Added to YB: 2024-06-19
Pitch date: 2024-06-18
EPM [bullish]
Evolution Petroleum Corporation
-16.73%
current return
Author Info
No bio for this author
Company Info
Evolution Petroleum Corporation, an energy company, engages in the development, production, ownership, exploitation, and investment of onshore oil and gas properties in the United States.
Market Cap
$144.0M
Pitch Price
$4.61
Price Target
N/A
Dividend
11.27%
EV/EBITDA
7.87
P/E
-486.02
EV/Sales
2.30
Sector
Oil, Gas and Consumable Fuels
Category
turnaround
Evolution Petroleum: Transition From Secondary Recovery Continues
EPM: Transition to lower-cost conventional & unconventional biz from secondary recovery. Recent $40M debt for largest purchase yet - watch closely. Anadarko 50% JV has excellent payback. Barnett & West Coast nat gas to benefit from rising prices & exports. Diversifying to smooth growth & profitability, but debt a risk until paid down. Mgmt vote of confidence on nat gas. Risks: commodity prices, operator quality, key personnel loss.
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