Evolution Petroleum Corporation, Inc. (EPM) Expected to Post Quarterly Sales of $9.20 Million

Analysts predict that Evolution Petroleum Corporation, Inc. (NASDAQ:EPM) will announce $9.20 million in sales for the current quarter, according to Zacks. Two analysts have issued estimates for Evolution Petroleum’s earnings. Evolution Petroleum posted sales of $10.25 million during the same quarter last year, which would indicate a negative year-over-year growth rate of 10.2%. The business is scheduled to announce its next quarterly earnings report on Wednesday, May 8th.

According to Zacks, analysts expect that Evolution Petroleum will report full year sales of $42.05 million for the current financial year, with estimates ranging from $41.80 million to $42.30 million. For the next fiscal year, analysts anticipate that the company will report sales of $40.95 million, with estimates ranging from $40.50 million to $41.40 million. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that follow Evolution Petroleum.

Evolution Petroleum (NASDAQ:EPM) last issued its quarterly earnings results on Wednesday, February 6th. The company reported $0.12 EPS for the quarter, missing the consensus estimate of $0.14 by ($0.02). The firm had revenue of $11.05 million for the quarter, compared to analyst estimates of $12.70 million.

Several equities research analysts recently weighed in on EPM shares. Roth Capital upgraded shares of Evolution Petroleum from a “neutral” rating to a “buy” rating in a research note on Monday, February 11th. BidaskClub upgraded shares of Evolution Petroleum from a “strong sell” rating to a “sell” rating in a research note on Friday, February 15th.

EPM traded up $0.04 on Wednesday, hitting $6.79. 74,850 shares of the company’s stock were exchanged, compared to its average volume of 167,954. Evolution Petroleum has a twelve month low of $6.17 and a twelve month high of $12.83.

About Evolution Petroleum

Evolution Petroleum Corporation, an independent oil and gas company, engages in the acquisition, exploitation, and development of properties for the production of crude oil and natural gas, onshore in the United States. The company's principal assets include interests in a CO2 enhanced oil recovery project and the natural gas liquids recovery plant in the Delhi field Louisiana.

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