Evolution Petroleum Corporation

NYSEAM:EPM Stock Report

Market Cap: US$152.0m

Evolution Petroleum Future Growth

Future criteria checks 3/6

Evolution Petroleum is forecast to grow earnings and revenue by 204.9% and 0.3% per annum respectively while EPS is expected to grow by 119.9% per annum.

Key information

204.9%

Earnings growth rate

119.94%

EPS growth rate

Oil and Gas earnings growth10.8%
Revenue growth rate0.3%
Future return on equityn/a
Analyst coverage

Low

Last updated20 May 2026

Recent future growth updates

Recent updates

Narrative Update • Jun 03

EPM: Stronger Oil Prices Will Support Future Dividend Sustainability

Narrative Update: Analyst Price Target Change for Evolution Petroleum Analysts now cluster around a $4.50 price target for Evolution Petroleum, reflecting mixed reactions to a "tough" fiscal Q3, higher net debt from recent acquisitions, and updated estimates that assume stronger oil prices and better dividend coverage over time. Analyst Commentary Recent research on Evolution Petroleum highlights a split view, with some analysts focusing on near term execution challenges and higher net debt, while others point to supportive oil prices and potential for stronger dividend coverage over time.
Narrative Update • May 11

EPM: Higher Production From Recent Acquisitions Will Support Future Upside

Evolution Petroleum's updated analyst price target has been reset to $6.25, with analysts pointing to revised assumptions for discount rate, revenue growth, profit margin, and a sharply lower forward P/E estimate as the key drivers behind the change. What's in the News Evolution Petroleum reported total production of 7,380 net BOEPD for the second quarter of fiscal 2026, compared with 6,935 net BOEPD in the year ago period, with contributions from crude oil, natural gas, and NGLs across its portfolio (Key Developments).
Narrative Update • Apr 22

EPM: Future Returns Will Rely On Compressed P E And Rising Gas Exposure

Analysts have revised their price target on Evolution Petroleum to $4.00. The update is mainly tied to changes in assumed revenue growth, profit margin and future P/E expectations rather than a shift in fair value or discount rate.
Narrative Update • Apr 08

EPM: Future Returns Will Depend On Lower Revenue Assumptions And Modest Production

Analysts have adjusted their price target for Evolution Petroleum based on updated views that incorporate a lower projected revenue growth rate, a slightly higher profit margin, and a marginally lower future P/E, leading to a revised valuation of $4.00 per share. What's in the News Reported total production for the second quarter of fiscal 2026 at 7,380 net BOEPD, compared with 6,935 net BOEPD in the year ago period, reflecting contributions from the Minerals Acquisition in August 2025 and TexMex Acquisition in April 2025 (Key Developments).
Narrative Update • Mar 25

EPM: Future Returns Will Rely On Modest Production And Compressed Earnings Multiple

Analysts have adjusted their price target on Evolution Petroleum to $4.00. The unchanged fair value reflects updated views on revenue growth, profit margin and future P/E assumptions.
Narrative Update • Mar 11

EPM: Higher Uncertainty P/E Assumptions Will Support Upside From Stable Production

Analysts have maintained their fair value target for Evolution Petroleum at $6.25. At the same time, they have sharply reduced their underlying revenue growth and profit margin assumptions and applied a very large future P/E multiple to reflect greater uncertainty around the earnings outlook.
Narrative Update • Feb 25

EPM: Future Returns Will Depend On Modest Production Gains And Rich Earnings Multiple

Analysts have nudged their price target for Evolution Petroleum higher to $4.00. This reflects updated assumptions around modest revenue growth, a slightly stronger profit margin profile, and a P/E closer to 13.8x in their models.
Narrative Update • Feb 10

EPM: Lower Risk Profile Will Support Higher Future P/E Multiple

Analysts have made a modest adjustment to their price target on Evolution Petroleum, maintaining an estimated fair value of about $6.25. They have refined assumptions on discount rate, revenue growth, profit margin and future P/E to better align with updated views on the company’s risk profile and earnings power.
Narrative Update • Jan 26

EPM: Higher Margin Outlook Will Support More Attractive Future P/E Multiple

Analysts have adjusted their price target on Evolution Petroleum to US$6.25, reflecting changes to assumptions around the discount rate, revenue growth, profit margin and future P/E, which together support a steady view of fair value. What's in the News At the December 4, 2025 AGM, shareholders approved the appointment of Baker Tilly US, LLP as Evolution Petroleum's independent registered public accounting firm for the fiscal year ending June 30, 2026 (company AGM announcement).
Narrative Update • Jan 12

