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Evolution Petroleum (EPM) Stock Sinks As Market Gains: What You Should Know
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Evolution Petroleum (EPM - Free Report) closed at $6.52 in the latest trading session, marking a -1.95% move from the prior day. This change lagged the S&P 500's 0.66% gain on the day. Elsewhere, the Dow gained 0.61%, while the tech-heavy Nasdaq lost 0.02%.
Heading into today, shares of the oil and gas company had gained 1.68% over the past month, lagging the Oils-Energy sector's gain of 4.6% and outpacing the S&P 500's loss of 3.79% in that time.
Evolution Petroleum will be looking to display strength as it nears its next earnings release, which is expected to be September 13, 2022. The company is expected to report EPS of $0.41, up 485.71% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $38.18 million, up 178.69% from the year-ago period.
Investors should also note any recent changes to analyst estimates for Evolution Petroleum. These revisions typically reflect the latest short-term business trends, which can change frequently. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. Evolution Petroleum currently has a Zacks Rank of #3 (Hold).
Investors should also note Evolution Petroleum's current valuation metrics, including its Forward P/E ratio of 4.68. For comparison, its industry has an average Forward P/E of 4.98, which means Evolution Petroleum is trading at a discount to the group.
The Oil and Gas - Exploration and Production - United States industry is part of the Oils-Energy sector. This industry currently has a Zacks Industry Rank of 66, which puts it in the top 27% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
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Evolution Petroleum (EPM) Stock Sinks As Market Gains: What You Should Know
Evolution Petroleum (EPM - Free Report) closed at $6.52 in the latest trading session, marking a -1.95% move from the prior day. This change lagged the S&P 500's 0.66% gain on the day. Elsewhere, the Dow gained 0.61%, while the tech-heavy Nasdaq lost 0.02%.
Heading into today, shares of the oil and gas company had gained 1.68% over the past month, lagging the Oils-Energy sector's gain of 4.6% and outpacing the S&P 500's loss of 3.79% in that time.
Evolution Petroleum will be looking to display strength as it nears its next earnings release, which is expected to be September 13, 2022. The company is expected to report EPS of $0.41, up 485.71% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $38.18 million, up 178.69% from the year-ago period.
Investors should also note any recent changes to analyst estimates for Evolution Petroleum. These revisions typically reflect the latest short-term business trends, which can change frequently. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. Evolution Petroleum currently has a Zacks Rank of #3 (Hold).
Investors should also note Evolution Petroleum's current valuation metrics, including its Forward P/E ratio of 4.68. For comparison, its industry has an average Forward P/E of 4.98, which means Evolution Petroleum is trading at a discount to the group.
The Oil and Gas - Exploration and Production - United States industry is part of the Oils-Energy sector. This industry currently has a Zacks Industry Rank of 66, which puts it in the top 27% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.