Evolution Petroleum (EPM) Stock Falls Amid Market Uptick: What Investors Need to Know
The most recent trading session ended with Evolution Petroleum (EPM) standing at $5.93, reflecting a -0.17% shift from the previouse trading day's closing. This move lagged the S&P 500's daily gain of 0.27%. Elsewhere, the Dow gained 0.43%, while the tech-heavy Nasdaq added 0.19%.
The the stock of oil and gas company has risen by 1.19% in the past month, leading the Oils-Energy sector's loss of 1.25% and undershooting the S&P 500's gain of 6.94%.
Analysts and investors alike will be keeping a close eye on the performance of Evolution Petroleum in its upcoming earnings disclosure. The company is predicted to post an EPS of $0.12, indicating a 58.62% decline compared to the equivalent quarter last year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $23.54 million, down 30.12% from the year-ago period.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $0.42 per share and revenue of $92.65 million. These totals would mark changes of -58.42% and -27.91%, respectively, from last year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Evolution Petroleum. These recent revisions tend to reflect the evolving nature of short-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the company's business performance and profit potential.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the past month, the Zacks Consensus EPS estimate has moved 28.45% lower. Currently, Evolution Petroleum is carrying a Zacks Rank of #3 (Hold).
In terms of valuation, Evolution Petroleum is currently trading at a Forward P/E ratio of 14.31. This denotes a premium relative to the industry's average Forward P/E of 8.33.
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 164, putting it in the bottom 35% of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.
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Evolution Petroleum Corporation, Inc. (EPM) : Free Stock Analysis Report
