Q3 EPS Forecast for Evolution Petroleum Boosted by Analyst

Evolution Petroleum Corporation, Inc. (NYSEAMERICAN:EPM) – Equities researchers at Northland Securities raised their Q3 2027 earnings 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 earn $0.04 per share for the quarter, up from their previous forecast of $0.03. The consensus estimate for Evolution Petroleum’s current full-year earnings is $0.05 per share.

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

Other equities research analysts have also recently issued research reports about the stock. Freedom Broker upgraded shares of Evolution Petroleum from a “hold” rating to a “buy” rating and set a $4.50 target price for the company in a research note on Tuesday, September 22nd. Alliance Global Partners restated a “buy” rating on shares of Evolution Petroleum in a research note on Tuesday, August 25th. Finally, Zacks Research upgraded Evolution Petroleum from a “strong sell” rating to a “hold” rating in a research note on Friday, August 28th. Four investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $4.76.

Evolution Petroleum Stock Performance

Shares of EPM opened at $3.73 on Wednesday. The company has a 50-day simple moving average of $3.65 and a 200-day simple moving average of $3.97. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.94. Evolution Petroleum has a 52 week low of $3.19 and a 52 week high of $4.99.

Institutional Investors Weigh In On Evolution Petroleum

Institutional investors have recently bought and sold shares of the business. BlackRock Inc. acquired a new stake in Evolution Petroleum during the second quarter worth $8,894,000. Dimensional Fund Advisors LP increased its holdings in Evolution Petroleum by 2.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,453,218 shares of the energy company’s stock valued at $6,656,000 after buying an additional 32,641 shares during the period. CWA Asset Management Group LLC raised its stake in shares of Evolution Petroleum by 16.6% in the 3rd quarter. CWA Asset Management Group LLC now owns 939,802 shares of the energy company’s stock valued at $3,327,000 after buying an additional 134,040 shares in the last quarter. Castleview Partners LLC raised its stake in shares of Evolution Petroleum by 16.3% in the 3rd quarter. Castleview Partners LLC now owns 134,200 shares of the energy company’s stock valued at $475,000 after buying an additional 18,807 shares in the last quarter. Finally, Bank of New York Mellon Corp acquired a new position in shares of Evolution Petroleum in the 2nd quarter valued at $312,000. Institutional investors and hedge funds own 60.07% of the company’s stock.

Evolution Petroleum Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Monday, September 21st were given a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 12.9%. The ex-dividend date of this dividend was Monday, September 21st. Evolution Petroleum’s dividend payout ratio (DPR) is 600.08%.

About Evolution Petroleum

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.