Evolution Petroleum Corporation, an oil and natural gas company, engages in the development, production, ownership, and management of oil and gas properties in the United States. The company 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. The company also holds interests in the Hamilton Dome field covering 5,908 acres located in Wyoming; and Barnett Shale field covering an area of 123,777 acres located in North Texas. Evolution Petroleum Corporation was founded in 2003 and is based in Houston, Texas.
IPO Year:
Exchange: AMEX
Website: evolutionpetroleum.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 11/10/2022 | Neutral → Buy | ROTH Capital | |
| 7/12/2022 | $8.60 | Outperform | Northland Capital |
| 7/6/2022 | $9.50 | Buy → Neutral | ROTH Capital |
| 10/5/2021 | $6.00 → $7.80 | Buy | Roth Capital |
4 - EVOLUTION PETROLEUM CORP (0001006655) (Issuer)
4 - EVOLUTION PETROLEUM CORP (0001006655) (Issuer)
4 - EVOLUTION PETROLEUM CORP (0001006655) (Issuer)
4 - EVOLUTION PETROLEUM CORP (0001006655) (Issuer)
4 - EVOLUTION PETROLEUM CORP (0001006655) (Issuer)
4 - EVOLUTION PETROLEUM CORP (0001006655) (Issuer)
4 - EVOLUTION PETROLEUM CORP (0001006655) (Issuer)
4 - EVOLUTION PETROLEUM CORP (0001006655) (Issuer)
4 - EVOLUTION PETROLEUM CORP (0001006655) (Issuer)
4 - EVOLUTION PETROLEUM CORP (0001006655) (Issuer)
10-Q - EVOLUTION PETROLEUM CORP (0001006655) (Filer)
8-K - EVOLUTION PETROLEUM CORP (0001006655) (Filer)
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8-K - EVOLUTION PETROLEUM CORP (0001006655) (Filer)
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10-K - EVOLUTION PETROLEUM CORP (0001006655) (Filer)
8-K - EVOLUTION PETROLEUM CORP (0001006655) (Filer)
10-Q - EVOLUTION PETROLEUM CORP (0001006655) (Filer)
8-K - EVOLUTION PETROLEUM CORP (0001006655) (Filer)
8-K/A - EVOLUTION PETROLEUM CORP (0001006655) (Filer)
– Fiscal Q1 Revenues Up 6% Y/Y to $21.9 Million, Driven by Record Oil Production – – Fiscal Q1 Net Income Increases to $2.1 Million; Adjusted EBITDA up 21% Y/Y to $8.1 Million – HOUSTON, Nov. 12, 2024 (GLOBE NEWSWIRE) -- Evolution Petroleum Corporation (NYSE:EPM) ("Evolution" or the "Company") today announced its financial and operating results for its fiscal first quarter ended September 30, 2024. Evolution also declared its 45th consecutive quarterly cash dividend of $0.12 per common share for the fiscal 2025 second quarter. Financial & Operational Highlights ($ in thousands)Q1 2025 Q1 2024 Q4 2024 % Change vs Q1/Q1 % Change vs Q1/Q4Average BOEPD 7,478 6,457 7,209 16% 4%Revenue
HOUSTON, Oct. 29, 2024 (GLOBE NEWSWIRE) -- Evolution Petroleum Corporation (NYSE:EPM) ("Evolution" or the "Company") today announced that it plans to release its fiscal first quarter 2025 financial and operating results on Tuesday, November 12, 2024, after the market closes. Additionally, Kelly Loyd, President and Chief Executive Officer, Ryan Stash, Senior Vice President, Chief Financial Officer, and Treasurer, and Mark Bunch, Chief Operating Officer, will review the results on a conference call at 10:00 a.m. Central Time on Wednesday, November 13, 2024. Conference Call and Webcast Details Date: Wednesday, November 13, 2024Time: 10:00 a.m. Central TimeDial-In: (844) 481-2813Internationa
- Fiscal Q4 Revenues Up 17% Y/Y to $21.2 Million - - Fiscal Q4 Net Income Increases to $1.2 Million; Adjusted EBITDA up 72% Y/Y to $8.0 Million - HOUSTON, Sept. 10, 2024 (GLOBE NEWSWIRE) -- Evolution Petroleum Corporation (NYSE:EPM) ("Evolution" or the "Company") today announced its financial and operating results for its fiscal fourth quarter and full year ended June 30, 2024. Evolution also declared a quarterly cash dividend of $0.12 per common share for the fiscal 2025 first quarter. Financial & Operational Highlights ($ in thousands) Q4 2024Q4 2023Q3 2024% ChangeQ4/Q4% ChangeQ4/Q3Average BOEPD7,209 6,484 7,20911%—%Revenues$21,227 $18,174 $23,02517%(8)%Net Income$1,235 $166 $289644%3
