As of Thursday close, Evolution Petroleum Corporation’s (AMEX:EPM) stock was down -$0.44, moving down -6.31 percent to $6.53. The average number of shares traded per day over the past five days has been 1,032,340 shares. 2 times new highs have been achieved over the past 5 days, with a -$0.39 fall in that time frame. In the last twenty days, the average volume was 850,280, while in the previous 50 days, it was 602,252.
Since last month, EPM stock retreated -30.53%. Shares of the company fell to $6.13 on 09/13/23, the lowest level in the past month. A 52-week high of $10.11 was reached on 08/04/23 after having rallying from a 52-week low of $5.39. Since the beginning of this year, EPM’s stock price has dropped by -13.51% or -$1.02, and marked a new high 15 times. However, the stock has declined by -35.41% since its 52-week high.
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Valuation Metrics
Right now, Evolution Petroleum Corporation (EPM) has a P/E ratio of about 6.17. The stock’s beta is 1.04. Besides these, the trailing price-to-sales (P/S) ratio of 1.64, the price-to-book (PB) ratio of 2.32, and the price-to-cash flow ratio of 4.76 may also be considered.
Financial Health
In the three months ended June 29, Evolution Petroleum Corporation’s quick ratio stood at 1.70, while its current ratio was 1.70, showing that the company is able to pay off its debt. On the profitability front, the trailing twelve-month gross margin is 53.70% percent. In the year ended June 29, operating margins totaled 35.20%. Based on annual data, EPM earned $45.11 million in gross profit and brought in $128.51 million in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 38.00%. Return on equity (ROE) for the past 12 months was 39.20%.
According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. EPM’s revenue fell -131.26% to $36.87 million during the quarter, while net income inched up to $18.17 million. While analysts expected Evolution Petroleum Corporation to report $0.06 quarterly earnings, the actual figure was $0 per share. During the quarter, the company generated $4.09 million in EBITDA. The liabilities of Evolution Petroleum Corporation were 36.22 million at the end of its most recent quarter ended June 29, and its total debt was $0.18 million. The value of shareholders’ equity is $33.24 million.
Technical Picture
This quick technical analysis looks at Evolution Petroleum Corporation’s (EPM) price momentum. With a historical volatility rate of 117.44%, the RSI 9-day stood at 22.24% on 21 September.
With respect to its five-day moving average, the current Evolution Petroleum Corporation price is down by -5.64% percent or -$0.39. At present, EPM shares trade -29.33% below its 20-day simple moving average and -0.91% percent below its 100-day simple moving average. However, the stock is currently trading approximately -21.23% below its SMA50 and -9.31% below its SMA200.
Stochastic coefficient K was 19.83% and Stochastic coefficient D was 23.09%, while ATR was 0.50. Given the Stochastic reading of 12.46% for the 14-day period, the RSI (14) reading has been calculated as 26.06%. As of today, the MACD Oscillator reading stands at -0.58, while the 14-day reading stands at -1.12.
Analyst Ratings
ROTH Capital upgraded its rating on Evolution Petroleum Corporation (AMEX: EPM) to a Buy in a note to investors on November 10, 2022. The analysts firm previously had a Neutral rating on the stock.Evolution Petroleum Corporation (EPM) has been rated Buy by analysts. According to 0 brokerage firms, EPM is a sell, and 0 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Evolution Petroleum Corporation stock as buy, with 2 recommending it as overweight.
With a median target price of $10.25, the current consensus forecast for the stock is $9.50 – $11.00. Based on these forecasts, analysts predict Evolution Petroleum Corporation (EPM) will achieve an average price target of $10.25.
