Q1 EPS Forecast for Evolution Petroleum Lifted by Analyst

Evolution Petroleum Corporation, Inc. (NYSEAMERICAN:EPM) – Equities research analysts at Northland Securities upped their Q1 2027 earnings per share estimates for shares of Evolution Petroleum in a research report issued to clients and investors on Tuesday, October 20th. Northland Securities analyst J. Grampp now anticipates that the energy company will post earnings of $0.02 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 $0.05 per share. Northland Securities also issued estimates for Evolution Petroleum’s FY2028 earnings at $0.09 EPS.

Evolution Petroleum (NYSEAMERICAN:EPM) last issued its quarterly earnings results on Tuesday, September 15th. The energy company reported ($0.02) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.03). The business had revenue of $24.21 million for the quarter, compared to analysts’ expectations of $23.23 million. Evolution Petroleum had a negative return on equity of 5.41% and a negative net margin of 2.81%.

EPM has been the topic of several other reports. Zacks Research raised shares of Evolution Petroleum from a “strong sell” rating to a “hold” rating in a research note on Friday, August 28th. Freedom Broker raised shares of Evolution Petroleum from a “hold” rating to a “buy” rating and set a $4.50 price target for the company in a research report on Tuesday, September 22nd. Finally, Alliance Global Partners restated a “buy” rating on shares of Evolution Petroleum in a research note on Tuesday, August 25th. Four equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $4.76.

Evolution Petroleum Trading Up 0.8%

NYSEAMERICAN EPM opened at $3.76 on Thursday. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.92 and a quick ratio of 0.92. The firm has a 50 day simple moving average of $3.65 and a 200-day simple moving average of $3.96. Evolution Petroleum has a one year low of $3.19 and a one year high of $4.99.

Evolution Petroleum Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Monday, September 21st were given a $0.12 dividend. The ex-dividend date of this dividend was Monday, September 21st. This represents a $0.48 dividend on an annualized basis and a yield of 12.8%. Evolution Petroleum’s dividend payout ratio (DPR) is currently 600.08%.

Hedge Funds Weigh In On Evolution Petroleum

Several hedge funds and other institutional investors have recently made changes to their positions in EPM. CWA Asset Management Group LLC grew its position in shares of Evolution Petroleum by 16.6% during the third quarter. CWA Asset Management Group LLC now owns 939,802 shares of the energy company’s stock worth $3,327,000 after buying an additional 134,040 shares in the last quarter. Castleview Partners LLC raised its holdings in Evolution Petroleum by 16.3% in the third quarter. Castleview Partners LLC now owns 134,200 shares of the energy company’s stock valued at $475,000 after acquiring an additional 18,807 shares in the last quarter. Wellington Management Group LLP raised its holdings in Evolution Petroleum by 19.6% in the second quarter. Wellington Management Group LLP now owns 19,783 shares of the energy company’s stock valued at $73,000 after acquiring an additional 3,236 shares in the last quarter. Equitable Holdings Inc. acquired a new stake in Evolution Petroleum in the second quarter valued at approximately $37,000. Finally, Bank of America Corp DE purchased a new position in Evolution Petroleum in the second quarter worth approximately $235,000. Hedge funds and other institutional investors own 60.07% of the company’s stock.

Evolution Petroleum Company Profile

Evolution Petroleum Corporation is an independent oil and natural gas company focused on acquiring, developing and managing mature, long-life producing properties in the United States. The company emphasizes assets that can generate stable production and cash flow through improved recovery techniques, operating efficiencies and disciplined capital investment.

Evolution Petroleum is particularly known for its interest in the Delhi Field in northeastern Louisiana, where carbon dioxide enhanced oil recovery is used to increase production from a mature oil reservoir.