HOUSTON, Aug. 29, 2024 (GLOBE NEWSWIRE) -- Evolution Petroleum Corporation (NYSE:EPM) ("Evolution" or the "Company") today announced that it plans to release its fourth quarter and fiscal year-end 2024 financial and operating results on Tuesday, September 10, 2024, after the market closes. Additionally, Kelly Loyd, President and Chief Executive Officer, Ryan Stash, Senior Vice President, Chief Financial Officer, and Treasurer, and Mark Bunch, Chief Operating Officer, will review the results on a conference call at 10:00 a.m. Central Time on Wednesday, September 11, 2024. Conference Call and Webcast Details Date: Wednesday, September 11, 2024Time: 10:00 a.m. Central TimeDial-In: (844) 481
HOUSTON, May 07, 2024 (GLOBE NEWSWIRE) -- Evolution Petroleum Corporation (NYSE:EPM) ("Evolution" or the "Company") today announced its financial and operating results for its fiscal third quarter ended March 31, 2024 ("fiscal Q3" or the "current quarter"). Evolution also declared a quarterly cash dividend of $0.12 per common share for the fiscal 2024 fourth quarter. Key Highlights Closed previously announced SCOOP/STACK acquisitions in February, adding production of ~1,550 barrels of oil equivalent per day ("BOEPD") on a pro forma basis if the acquisitions had closed at the beginning of the current quarter, and increasing average production for the quarter by ~835 BOEPD.SCOOP/STACK acqu
HOUSTON, April 23, 2024 (GLOBE NEWSWIRE) -- Evolution Petroleum Corporation (NYSE:EPM) ("Evolution" or the "Company") today announced that it plans to release its fiscal third quarter 2024 financial and operating results on Tuesday, May 7, 2024, after the market closes. Additionally, Kelly Loyd, President and Chief Executive Officer, Ryan Stash, Senior Vice President, Chief Financial Officer, and Treasurer, and Mark Bunch, Chief Operating Officer, will review the results on a conference call at 10:00 a.m. Central Time on Wednesday, May 8, 2024. Conference Call and Webcast Details:Date: Wednesday, May 8, 2024Time: 10:00 a.m. Central TimeDial-In: (844) 481-2813International Dial-In: (412)
HOUSTON, Feb. 06, 2024 (GLOBE NEWSWIRE) -- Evolution Petroleum Corporation (NYSE:EPM) ("Evolution" or the "Company") today announced its financial and operating results for its fiscal second quarter ended December 31, 2023 ("Fiscal Q2" or the "current quarter"). Evolution also declared a quarterly cash dividend of $0.12 per common share for the fiscal 2024 third quarter. Key Highlights Announced the agreement to acquire non-operated oil and natural gas assets in the SCOOP/STACK plays in Oklahoma. Acquisitions expected to close in early February 2024 with effective date of November 1, 2023.Production of ~1,550 barrels of oil equivalent per day ("BOEPD") as of effective date.21 DUC's (com
HOUSTON, Jan. 31, 2024 (GLOBE NEWSWIRE) -- Evolution Petroleum Corporation (NYSE:EPM) ("Evolution" or the "Company") today announced that it plans to release its fiscal second quarter 2024 financial and operating results on Tuesday, February 6, 2024, after the market closes. Additionally, Kelly Loyd, President and Chief Executive Officer, Ryan Stash, Senior Vice President, Chief Financial Officer, and Treasurer, Mark Bunch, Chief Operating Officer, and Kelly Beatty, Chief Accounting Officer, will review the results on a conference call at 10:00 a.m. Central Time on Wednesday, February 7, 2024. Conference Call and Webcast Details:Date: Wednesday, February 7, 2024Time: 10:00 a.m. Central Ti
