Evolution Petroleum (NYSEAMERICAN:EPM) Posts Earnings Results, Misses Estimates By $0.02 EPS

Evolution Petroleum (NYSEAMERICAN:EPM) announced its quarterly earnings data on Tuesday. The energy company reported ($0.01) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.02), FiscalAI reports. Evolution Petroleum had a negative net margin of 7.13% and a negative return on equity of 6.08%. The business had revenue of $22.57 million during the quarter, compared to analyst estimates of $22.57 million.

Evolution Petroleum Stock Down 0.5%

EPM stock opened at $3.42 on Thursday. The stock’s 50 day simple moving average is $3.67 and its 200 day simple moving average is $4.04. Evolution Petroleum has a fifty-two week low of $3.19 and a fifty-two week high of $4.99. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.92 and a current ratio of 0.92. The company has a market cap of $139.19 million, a P/E ratio of -19.03 and a beta of 0.42.

Evolution Petroleum Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 31st. Investors of record on Tuesday, December 15th will be given a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 14.0%. The ex-dividend date of this dividend is Tuesday, December 15th. Evolution Petroleum’s payout ratio is presently 600.08%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on EPM shares. Northland Securities set a $4.25 target price on Evolution Petroleum in a report on Thursday, September 17th. Alliance Global Partners restated 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 Broker raised shares of Evolution Petroleum from a “hold” rating to a “buy” rating and set a $4.50 price objective for the company in a research report on Tuesday, September 22nd. Four investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $4.76.

About Evolution Petroleum

Evolution Petroleum Corporation is an independent oil and natural gas company focused on acquiring, developing and optimizing mature, long-lived producing properties in the United States. The company emphasizes assets that can generate production and cash flow through enhanced oil recovery, operational improvements and reservoir management. Evolution Petroleum’s portfolio has historically included the Delhi Field in northeastern Louisiana, where carbon dioxide injection is used for tertiary oil recovery.