Evolution Petroleum Co. (NYSEAMERICAN:EPM) to Post Q4 2024 Earnings of $0.02 Per Share, Roth Capital Forecasts

Evolution Petroleum Co. (NYSEAMERICAN:EPM) – Equities researchers at Roth Capital decreased their Q4 2024 earnings per share estimates for Evolution Petroleum in a report released on Thursday, August 29th. Roth Capital analyst J. White now anticipates that the energy company will earn $0.02 per share for the quarter, down from their prior forecast of $0.07. The consensus estimate for Evolution Petroleum’s current full-year earnings is $0.14 per share.

Separately, StockNews.com downgraded shares of Evolution Petroleum from a “hold” rating to a “sell” rating in a report on Wednesday, May 15th.

Evolution Petroleum Stock Down 2.8 %

Shares of NYSEAMERICAN:EPM opened at $5.01 on Monday. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.49 and a quick ratio of 1.49. Evolution Petroleum has a 12-month low of $4.66 and a 12-month high of $9.34. The firm has a market cap of $166.97 million, a P/E ratio of 62.57 and a beta of 0.83.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. Gladius Capital Management LP purchased a new position in Evolution Petroleum during the fourth quarter valued at approximately $27,000. SpiderRock Advisors LLC purchased a new stake in Evolution Petroleum during the first quarter worth $71,000. Principal Financial Group Inc. purchased a new position in shares of Evolution Petroleum in the 1st quarter valued at about $95,000. Rhumbline Advisers raised its stake in shares of Evolution Petroleum by 10.0% during the 2nd quarter. Rhumbline Advisers now owns 47,523 shares of the energy company’s stock worth $250,000 after buying an additional 4,310 shares during the period. Finally, Connors Investor Services Inc. raised its position in Evolution Petroleum by 19.9% during the first quarter. Connors Investor Services Inc. now owns 48,300 shares of the energy company’s stock worth $297,000 after acquiring an additional 8,000 shares during the period. Institutional investors own 60.07% of the company’s stock.

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.