HOUSTON, Jan. 09, 2024 (GLOBE NEWSWIRE) -- Evolution Petroleum Corporation (NYSE:EPM) ("Evolution" or the "Company") announced today that it has entered into definitive agreements to acquire non-operated oil and natural gas assets in the SCOOP and STACK plays in central Oklahoma (the "Acquisitions") from Red Sky Resources III, LLC, Red Sky Resources IV, LLC, and Coriolis Energy Partners I, LLC. The combined purchase price of the Acquisitions is $43.5 million in cash, subject to customary closing adjustments, with an effective date of November 1, 2023, and an expected closing date in mid-February during the Company's third quarter of fiscal 2024. Evolution expects to fund the acquisition wi
HOUSTON, Nov. 07, 2023 (GLOBE NEWSWIRE) -- Evolution Petroleum Corporation (NYSE:EPM) ("Evolution" or the "Company") today announced its financial and operating results for its fiscal first quarter ended September 30, 2023 ("Fiscal Q1" or the "current quarter"). Evolution also declared a quarterly cash dividend of $0.12 per common share for the fiscal 2024 second quarter. Key Highlights Entered into a participation agreement with PEDEVCO Corp. ("PEDEVCO") to jointly develop horizontal wells in the Chaveroo oilfield in the Permian Basin in New Mexico. Spudded the first two wells of a three well pad after the end of the current quarter. Reported sequential growth in revenue of 13% to $20.
HOUSTON, TX / ACCESSWIRE / February 23, 2023 / Evolution Petroleum (NYSE:EPM) ("Evolution" or the "Company") today announced that the Board of Directors has appointed J. Mark Bunch as Chief Operating Officer, a newly created position intended to broaden the Company's management team and support their ongoing efforts focused on enhancing near- and long-term value for shareholders.Kelly Loyd, President and Chief Executive Officer of the Company, stated "We are thrilled to welcome Mark to the Evolution team. His extensive operational and managerial experience as well as vast relationships in the energy industry make him a highly valuable addition to the management team. In this new role, Mark,
HOUSTON, TX / ACCESSWIRE / September 12, 2022 / Evolution Petroleum Corporation (NYSE:EPM) ("Evolution" or the "Company") today announced the appointment of Myra Coleman Bierria to the Company's Board of Directors (the "Board"), effective September 8, 2022.Ms. Bierria is an experienced attorney in the areas of corporate governance, securities law, and management of public company board of directors' matters. She was appointed in 2016 and currently serves as the Vice President and Corporate Secretary for Southern Company, a holding company for electric operating companies in three states and natural gas distribution companies in four states, mainly in the southern United States. Ms. Bierria w
HOUSTON, TX / ACCESSWIRE / March 2, 2021 / Evolution Petroleum Corporation (NYSE American:EPM) ("Evolution" or the "Company") today announced the appointment of Marjorie Hargrave to the Company's Board of Directors (the "Board"), effective March 1, 2021. Ms. Hargrave will serve as Chairman of the Audit Committee of the Board. Ms. Hargrave is an experienced executive with a background in financial management, strategic planning, M&A, risk management and investment banking. She currently serves as President and CFO of Enservco, a diversified national provider of specialized well-site services to the domestic onshore oil and gas industry. She is the former CFO of CTAP, a provider of tubing and
ROTH Capital upgraded Evolution Petroleum from Neutral to Buy
Northland Capital initiated coverage of Evolution Petroleum with a rating of Outperform and set a new price target of $8.60
ROTH Capital downgraded Evolution Petroleum from Buy to Neutral and set a new price target of $9.50
Roth Capital reiterated coverage of Evolution Petroleum with a rating of Buy and set a new price target of $7.80 from $6.00 previously
