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

Evolution Petroleum Co. (NYSEAMERICAN:EPM) – Equities research analysts at Roth Capital cut their FY2024 earnings estimates for shares of Evolution Petroleum in a note issued to investors on Thursday, August 29th. Roth Capital analyst J. White now expects that the energy company will post earnings of $0.10 per share for the year, down from their previous forecast of $0.15. The consensus estimate for Evolution Petroleum’s current full-year earnings is $0.16 per share. Roth Capital also issued estimates for Evolution Petroleum’s Q1 2025 earnings at $0.06 EPS, Q2 2025 earnings at $0.06 EPS, Q3 2025 earnings at $0.09 EPS, Q4 2025 earnings at $0.05 EPS and FY2025 earnings at $0.26 EPS.

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

Evolution Petroleum Trading Down 0.8 %

Shares of NYSEAMERICAN:EPM opened at $5.15 on Friday. Evolution Petroleum has a fifty-two week low of $4.66 and a fifty-two week high of $9.34. The company has a market capitalization of $171.80 million, a P/E ratio of 64.38 and a beta of 0.83. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.49 and a current ratio of 1.49.

Institutional Investors Weigh In On Evolution Petroleum

A number of institutional investors and hedge funds have recently modified their holdings of the company. Vanguard Group Inc. raised its stake in Evolution Petroleum by 0.6% in the 1st quarter. Vanguard Group Inc. now owns 1,611,605 shares of the energy company’s stock valued at $9,895,000 after acquiring an additional 8,904 shares during the period. Dimensional Fund Advisors LP raised its position in shares of Evolution Petroleum by 0.4% in the second quarter. Dimensional Fund Advisors LP now owns 1,336,348 shares of the energy company’s stock valued at $7,043,000 after purchasing an additional 5,250 shares during the period. Renaissance Technologies LLC lifted its stake in shares of Evolution Petroleum by 4.7% during the 2nd quarter. Renaissance Technologies LLC now owns 1,315,383 shares of the energy company’s stock worth $6,932,000 after buying an additional 58,586 shares during the last quarter. North Star Investment Management Corp. lifted its stake in shares of Evolution Petroleum by 8.9% during the 1st quarter. North Star Investment Management Corp. now owns 769,369 shares of the energy company’s stock worth $4,724,000 after buying an additional 63,105 shares during the last quarter. Finally, Penn Mutual Asset Management LLC boosted 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 worth $4,067,000 after buying an additional 104,299 shares during the period. 60.07% of the stock is owned by institutional investors.

Evolution Petroleum Company Profile

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.