Evolution Petroleum (NYSEAMERICAN:EPM) released its quarterly earnings results on Wednesday. The energy company reported $0.08 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.08, Fidelity Earnings reports. The company had revenue of $9.15 million during the quarter, compared to analysts’ expectations of $9.50 million.
EPM traded down $0.08 on Friday, hitting $5.64. The company had a trading volume of 154,955 shares, compared to its average volume of 143,818. Evolution Petroleum has a 12-month low of $5.23 and a 12-month high of $9.95.
EPM has been the subject of several recent research reports. Zacks Investment Research upgraded Evolution Petroleum from a “sell” rating to a “hold” rating in a research report on Monday, October 28th. TheStreet lowered Evolution Petroleum from a “b-” rating to a “c+” rating in a research report on Monday, September 30th. Finally, Northland Securities reiterated a “hold” rating and issued a $6.50 price target on shares of Evolution Petroleum in a research report on Monday, September 16th.
Evolution Petroleum Corporation, an oil and gas company, engages in the development, production, ownership, and management of oil and gas properties in the United States. The company primarily holds interests in a CO2 enhanced oil recovery project in Louisiana's Delhi field. Its Delhi Holt-Bryant Unit covers an area of 13,636 acres located in Northeast Louisiana.
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