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Evolution Petroleum (EPM) Gains But Lags Market: What You Should Know
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Evolution Petroleum (EPM - Free Report) closed at $7.97 in the latest trading session, marking a +0.89% move from the prior day. The stock lagged the S&P 500's daily gain of 2.37%. Meanwhile, the Dow gained 2.47%, and the Nasdaq, a tech-heavy index, lost 0.02%.
Prior to today's trading, shares of the oil and gas company had gained 2.6% over the past month. This has lagged the Oils-Energy sector's gain of 4.35% and outpaced the S&P 500's loss of 4.82% in that time.
Evolution Petroleum will be looking to display strength as it nears its next earnings release. On that day, Evolution Petroleum is projected to report earnings of $0.38 per share, which would represent year-over-year growth of 137.5%. Our most recent consensus estimate is calling for quarterly revenue of $37.13 million, up 96.64% from the year-ago period.
EPM's full-year Zacks Consensus Estimates are calling for earnings of $1.37 per share and revenue of $140.23 million. These results would represent year-over-year changes of +42.71% and +28.74%, respectively.
Investors should also note any recent changes to analyst estimates for Evolution Petroleum. These recent revisions tend to reflect the evolving nature of short-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. 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.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. Evolution Petroleum currently has a Zacks Rank of #2 (Buy).
Digging into valuation, Evolution Petroleum currently has a Forward P/E ratio of 5.77. This represents a premium compared to its industry's average Forward P/E of 5.4.
The Oil and Gas - Exploration and Production - United States industry is part of the Oils-Energy sector. This group has a Zacks Industry Rank of 40, putting it in the top 16% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our 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) Gains But Lags Market: What You Should Know
Evolution Petroleum (EPM - Free Report) closed at $7.97 in the latest trading session, marking a +0.89% move from the prior day. The stock lagged the S&P 500's daily gain of 2.37%. Meanwhile, the Dow gained 2.47%, and the Nasdaq, a tech-heavy index, lost 0.02%.
Prior to today's trading, shares of the oil and gas company had gained 2.6% over the past month. This has lagged the Oils-Energy sector's gain of 4.35% and outpaced the S&P 500's loss of 4.82% in that time.
Evolution Petroleum will be looking to display strength as it nears its next earnings release. On that day, Evolution Petroleum is projected to report earnings of $0.38 per share, which would represent year-over-year growth of 137.5%. Our most recent consensus estimate is calling for quarterly revenue of $37.13 million, up 96.64% from the year-ago period.
EPM's full-year Zacks Consensus Estimates are calling for earnings of $1.37 per share and revenue of $140.23 million. These results would represent year-over-year changes of +42.71% and +28.74%, respectively.
Investors should also note any recent changes to analyst estimates for Evolution Petroleum. These recent revisions tend to reflect the evolving nature of short-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. 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.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. Evolution Petroleum currently has a Zacks Rank of #2 (Buy).
Digging into valuation, Evolution Petroleum currently has a Forward P/E ratio of 5.77. This represents a premium compared to its industry's average Forward P/E of 5.4.
The Oil and Gas - Exploration and Production - United States industry is part of the Oils-Energy sector. This group has a Zacks Industry Rank of 40, putting it in the top 16% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our 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.