Evolution Petroleum (NYSEAMERICAN:EPM) issued its earnings results on Wednesday. The energy company reported $0.08 EPS for the quarter, meeting the consensus estimate of $0.08, Fidelity Earnings reports. The business had revenue of $9.15 million for the quarter, compared to analysts’ expectations of $9.50 million.
Shares of NYSEAMERICAN EPM traded down $0.08 during midday trading on Friday, hitting $5.64. 154,955 shares of the stock traded hands, compared to its average volume of 143,818. Evolution Petroleum has a one year low of $5.23 and a one year high of $9.95.
Several research firms have recently weighed in on EPM. Zacks Investment Research raised Evolution Petroleum from a “sell” rating to a “hold” rating in a report on Monday, October 28th. TheStreet cut Evolution Petroleum from a “b-” rating to a “c+” rating in a report on Monday, September 30th. Finally, Northland Securities reissued a “hold” rating and set a $6.50 price target on shares of Evolution Petroleum in a report on Monday, September 16th.
Evolution Petroleum Corporation, an oil and gas company, engages in the development, production, ownership, and management of oil and gas properties in the United States. The company primarily holds interests in a CO2 enhanced oil recovery project in Louisiana's Delhi field. Its Delhi Holt-Bryant Unit covers an area of 13,636 acres located in Northeast Louisiana.
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