Evolution Petroleum (NYSEAMERICAN:EPM) issued its earnings results on Sunday. The energy company reported $0.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.09 by ($0.02), Fidelity Earnings reports. Evolution Petroleum had a negative return on equity of 0.48% and a negative net margin of 93.88%. During the same quarter in the prior year, the company posted ($0.03) earnings per share.
Shares of NYSEAMERICAN EPM traded down $0.18 during trading on Tuesday, reaching $4.78. 3,079 shares of the company traded hands, compared to its average volume of 94,362. The firm’s 50 day moving average price is $2.82. Evolution Petroleum has a 52-week low of $2.09 and a 52-week high of $5.23. The stock has a market capitalization of $160.18 million, a PE ratio of -7.87 and a beta of 1.52.
An institutional investor recently raised its position in Evolution Petroleum stock. Morgan Stanley raised its position in shares of Evolution Petroleum Co. (NYSEAMERICAN:EPM) by 149.0% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 191,232 shares of the energy company’s stock after purchasing an additional 114,433 shares during the quarter. Morgan Stanley owned 0.57% of Evolution Petroleum worth $948,000 as of its most recent SEC filing. 63.81% of the stock is currently owned by institutional investors.
Evolution Petroleum Corp. is an oil and gas company. It develops and produces oil and gas reserves within known oil and gas resources utilizing technology onshore in the United States. The company holds interests in the Carbon Dioxide enhanced oil recovery project in Louisiana’s Delhi Field. Evolution Petroleum was founded by Robert Stevens Herlin and Laird Q.
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