Evolution Petroleum (NYSEAMERICAN:EPM) Posts Earnings Results, Misses Estimates By $0.03 EPS

Evolution Petroleum (NYSEAMERICAN:EPM) released its quarterly earnings data on Tuesday. The energy company reported ($0.02) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.03), FiscalAI reports. The company had revenue of $24.21 million for the quarter, compared to the consensus estimate of $23.23 million. Evolution Petroleum had a negative return on equity of 2.75% and a negative net margin of 4.36%.

Evolution Petroleum Stock Performance

Shares of NYSEAMERICAN EPM traded down $0.02 during midday trading on Tuesday, reaching $3.69. The company’s stock had a trading volume of 939,237 shares, compared to its average volume of 425,130. The stock has a market capitalization of $132.66 million, a P/E ratio of -33.55 and a beta of 0.25. The company has a debt-to-equity ratio of 0.97, a current ratio of 0.61 and a quick ratio of 0.61. The firm has a 50 day moving average price of $3.69 and a 200-day moving average price of $4.13. Evolution Petroleum has a 12-month low of $3.19 and a 12-month high of $5.70.

Evolution Petroleum Dividend Announcement

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

Wall Street Analyst Weigh In

A number of equities research analysts have commented on EPM shares. Northland Securities raised Evolution Petroleum from a “market perform” rating to an “outperform” rating and set a $4.00 price objective for the company in a research note on Friday, August 28th. Alliance Global Partners reiterated a “buy” rating on shares of Evolution Petroleum in a report on Tuesday, August 25th. Zacks Research raised shares of Evolution Petroleum from a “strong sell” rating to a “hold” rating in a research report on Friday, August 28th. Finally, Freedom Capital downgraded shares of Evolution Petroleum from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 20th. Three equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $4.77.

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.