Roth Capital Research Analysts Boost Earnings Estimates for Evolution Petroleum Co. (NYSEAMERICAN:EPM)

Evolution Petroleum Co. (NYSEAMERICAN:EPM) – Roth Capital upped their Q3 2024 earnings per share (EPS) estimates for shares of Evolution Petroleum in a research note issued on Monday, April 15th. Roth Capital analyst J. White now anticipates that the energy company will earn $0.04 per share for the quarter, up from their prior estimate of $0.03. The consensus estimate for Evolution Petroleum’s current full-year earnings is $0.19 per share. Roth Capital also issued estimates for Evolution Petroleum’s Q4 2024 earnings at $0.05 EPS, FY2024 earnings at $0.16 EPS and FY2025 earnings at $0.40 EPS.

Several other research firms also recently weighed in on EPM. Roth Mkm reiterated a “buy” rating and set a $8.25 price target on shares of Evolution Petroleum in a research note on Thursday, April 4th. TheStreet downgraded Evolution Petroleum from a “b” rating to a “c+” rating in a research note on Wednesday, February 7th.

Evolution Petroleum Stock Up 0.4 %

Shares of Evolution Petroleum stock opened at $5.63 on Wednesday. Evolution Petroleum has a 1 year low of $5.00 and a 1 year high of $10.11. The firm has a market cap of $188.38 million, a PE ratio of 11.73 and a beta of 0.89.

Evolution Petroleum (NYSEAMERICAN:EPM) last announced its earnings results on Tuesday, February 6th. The energy company reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.10 by ($0.07). Evolution Petroleum had a net margin of 17.25% and a return on equity of 18.44%. The business had revenue of $21.02 million for the quarter, compared to analysts’ expectations of $23.67 million.

Institutional Trading of Evolution Petroleum

A number of large investors have recently modified their holdings of EPM. Register Financial Advisors LLC raised its holdings in shares of Evolution Petroleum by 71.2% during the 1st quarter. Register Financial Advisors LLC now owns 276,405 shares of the energy company’s stock valued at $1,697,000 after buying an additional 114,987 shares in the last quarter. Barclays PLC raised its holdings in shares of Evolution Petroleum by 529.2% during the 4th quarter. Barclays PLC now owns 44,114 shares of the energy company’s stock valued at $256,000 after buying an additional 37,103 shares in the last quarter. Ranger Investment Management L.P. raised its holdings in shares of Evolution Petroleum by 14.3% during the 4th quarter. Ranger Investment Management L.P. now owns 974,270 shares of the energy company’s stock valued at $5,661,000 after buying an additional 121,955 shares in the last quarter. State of Tennessee Treasury Department raised its holdings in shares of Evolution Petroleum by 37.4% during the 4th quarter. State of Tennessee Treasury Department now owns 44,856 shares of the energy company’s stock valued at $261,000 after buying an additional 12,216 shares in the last quarter. Finally, Penn Mutual Asset Management LLC raised its holdings in shares of Evolution Petroleum by 17.5% during the 4th quarter. Penn Mutual Asset Management LLC now owns 700,053 shares of the energy company’s stock valued at $4,067,000 after buying an additional 104,299 shares in the last quarter. Institutional investors own 60.07% of the company’s stock.

Evolution Petroleum Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 15th were given a dividend of $0.12 per share. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 8.53%. Evolution Petroleum’s dividend payout ratio (DPR) is presently 100.00%.

About Evolution Petroleum

Evolution Petroleum Corporation, an energy company, engages in the development, production, ownership, and exploitation of onshore oil and gas properties in the United States. The company holds interests in a CO2 enhanced oil recovery project in Louisiana's Delhi field. Its Delhi Holt-Bryant Unit covers an area of approximately 13,636 acres located in Northeast Louisiana.