating in a research report on Friday, September 4th.

Evolution Petroleum stock opened at $2.85 on Friday. Evolution Petroleum has a 12 month low of $2.09 and a 12 month high of $5.73. The stock’s 50 day moving average is $2.78 and its 200-day moving average is $2.61.

Evolution Petroleum Company Profile

Evolution Petroleum Corporation, an oil and gas company, engages in the development, production, ownership, and management of oil and gas properties in the United States. The company primarily holds interests in a CO2 enhanced oil recovery project in Louisiana's Delhi field. Its Delhi Holt-Bryant Unit covers an area of 13,636 acres located in Northeast Louisiana.

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