Wall Street analysts predict that Evolution Petroleum Corp (NYSE:EPM) will post earnings per share of $0.07 for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for Evolution Petroleum Corp’s earnings, with estimates ranging from $0.06 to $0.08. Evolution Petroleum Corp reported earnings of $0.09 per share in the same quarter last year, which would suggest a negative year over year growth rate of 22.2%. The company is expected to report its next quarterly earnings report after the market closes on Wednesday, September 6th.

According to Zacks, analysts expect that Evolution Petroleum Corp will report full-year earnings of $0.27 per share for the current year. For the next fiscal year, analysts expect that the firm will post earnings of $0.42 per share, with EPS estimates ranging from $0.34 to $0.49. Zacks’ EPS averages are a mean average based on a survey of sell-side research firms that that provide coverage for Evolution Petroleum Corp.

A number of equities analysts recently commented on the company. Roth Capital set a $11.00 target price on Evolution Petroleum Corp and gave the stock a “buy” rating in a report on Thursday, August 10th. Zacks Investment Research raised Evolution Petroleum Corp from a “sell” rating to a “hold” rating in a report on Monday. BidaskClub cut Evolution Petroleum Corp from a “buy” rating to a “hold” rating in a report on Tuesday, July 25th. Finally, Scotiabank set a $10.00 target price on Evolution Petroleum Corp and gave the stock a “buy” rating in a report on Monday, June 5th. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $10.00.

A number of large investors have recently bought and sold shares of the stock. Prudential Financial Inc. boosted its stake in Evolution Petroleum Corp by 39.2% in the first quarter. Prudential Financial Inc. now owns 50,091 shares of the energy company’s stock worth $401,000 after buying an additional 14,100 shares in the last quarter. Oxford Asset Management acquired a new stake in Evolution Petroleum Corp during the first quarter worth approximately $606,000. Hillsdale Investment Management Inc. acquired a new stake in Evolution Petroleum Corp during the first quarter worth approximately $966,000. Bank of New York Mellon Corp boosted its stake in Evolution Petroleum Corp by 1.4% in the first quarter. Bank of New York Mellon Corp now owns 304,514 shares of the energy company’s stock worth $2,437,000 after buying an additional 4,147 shares in the last quarter. Finally, LSV Asset Management acquired a new stake in Evolution Petroleum Corp during the first quarter worth approximately $708,000.

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Shares of Evolution Petroleum Corp (NYSE:EPM) traded down 1.96% during trading on Thursday, hitting $7.50. The stock had a trading volume of 91,169 shares. Evolution Petroleum Corp has a 52 week low of $5.40 and a 52 week high of $10.20. The company has a market capitalization of $245.01 million and a PE ratio of 9.53. The firm has a 50-day moving average price of $8.07 and a 200 day moving average price of $8.00.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 15th will be issued a dividend of $0.075 per share. The ex-dividend date of this dividend is Thursday, September 14th. This is a boost from Evolution Petroleum Corp’s previous quarterly dividend of $0.07. This represents a $0.30 dividend on an annualized basis and a yield of 4.00%.

Evolution Petroleum Corp Company Profile

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.

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