Equities analysts expect Evolution Petroleum Corp (NYSE:EPM) to post $9.75 million in sales for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Evolution Petroleum Corp’s earnings, with the lowest sales estimate coming in at $9.10 million and the highest estimate coming in at $10.39 million. Evolution Petroleum Corp reported sales of $7.24 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 34.7%. The business is scheduled to announce its next quarterly earnings report on Wednesday, September 6th.

On average, analysts expect that Evolution Petroleum Corp will report full year sales of $9.75 million for the current financial year, with estimates ranging from $34.70 million to $36.04 million. For the next fiscal year, analysts anticipate that the company will report sales of $45.93 million per share, with estimates ranging from $41.10 million to $50.76 million. Zacks’ sales calculations are an average based on a survey of sell-side analysts that that provide coverage for Evolution Petroleum Corp.

Evolution Petroleum Corp (NYSE:EPM) last released its quarterly earnings results on Monday, May 8th. The energy company reported $0.07 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.08 by $0.01. The company had revenue of $9.53 million during the quarter, compared to analysts’ expectations of $9.65 million. Evolution Petroleum Corp had a return on equity of 14.11% and a net margin of 25.40%.

Several analysts have recently weighed in on the stock. BidaskClub raised shares of Evolution Petroleum Corp from a “hold” rating to a “buy” rating in a research note on Thursday. Zacks Investment Research cut shares of Evolution Petroleum Corp from a “hold” rating to a “sell” rating in a research note on Wednesday, May 24th. Roth Capital set a $11.00 price target on shares of Evolution Petroleum Corp and gave the company a “buy” rating in a research note on Monday, May 22nd. Finally, Scotiabank set a $11.00 price target on shares of Evolution Petroleum Corp and gave the company a “buy” rating in a research note on Monday, March 27th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and five have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $10.00.

Institutional investors have recently modified their holdings of the company. Vanguard Group Inc. raised its position in shares of Evolution Petroleum Corp by 2.3% in the first quarter. Vanguard Group Inc. now owns 1,187,925 shares of the energy company’s stock valued at $9,503,000 after buying an additional 26,421 shares in the last quarter. Renaissance Technologies LLC raised its position in shares of Evolution Petroleum Corp by 21.0% in the fourth quarter. Renaissance Technologies LLC now owns 913,200 shares of the energy company’s stock valued at $9,132,000 after buying an additional 158,700 shares in the last quarter. River Road Asset Management LLC raised its position in shares of Evolution Petroleum Corp by 0.5% in the first quarter. River Road Asset Management LLC now owns 589,987 shares of the energy company’s stock valued at $4,720,000 after buying an additional 2,740 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of Evolution Petroleum Corp by 8.3% in the first quarter. Dimensional Fund Advisors LP now owns 404,301 shares of the energy company’s stock valued at $3,234,000 after buying an additional 31,006 shares in the last quarter. Finally, State Street Corp raised its position in shares of Evolution Petroleum Corp by 24.1% in the fourth quarter. State Street Corp now owns 358,184 shares of the energy company’s stock valued at $3,582,000 after buying an additional 69,626 shares in the last quarter.

Shares of Evolution Petroleum Corp (EPM) opened at 8.20 on Friday. The company has a market cap of $267.88 million and a P/E ratio of 10.42. The firm has a 50-day moving average of $7.74 and a 200 day moving average of $8.32. Evolution Petroleum Corp has a 52 week low of $5.12 and a 52 week high of $10.20.

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 30th. Stockholders of record on Thursday, June 15th were issued a $0.07 dividend. The ex-dividend date was Tuesday, June 13th. This represents a $0.28 annualized dividend and a dividend yield of 3.41%.

WARNING: “$9.75 Million in Sales Expected for Evolution Petroleum Corp (EPM) This Quarter” was originally published by American Banking News and is the property of of American Banking News. If you are accessing this article on another domain, it was illegally stolen and republished in violation of U.S. & international copyright and trademark law. The correct version of this article can be accessed at https://www.americanbankingnews.com/2017/07/08/9-75-million-in-sales-expected-for-evolution-petroleum-corp-epm-this-quarter.html.

About Evolution Petroleum Corp

Evolution Petroleum Corporation is an independent oil and gas company. The Company is engaged in the acquisition, exploitation and development of properties for the production of crude oil and natural gas, onshore in the United States. Its assets include interests in a carbon dioxide (CO2) enhanced oil recovery project (EOR) in Louisiana’s Delhi field.

Get a free copy of the Zacks research report on Evolution Petroleum Corp (EPM)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Evolution Petroleum Corp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Evolution Petroleum Corp and related companies with MarketBeat.com's FREE daily email newsletter.