EPM Stock Recent News

Penny stocks often carry a notorious reputation in the investment world, infamous for their volatile nature and high-risk profile. However, while they are undeniably dangerous, thorough research can occasionally unearth gems that are genuinely intriguing from a speculative standpoint.

HOUSTON, Sept. 18, 2023 (GLOBE NEWSWIRE) -- Evolution Petroleum Corporation (NYSE American: EPM) ("Evolution" or the "Company") announced today that Kelly Loyd, President and Chief Executive Officer, Ryan Stash, Chief Financial Officer, and Mark Bunch, Chief Operating Officer, will participate in the virtual Northland Capital Markets Institutional Investor Conference on September 19, 2023. An updated investor presentation to be used for the conference is available on the "Investors" section of Evolution's website at www.ir.evolutionpetroleum.com.

Evolution Petroleum's fiscal Q4 results were not good, hurt by lower energy prices and volume declines due to field downtimes. The drop in the stock, however, is backward-looking and doesn't take into account the current rebound in energy prices. The author is upgrading the stock as the sell-off is overdone and does reflect the current natural gas price rebound taking place.

Evolution did not evolve in its fourth quarter; it posted notable drops in both revenue and profitability. Those figures also came in well below consensus-analyst estimates.

Evolution Petroleum Corporation (NYSE:EPM ) Q4 2023 Earnings Conference Call September 13, 2023 2:00 PM ET Company Participants Brandi Hudson - IR Manager Kelly Loyd - CEO and President Mark Bunch - COO Ryan Stash - SVP and CFO Conference Call Participants John White - ROTH MKM Partners Donovan Schafer - Northland Capital Markets Jeff Robertson - Water Tower Research David Locke - Old Mammoth Investments Bruce Brown - Brown Capital Management John Bair - Ascend Wealth Advisors Operator Good afternoon and welcome to the Evolution Petroleum Fiscal Fourth Quarter 2023 Earnings Release Conference Call. At this time, all participants have been placed in a listen-only mode and floor will be open for questions and comments after the presentation.

Shares of Evolution Petroleum Corp (NYSE:EPM) tumbled more than 23% Wednesday afternoon after the company posted lower fiscal fourth-quarter revenue.  The oil and natural gas company reported revenue of $18.2 million, down 57% year-over-year, in the quarter ended June 30.

With oil prices hitting 2023 highs, stocks such as Granite Ridge Resources (GRNT), Viper Energy Partners (VNOM), Evolution Petroleum (EPM) and Northern Oil and Gas (NOG) are poised to benefit.

The past couple years have been rough for tech stocks. Between pandemic-fueled volatility, supply chain issues, volatile inflation, and interest rate hikes, many of the high-flying Wall Street darlings just two years ago have crashed back down to earth.

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

ERF, EPM and SUN appear well-positioned to benefit from the current dynamics in the energy market, as crude oil prices continue their upward trajectory.