Roth Capital reiterated coverage of Evolution Petroleum with a rating of Buy and set a new price target of $6.00 from $5.50 previously
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HOUSTON, Nov. 18, 2024 (GLOBE NEWSWIRE) -- Evolution Petroleum Corporation (NYSE:EPM) ("Evolution" or the "Company") today announced its participation in an upcoming fireside chat with Water Tower Research ("WTR") on November 20, 2024, at 10:00 AM CT. As part of WTR's ongoing Fireside Chat Series, Jeff Robertson, Managing Director at WTR, will lead an in-depth conversation with Evolution's President and CEO, Kelly Loyd, Senior Vice President, CFO, and Treasurer, Ryan Stash, and COO, Mark Bunch, to discuss how Evolution's rebalanced asset portfolio provides greater capital allocation options and supports the Company's long-term dividend policy. Topics will include Evolution's capital alloc
– Fiscal Q1 Revenues Up 6% Y/Y to $21.9 Million, Driven by Record Oil Production – – Fiscal Q1 Net Income Increases to $2.1 Million; Adjusted EBITDA up 21% Y/Y to $8.1 Million – HOUSTON, Nov. 12, 2024 (GLOBE NEWSWIRE) -- Evolution Petroleum Corporation (NYSE:EPM) ("Evolution" or the "Company") today announced its financial and operating results for its fiscal first quarter ended September 30, 2024. Evolution also declared its 45th consecutive quarterly cash dividend of $0.12 per common share for the fiscal 2025 second quarter. Financial & Operational Highlights ($ in thousands)Q1 2025 Q1 2024 Q4 2024 % Change vs Q1/Q1 % Change vs Q1/Q4Average BOEPD 7,478 6,457 7,209 16% 4%Revenue
HOUSTON, Oct. 29, 2024 (GLOBE NEWSWIRE) -- Evolution Petroleum Corporation (NYSE:EPM) ("Evolution" or the "Company") today announced that it plans to release its fiscal first quarter 2025 financial and operating results on Tuesday, November 12, 2024, after the market closes. Additionally, Kelly Loyd, President and Chief Executive Officer, Ryan Stash, Senior Vice President, Chief Financial Officer, and Treasurer, and Mark Bunch, Chief Operating Officer, will review the results on a conference call at 10:00 a.m. Central Time on Wednesday, November 13, 2024. Conference Call and Webcast Details Date: Wednesday, November 13, 2024Time: 10:00 a.m. Central TimeDial-In: (844) 481-2813Internationa
- Fiscal Q4 Revenues Up 17% Y/Y to $21.2 Million - - Fiscal Q4 Net Income Increases to $1.2 Million; Adjusted EBITDA up 72% Y/Y to $8.0 Million - HOUSTON, Sept. 10, 2024 (GLOBE NEWSWIRE) -- Evolution Petroleum Corporation (NYSE:EPM) ("Evolution" or the "Company") today announced its financial and operating results for its fiscal fourth quarter and full year ended June 30, 2024. Evolution also declared a quarterly cash dividend of $0.12 per common share for the fiscal 2025 first quarter. Financial & Operational Highlights ($ in thousands) Q4 2024Q4 2023Q3 2024% ChangeQ4/Q4% ChangeQ4/Q3Average BOEPD7,209 6,484 7,20911%—%Revenues$21,227 $18,174 $23,02517%(8)%Net Income$1,235 $166 $289644%3
HOUSTON, Aug. 29, 2024 (GLOBE NEWSWIRE) -- Evolution Petroleum Corporation (NYSE:EPM) ("Evolution" or the "Company") today announced that it plans to release its fourth quarter and fiscal year-end 2024 financial and operating results on Tuesday, September 10, 2024, after the market closes. Additionally, Kelly Loyd, President and Chief Executive Officer, Ryan Stash, Senior Vice President, Chief Financial Officer, and Treasurer, and Mark Bunch, Chief Operating Officer, will review the results on a conference call at 10:00 a.m. Central Time on Wednesday, September 11, 2024. Conference Call and Webcast Details Date: Wednesday, September 11, 2024Time: 10:00 a.m. Central TimeDial-In: (844) 481
