EPM Stock Recent News

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.

HOUSTON, Aug. 28, 2023 (GLOBE NEWSWIRE) -- Evolution Petroleum Corporation (NYSE American: EPM) ("Evolution" or the "Company") today announced that it plans to release its fiscal year-end 2023 financial and operating results on Tuesday, September 12, 2023, after the market closes. Additionally, Kelly Loyd, President, and Chief Executive Officer; Ryan Stash, Senior Vice President, Chief Financial Officer, and Treasurer; and Mark Bunch, Chief Operating Officer, will review the results on a conference call at 1:00 p.m. Central Time on Wednesday, September 13, 2023.

Low-beta energy stocks like Evolution Petroleum (EPM), Profire Energy (PFIE) and Granite Ridge (GRNT) are worth betting on since notorious volatility is an integral part of the energy sector.

Under ongoing economic uncertainty, where market volatility and unpredictability have become the norm, investors often require safe harbors that offer both steady income and potential for growth. The article lists three high-growth dividend stocks breeding ripples in their industries and shares a common thread: they offer impressive dividend yields while demonstrating robust price growth potential, even outpacing the benchmark S&P 500.

NOV expects free cash flow to break even in 2023 and exceed 50% of EBITDA in 2024.

Energy prices have been trading emphatically higher over the last two months after moving sideways to lower for most of 2023. Most recently, the Energy Sector ETF  XLE  broke out of a large bullish wedge, and WTI Crude oil prices moved above the 200-day moving average signaling a shift in the trend.