$9.20 Million in Sales Expected for Evolution Petroleum Corporation, Inc. (EPM) This Quarter

Wall Street analysts expect that Evolution Petroleum Corporation, Inc. (NASDAQ:EPM) will announce $9.20 million in sales for the current fiscal quarter, Zacks Investment Research reports. Two analysts have made estimates for Evolution Petroleum’s earnings. Evolution Petroleum reported sales of $10.25 million in the same quarter last year, which would suggest a negative year-over-year growth rate of 10.2%. The firm is scheduled to report its next quarterly earnings report on Wednesday, May 8th.

On average, analysts expect that Evolution Petroleum will report full-year sales of $42.05 million for the current fiscal year, with estimates ranging from $41.80 million to $42.30 million. For the next financial year, analysts forecast that the business will post sales of $40.95 million, with estimates ranging from $40.50 million to $41.40 million. Zacks’ sales calculations are a mean average based on a survey of sell-side analysts that follow Evolution Petroleum.

Evolution Petroleum (NASDAQ:EPM) last posted its quarterly earnings data on Wednesday, February 6th. The company reported $0.12 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.14 by ($0.02). The business had revenue of $11.05 million during the quarter, compared to analyst estimates of $12.70 million.

Several research analysts have weighed in on the company. BidaskClub raised Evolution Petroleum from a “strong sell” rating to a “sell” rating in a research report on Friday, February 15th. Roth Capital raised Evolution Petroleum from a “neutral” rating to a “buy” rating in a research report on Monday, February 11th.

EPM stock traded up $0.06 during midday trading on Wednesday, hitting $6.85. The company’s stock had a trading volume of 71,000 shares, compared to its average volume of 166,607. Evolution Petroleum has a 1 year low of $6.17 and a 1 year high of $12.83.

Evolution Petroleum Company Profile

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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