HOUSTON, May 07, 2024 (GLOBE NEWSWIRE) -- Evolution Petroleum Corporation (NYSE:EPM) ("Evolution" or the "Company") today announced its financial and operating results for its fiscal third quarter ended March 31, 2024 ("fiscal Q3" or the "current quarter"). Evolution also declared a quarterly cash dividend of $0.12 per common share for the fiscal 2024 fourth quarter. Key Highlights Closed previously announced SCOOP/STACK acquisitions in February, adding production of ~1,550 barrels of oil equivalent per day ("BOEPD") on a pro forma basis if the acquisitions had closed at the beginning of the current quarter, and increasing average production for the quarter by ~835 BOEPD.SCOOP/STACK acqu
HOUSTON, April 23, 2024 (GLOBE NEWSWIRE) -- Evolution Petroleum Corporation (NYSE:EPM) ("Evolution" or the "Company") today announced that it plans to release its fiscal third quarter 2024 financial and operating results on Tuesday, May 7, 2024, after the market closes. Additionally, Kelly Loyd, President and Chief Executive Officer, Ryan Stash, Senior Vice President, Chief Financial Officer, and Treasurer, and Mark Bunch, Chief Operating Officer, will review the results on a conference call at 10:00 a.m. Central Time on Wednesday, May 8, 2024. Conference Call and Webcast Details:Date: Wednesday, May 8, 2024Time: 10:00 a.m. Central TimeDial-In: (844) 481-2813International Dial-In: (412)
HOUSTON, March 07, 2024 (GLOBE NEWSWIRE) -- Evolution Petroleum Corporation (NYSE:EPM) ("Evolution" or the "Company") announced today that the Company is scheduled to participate in a fireside chat with Water Tower Research on March 20, 2024, at 1:00 PM Central Time. Kelly Loyd, President and Chief Executive Officer, Ryan Stash, Senior Vice President and Chief Financial Officer, and Mark Bunch, Chief Operating Officer, will discuss capital allocation optionality provided by organic development opportunities, the results to date of the Permian horizontal development program in the Chaveroo oilfield in the San Andres formation, the current state of the integration and development activities
HOUSTON, Feb. 06, 2024 (GLOBE NEWSWIRE) -- Evolution Petroleum Corporation (NYSE:EPM) ("Evolution" or the "Company") today announced its financial and operating results for its fiscal second quarter ended December 31, 2023 ("Fiscal Q2" or the "current quarter"). Evolution also declared a quarterly cash dividend of $0.12 per common share for the fiscal 2024 third quarter. Key Highlights Announced the agreement to acquire non-operated oil and natural gas assets in the SCOOP/STACK plays in Oklahoma. Acquisitions expected to close in early February 2024 with effective date of November 1, 2023.Production of ~1,550 barrels of oil equivalent per day ("BOEPD") as of effective date.21 DUC's (com
HOUSTON, Jan. 31, 2024 (GLOBE NEWSWIRE) -- Evolution Petroleum Corporation (NYSE:EPM) ("Evolution" or the "Company") today announced that it plans to release its fiscal second quarter 2024 financial and operating results on Tuesday, February 6, 2024, after the market closes. Additionally, Kelly Loyd, President and Chief Executive Officer, Ryan Stash, Senior Vice President, Chief Financial Officer, and Treasurer, Mark Bunch, Chief Operating Officer, and Kelly Beatty, Chief Accounting Officer, will review the results on a conference call at 10:00 a.m. Central Time on Wednesday, February 7, 2024. Conference Call and Webcast Details:Date: Wednesday, February 7, 2024Time: 10:00 a.m. Central Ti
Evolution Petroleum (AMEX:EPM) reported quarterly earnings of $0.03 per share which met the analyst consensus estimate. This is a 92.86 percent decrease over earnings of $0.42 per share from the same period last year. The company reported quarterly sales of $23.025 million which beat the analyst consensus estimate of $22.381 million by 2.88 percent. This is a 37.55 percent decrease over sales of $36.867 million the same period last year.
