Evolution Petroleum Corporation, Inc. (AMEX:EPM) is reporting first quarter financial results on Thursday 5th November 2020, after market close.
According to analysts surveyed by Thomson Reuters, EPM is expected to report 1Q21 loss of $ 0.01 per share from revenue of $ 5.54 million.
For the full year, analysts anticipate top line of $ 24.63 million, while looking forward to income of $ 0.03 per share bottom line.
Previous Quarter Performance
Evolution Petroleum Corporation, Inc. announced loss for the fourth quarter of $ 0.03 per share, from the revenue of $ 3.35 million. The quarterly revenues down 67.70 percent compared with the same quarter last year. Street analysts expected Evolution Petroleum Corporation, Inc. to report loss of $ 0.02 per share on revenue of $ 4.49 million for the fourth quarter. The bottom line results missed street analysts by $ 0.01 or 50 percent, at the same time, top line results fell short of analysts by $ 1.14 million or 25.39 percent.
Stock Performance
Shares of Evolution Petroleum Corporation, Inc. traded low $ -0.02 or -0.91 percent on Wednesday, reaching $ 2.19 with volume of 42.90 thousand shares. Evolution Petroleum Corporation, Inc. has traded high as $ 2.24 and has cracked $ 2.17 on the downward trend
The closing price of $ 2.19, representing a 4.25 % increase from the 52 week low of $ 2.12 and a 62.86 % decrease over the 52 week high of $ 5.95.
The company has a market capital of $ 72.17 million and is part of the Energy sector and Oil & Gas E&P industry.
Recent Stock Dividend Announcement
The board of directors has authorized quarterly dividend of $ 0.025 per share on August 18, 2020. The dividend were payable on September 30, 2020 to holders of record as of the close of business on September 15, 2020 and ex-dividend date on September 14, 2020.
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 Louisianas Delhi field. Its Delhi Holt-Bryant Unit covers an area of 13,636 acres located in Northeast Louisiana.
