Zacks: Brokerages Expect Evolution Petroleum Corporation, Inc. (NASDAQ:EPM) Will Post Quarterly Sales of $10.98 Million

Equities research analysts expect Evolution Petroleum Corporation, Inc. (NASDAQ:EPM) to post sales of $10.98 million for the current fiscal quarter, according to Zacks Investment Research. Two analysts have made estimates for Evolution Petroleum’s earnings, with the highest sales estimate coming in at $11.35 million and the lowest estimate coming in at $10.60 million. Evolution Petroleum posted sales of $11.43 million in the same quarter last year, which would indicate a negative year over year growth rate of 3.9%. The company is scheduled to announce its next earnings results on Friday, September 6th.

On average, analysts expect that Evolution Petroleum will report full-year sales of $43.99 million for the current year, with estimates ranging from $43.40 million to $44.58 million. For the next financial year, analysts expect that the firm will report sales of $43.25 million, with estimates ranging from $40.50 million to $46.00 million. Zacks’ sales averages are an average based on a survey of analysts that cover Evolution Petroleum.

Evolution Petroleum (NASDAQ:EPM) last released its quarterly earnings data on Wednesday, May 8th. The company reported $0.07 earnings per share for the quarter, missing the consensus estimate of $0.08 by ($0.01). The firm had revenue of $9.50 million for the quarter, compared to the consensus estimate of $9.94 million.

EPM stock traded down $0.12 during midday trading on Friday, reaching $5.94. 3,193 shares of the company’s stock traded hands, compared to its average volume of 146,772. The firm has a fifty day simple moving average of $6.54. Evolution Petroleum has a 52 week low of $5.81 and a 52 week 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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