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EPM

Evolution Petroleum Corporation

https://www.evolutionpetroleum.com

Industry

Oil & Gas Exploration & Production

Evolution Petroleum Corporation, an oil and natural gas company, engages in the development, production, ownership, and management of 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 13,636 acres located in Northeast Louisiana. The company also holds interests in the Hamilton Dome field covering 5,908 acres located in Wyoming; and Barnett Shale field covering an area of 123,777 acres located in North Texas. Evolution Petroleum Corporation was founded in 2003 and is based in Houston, Texas.

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Evolution Petroleum (AMEX:EPM) reported Q3 2024 earnings of $0.03 per share, meeting analyst estimates but marking a 92.86% decrease from the previous year. Sales were $23.025M, exceeding estimates by 2.88% but showing a 37.55% decrease year-over-year.

Portfolio Pulse from Benzinga Newsdesk

May 07, 2024 | 10:24 pm

Roth MKM analyst John White has maintained a Buy rating on Evolution Petroleum (AMEX:EPM) and kept the price target at $8.25.

Portfolio Pulse from Benzinga Newsdesk

April 04, 2024 | 2:00 pm

Evolution Petroleum (AMEX:EPM) reported Q2 earnings with an EPS of $0.03, missing estimates by 66.67% and a revenue decrease of $12.65 million from the previous year. The company's past earnings performance shows a pattern of missed EPS estimates leading to share price drops.

Portfolio Pulse from Benzinga Insights

February 06, 2024 | 9:40 pm

Evolution Petroleum (AMEX:EPM) reported Q2 adjusted EPS of $0.03, missing the $0.09 estimate, and sales of $21.02M, below the $22.77M estimate. This represents a significant decrease from the previous year's earnings and sales.

Portfolio Pulse from mahesh@benzinga.com

February 06, 2024 | 9:37 pm

Earnings reports for various companies are scheduled for February 6, 2024, with projections ranging from significant profits to losses across diverse sectors. Notable mentions include BP, UBS, Frontier Group Holdings, and Spotify Technology, among others, indicating a broad spectrum of financial health and market expectations.

Portfolio Pulse from Benzinga Insights

February 06, 2024 | 10:42 am

Evolution Petroleum Corporation (NYSE:EPM) has announced the acquisition of non-operated oil and gas assets in Oklahoma from Red Sky Resources and Coriolis Energy Partners for $43.5 million. The assets include approximately 1,550 BOEPD production, 230 producing wells, and 3,700 net acres with over 300 undeveloped locations. The acquisition is expected to be highly accretive to key valuation metrics and self-funding, generating incremental cash flow to support the company's dividend. The transaction will be funded with cash and borrowings from EPM's credit facility, with net debt remaining within targeted leverage post-transaction.

Portfolio Pulse from Benzinga Newsdesk

January 09, 2024 | 9:24 pm

Evolution Petroleum (AMEX:EPM) reported Q1 earnings of $0.04 per share, missing the analyst consensus estimate of $0.07 by 42.86%. This is a 87.5% decrease from the same period last year. The company also reported quarterly sales of $20.60 million, missing the analyst consensus estimate of $21.58 million by 4.54%. This is a 48.23% decrease from the same period last year.

Portfolio Pulse from mahesh@benzinga.com

November 07, 2023 | 10:17 pm

The article discusses the current overbought status of oil and suggests an investment opportunity in Evolution Petroleum Corporation (NYSE:EPM), which is currently oversold. Despite a recent earnings miss due to downtime and maintenance issues, the company's fundamentals remain strong with zero debt and plenty of cash on its balance sheet. The author suggests buying EPM stock or selling puts on it as potential investment strategies.

Portfolio Pulse from David Pinsen

September 20, 2023 | 2:20 pm

Evolution Petroleum (AMEX:EPM) has announced a quarterly dividend of 12 cents per share. The stock will go ex-dividend on Thursday, meaning it will likely open 12 cents lower. Shareholders who own EPM as of the end of Wednesday's session are eligible to receive the dividend, which will be paid out on September 29, 2023.

Portfolio Pulse from Benzinga Insights

September 18, 2023 | 2:46 pm

Roth MKM analyst John White has reiterated a 'Buy' rating on Evolution Petroleum (AMEX:EPM) and maintained a price target of $9.5.

Portfolio Pulse from Benzinga Newsdesk

September 18, 2023 | 1:39 pm

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