Evolution Petroleum Corp (EPM) Releases Earnings Results, Misses Expectations By $-0.06 EPS

Evolution Petroleum Corp (EPM) reported quarterly earnings results on Wednesday, May-4-2016. The company reported $-0.01 earnings per share for the quarter, missing the analyst consensus estimate by $-0.06. Analysts had a consensus of $0.05. The company posted revenue of $5.12 million in the period, compared to analysts expectations of $7.18 million. The company’s revenue was down -27.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.02 EPS.

Evolution Petroleum Corp closed down -0.15 points or -2.71% at $5.39 with 21,461 shares getting traded on Monday. Post opening the session at $5.49, the shares hit an intraday low of $5.34 and an intraday high of $5.49 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

In a different news, on Feb 18, 2016, David Joe (SVP & CFO) sold 17,019 shares at $4.45 per share price. According to the SEC, on Sep 23, 2015, Daryl V Mazzanti (Senior V.P. Operations) purchased 60 shares at $25.01 per share price. On Apr 1, 2015, Randall D Keys (CFO) purchased 10,000 shares at $5.94 per share price, according to the Form-4 filing with the securities and exchange commission.

Evolution Petroleum Corporation is an independent petroleum company. The Company is engaged in the acquisition exploitation and development of properties for the production of crude oil and natural gas onshore in the United States. The Company focuses on applying artificial lift technology called Gas Assisted Rod Pump (GARP) for recovering incremental oil and gas from existing wells. The Company’s projects include Delhi Field Giddings Field and Lopez Field. The Company’s mineral interests in the Delhi Holt-Bryant Unit in the Delhi Field (Unit) are located in Northeast Louisiana. The Unit is approximately 13636 acres in size. The Unit has a production totaling approximately 195 million barrels (bbls) of oil through primary and limited secondary recovery operations. The Company’s Giddings Field is located in Central Texas. The Company’s Lopez Field is located in South Texas. The Company has leases covering approximately 782 net acres in the Lopez Field in South Texas.

Evolution Petroleum Corp

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