Roth MKM analyst John White maintains Evolution Petroleum (AMEX:EPM) with a Buy and maintains $8.25 price target.
Evolution Petroleum (AMEX:EPM) reported its Q2 earnings results on Tuesday, February 6, 2024 at 04:10 PM. Here's what investors need to know about the announcement. Earnings Evolution Petroleum missed estimated earnings by 66.67%, reporting an EPS of $0.03 versus an estimate of $0.09. Revenue was down $12.65 million from the same period last year. Past Earnings Performance Last quarter the company missed on EPS by $0.03 which was followed by a 5.65% drop in the share price the next day. Here's a look at Evolution Petroleum's past performance: Quarter Q1 2024 Q4 2023 Q3 2023 Q2 2023 EPS Estimate 0.07 0.06 0.16 0.25 EPS Actual 0.04 0 0.42 0.28 Revenue Estimate 21.58M 21.64M 28.68M 3
Evolution Petroleum (AMEX:EPM) reported quarterly earnings of $0.03 per share which missed the analyst consensus estimate of $0.09 by 66.67 percent. This is a 89.29 percent decrease over earnings of $0.28 per share from the same period last year. The company reported quarterly sales of $21.02 million which missed the analyst consensus estimate of $22.77 million by 7.67 percent. This is a 37.57 percent decrease over sales of $33.68 million the same period last year.
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Evolution Petroleum Corporation (NYSE:EPM) ("Evolution" or the "Company") announced today that it has entered into definitive agreements to acquire non-operated oil and natural gas assets in the SCOOP and STACK plays in central Oklahoma (the "Acquisitions") from Red Sky Resources III, LLC, Red Sky Resources IV, LLC, and Coriolis Energy Partners I, LLC. The combined purchase price of the Acquisitions is $43.5 million in cash, subject to customary closing adjustments, with an effective date of November 1, 2023, and an expected closing date in mid-February during the Company's third quarter of fiscal 2024. Evolution expects to fund the acquisition with cash on hand and borrowings from EPM's rev
Evolution Petroleum (AMEX:EPM) reported quarterly earnings of $0.04 per share which missed the analyst consensus estimate of $0.07 by 42.86 percent. This is a 87.5 percent decrease over earnings of $0.32 per share from the same period last year. The company reported quarterly sales of $20.60 million which missed the analyst consensus estimate of $21.58 million by 4.54 percent. This is a 48.23 percent decrease over sales of $39.80 million the same period last year.
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Overbought Oil In yesterday's post ("10 Things You Need To Know About The Oil Rally"), The Market Ear pointed out that oil's RSI (Relative Strength Index) indicated the commodity was a bit overbought: Let's start with a simplistic price momentum observation. Oil RSI is getting rather extreme, but as regular readers of TME know, overbought can stay overbought for longer than most think possible... TME included the chart below, which showed that oil's RSI was just over 79. Recall that RSI (Relative Strength Index) is a technical measure of whether a security or commodity is overbought or oversold, and values above 70 are often considered overbought, while values below 30 are often consi
Wednesday marks the last chance for investors to receive the next dividend payout from Evolution Petroleum (AMEX:EPM). What's Happening The company announced on Monday that it would pay shareholders a quarterly dividend of 12 cents per share. On Thursday, Evolution Petroleum will go ex-dividend, meaning the stock will trade lower to reflect that payout. In other words, the stock will likely open 12 cents lower than it would have opened on any other day. In order to be eligible to receive a company's dividend, shareholders must own the stock prior to the ex-dividend date—in this case, Thursday. Shareholders who own EPM as of the end of Wednesday's session are eligible to receive the 12 cent