Q1 EPS Estimates for Evolution Petroleum Lifted by Analyst

Evolution Petroleum Corporation, Inc. (NYSEAMERICAN:EPM) – Stock analysts at Northland Securities raised their Q1 2027 earnings per share (EPS) estimates for Evolution Petroleum in a research note issued on Thursday, September 17th. Northland Securities analyst J. Grampp now anticipates that the energy company will earn $0.01 per share for the quarter, up from their previous forecast of ($0.01). The consensus estimate for Evolution Petroleum’s current full-year earnings is $0.03 per share. Northland Securities also issued estimates for Evolution Petroleum’s Q4 2027 earnings at $0.01 EPS and FY2027 earnings at $0.09 EPS.

Evolution Petroleum (NYSEAMERICAN:EPM) last issued its earnings results on Tuesday, September 15th. The energy company reported ($0.02) earnings per share for the quarter, missing the consensus estimate of $0.01 by ($0.03). Evolution Petroleum had a negative return on equity of 5.31% and a negative net margin of 2.81%.The firm had revenue of $24.21 million during the quarter, compared to analysts’ expectations of $23.23 million.

Other analysts have also issued reports about the stock. Zacks Research raised shares of Evolution Petroleum from a “strong sell” rating to a “hold” rating in a research note on Friday, August 28th. Alliance Global Partners reissued a “buy” rating on shares of Evolution Petroleum in a research report on Tuesday, August 25th. Three analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $4.85.

Evolution Petroleum Stock Performance

Shares of Evolution Petroleum stock opened at $3.69 on Friday. The firm has a market cap of $132.66 million, a P/E ratio of -46.12 and a beta of 0.25. The company has a current ratio of 0.61, a quick ratio of 0.61 and a debt-to-equity ratio of 0.97. Evolution Petroleum has a 12 month low of $3.19 and a 12 month high of $5.53. The stock’s fifty day moving average price is $3.69 and its 200-day moving average price is $4.12.

Evolution Petroleum Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Monday, September 21st will be paid a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 13.0%. The ex-dividend date is Monday, September 21st. Evolution Petroleum’s dividend payout ratio (DPR) is 600.08%.

Hedge Funds Weigh In On Evolution Petroleum

Institutional investors and hedge funds have recently bought and sold shares of the company. WealthTrust Axiom LLC grew its stake in Evolution Petroleum by 9.4% during the 4th quarter. WealthTrust Axiom LLC now owns 1,948,657 shares of the energy company’s stock worth $6,898,000 after buying an additional 166,624 shares during the last quarter. BlackRock Inc. purchased a new stake in Evolution Petroleum in the second quarter valued at about $8,894,000. Ellevest Inc. raised its stake in Evolution Petroleum by 59.9% in the fourth quarter. Ellevest Inc. now owns 48,933 shares of the energy company’s stock valued at $173,000 after buying an additional 18,333 shares during the last quarter. Equitable Holdings Inc. acquired a new stake in Evolution Petroleum in the second quarter worth about $37,000. Finally, Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of Evolution Petroleum during the second quarter worth about $198,000. 60.07% of the stock is owned by hedge funds and other institutional investors.

Evolution Petroleum Company Profile

Evolution Petroleum Corporation is an independent energy company engaged in the acquisition, development, and operation of oil and natural gas properties. The company focuses primarily on mature, long-life assets in the United States, with an emphasis on properties that can benefit from enhanced oil recovery, operational improvements, and additional development.

Evolution Petroleum’s flagship asset is its interest in the Delhi Field in northeastern Louisiana, where carbon dioxide is used in a miscible flood program to increase oil recovery from an established reservoir.