Media stories about Evolution Petroleum Corp (NYSE:EPM) have been trending somewhat positive recently, according to Accern. The research firm ranks the sentiment of news coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Evolution Petroleum Corp earned a daily sentiment score of 0.08 on Accern’s scale. Accern also assigned news headlines about the energy company an impact score of 47.1754847343166 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Evolution Petroleum Corp (EPM) opened at 7.30 on Friday. The stock’s 50 day moving average price is $7.01 and its 200 day moving average price is $7.66. The company has a market capitalization of $238.67 million and a P/E ratio of 35.44. Evolution Petroleum Corp has a 52 week low of $6.35 and a 52 week high of $10.20.
Evolution Petroleum Corp (NYSE:EPM) last released its earnings results on Wednesday, September 6th. The energy company reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by ($0.02). The business had revenue of $8.84 million during the quarter, compared to the consensus estimate of $9.52 million. Evolution Petroleum Corp had a net margin of 16.99% and a return on equity of 8.76%. The business’s revenue was up 22.1% on a year-over-year basis. During the same period in the prior year, the company earned $0.63 earnings per share. Analysts anticipate that Evolution Petroleum Corp will post $0.33 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, September 29th. Stockholders of record on Friday, September 15th were issued a $0.075 dividend. The ex-dividend date of this dividend was Thursday, September 14th. This is a positive change from Evolution Petroleum Corp’s previous quarterly dividend of $0.07. This represents a $0.30 annualized dividend and a dividend yield of 4.11%.
EPM has been the subject of a number of analyst reports. BidaskClub upgraded Evolution Petroleum Corp from a “hold” rating to a “buy” rating in a research note on Thursday, July 6th. Scotiabank set a $10.00 price target on Evolution Petroleum Corp and gave the company a “buy” rating in a research note on Saturday, July 22nd. Roth Capital set a $11.00 price target on Evolution Petroleum Corp and gave the company a “buy” rating in a research note on Thursday, August 10th. Zacks Investment Research upgraded Evolution Petroleum Corp from a “sell” rating to a “hold” rating in a research note on Monday, August 14th. Finally, Northland Securities set a $8.00 price target on Evolution Petroleum Corp and gave the company a “hold” rating in a research note on Monday, August 28th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $9.67.
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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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