EPM: Higher Margin Outlook Will Support More Attractive Future P/E Multiple

Analysts now mark their average price target for Evolution Petroleum at US$6.25, up from US$5.70, citing updated assumptions that include a different discount rate, a revised revenue growth outlook, a higher profit margin figure, and a much lower future P/E input. What's in the News At the December 4, 2025 AGM, shareholders ratified the appointment of Baker Tilly US, LLP as Evolution Petroleum's independent registered public accounting firm for the fiscal year ending June 30, 2026 (Key Developments).
Narrative Update • Dec 26

EPM: Future Returns Will Reflect Stable Margins And Updated Revenue Outlook

Analysts have modestly raised their price target on Evolution Petroleum to reflect a stronger outlook for revenue growth, a slightly higher discount rate, and expectations for a lower future P/E multiple. Together, these factors support a more constructive risk reward profile.
Narrative Update • Dec 12

EPM: Future Returns Will Reflect Stronger Margins Amid Moderate Production Outlook

Analysts have trimmed their price target for Evolution Petroleum from approximately 4.50 dollars to 4.00 dollars, reflecting expectations for weaker revenue growth that are only partially offset by improved profit margin forecasts and a lower implied future price-to-earnings multiple. What's in the News Shareholders ratified the appointment of Baker Tilly US, LLP as Evolution Petroleum's independent registered public accounting firm for the fiscal year ending June 30, 2026 (AGM client announcement).
Narrative Update • Aug 20

Acquisitions And Production Growth In SCOOP/STACK Will Strengthen Future Cash Flow

Despite a sharp improvement in net profit margin and a substantial reduction in future P/E, the consensus analyst price target for Evolution Petroleum has been notably reduced from $6.15 to $5.10. What's in the News Acquired approximately 5,500 net royalty acres in the SCOOP/STACK area of Oklahoma for $17 million, adding ownership in 420 producing wells and over 650 drill locations, with the transaction expected to be immediately accretive to cash flow per share and supportive of the dividend strategy.
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New Narrative • Feb 23

Acquisitions And Drilling Expansion In SCOOP/STACK And Chaveroo Will Increase Future Production

Pursuing acquisitions and strategic drilling expansion may boost cash flow, revenue, and production growth, positively impacting financial stability.

Earnings and Revenue Growth Forecasts

NYSEAM:EPM - Analysts future estimates and past financials data (USD Millions)
DateRevenueEarningsFree Cash FlowCash from OpAvg. No. Analysts
6/30/202883N/AN/A231
6/30/202784422265
6/30/202685-222234
3/31/202683-1-1327N/A
12/31/2025863-831N/A
9/30/2025850-633N/A
6/30/20258611133N/A
3/31/202586-42531N/A
12/31/202486-1-2127N/A
9/30/2024875-2526N/A
6/30/2024864-2723N/A
3/31/2024833-4114N/A
12/31/202397162535N/A
9/30/2023109263138N/A
6/30/2023129354451N/A
3/31/2023152494375N/A
12/31/202214141966N/A
9/30/202213037864N/A
6/30/202210932-252N/A
3/31/20228120-1431N/A
12/31/20216315-217N/A
9/30/202146-4-109N/A
6/30/202133-17-145N/A
3/31/202122-2123N/A
12/31/202022-1855N/A
9/30/202026-4-29N/A
6/30/2020306112N/A
3/31/20203712718N/A
12/31/20193810N/A18N/A
9/30/20194012N/A21N/A
6/30/20194315N/A24N/A
3/31/20194417N/A24N/A
12/31/20184517N/A26N/A
9/30/20184523N/A24N/A
6/30/20184120N/A21N/A
3/31/20183817N/A20N/A
12/31/20173816N/A20N/A
9/30/2017358N/A19N/A
6/30/2017347N/A16N/A
3/31/20173326N/A36N/A
12/31/20162823N/A32N/A
9/30/20162722N/A30N/A
6/30/20162624N/A31N/A
3/31/2016285N/A10N/A
12/31/2015306N/A10N/A
9/30/2015316N/A12N/A
6/30/2015284N/A10N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: EPM is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (3.5%).

Earnings vs Market: EPM is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: EPM is expected to become profitable in the next 3 years.

Revenue vs Market: EPM's revenue (0.3% per year) is forecast to grow slower than the US market (12.5% per year).

High Growth Revenue: EPM's revenue (0.3% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: Insufficient data to determine if EPM's Return on Equity is forecast to be high in 3 years time

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/06/11 14:31
End of Day Share Price 2026/06/11 00:00
Earnings2026/03/31
Annual Earnings2025/06/30

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

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Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Evolution Petroleum Corporation is covered by 7 analysts. 5 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Charles FrattAlliance Global Partners
Sergey PigarevFreedom Broker
Jeffrey GramppNorthland Capital Markets