Wall Street await Evolution Petroleum Corp (NYSEMKT:EPM) to release earnings on September, 14. Analysts forecast earnings per share of $0.01, down exactly $0.04 or 80.00% from 2014’s $0.05 EPS. The expected EPM’s profit could reach $334,636 giving the stock 147.75 P/E in the case that $0.01 earnings per share is reported. After posting $-0.01 EPS for the previous quarter, Evolution Petroleum Corp’s analysts now forecast -200.00% EPS growth. About 29,892 shares traded hands. Evolution Petroleum Corp (NYSEMKT:EPM) has risen 24.74% since February 8, 2016 and is uptrending. It has outperformed by 8.25% the S&P500.
Out of 2 analysts covering Evolution Petroleum (NYSEMKT:EPM), 1 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 50% are positive. Evolution Petroleum has been the topic of 2 analyst reports since October 15, 2015 according to StockzIntelligence Inc. Northland Capital downgraded the stock on November 9 to “Market Perform” rating.
The institutional sentiment decreased to 0.88 in 2016 Q2. Its down 0.07, from 0.95 in 2016Q1. The ratio dived, as 6 funds sold all Evolution Petroleum Corp shares owned while 26 reduced positions. 5 funds bought stakes while 23 increased positions. They now own 23.53 million shares or 0.37% more from 23.45 million shares in 2016Q1.
Jvl Advisors L.L.C. holds 4.89% of its portfolio in Evolution Petroleum Corp for 3.89 million shares. Bard Associates Inc owns 447,475 shares or 1.3% of their US portfolio. Moreover, Wealthtrust Axiom Llc has 1.3% invested in the company for 619,277 shares. The Connecticut-based Thomson Horstmann & Bryant Inc has invested 0.74% in the stock. Nantahala Capital Management Llc, a Connecticut-based fund reported 903,282 shares.
Evolution Petroleum Corporation is an independent petroleum company. The company has a market cap of $197.77 million. The Firm is engaged in the acquisition, exploitation and development of properties for the production of natural gas and crude oil, onshore in the United States. It has a 8.12 P/E ratio. The Firm focuses on applying artificial lift technology called Gas Assisted Rod Pump for recovering incremental gas and oil from existing wells.
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