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

Evolution Petroleum Co. (NYSEAMERICAN:EPMFree Report) – 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.

Check Out Our Latest Stock Report on Evolution Petroleum

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

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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.

Further Reading

Earnings History and Estimates for Evolution Petroleum (NYSEAMERICAN:EPM)

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