Evolution Petroleum Corp. (EPM) reported third-quarter 2026 results with total revenues of $20.17 million, a decline of 10.6% year‑over‑year and below the consensus revenue estimate of $20.79 million. Gross profit fell to $7.21 million (down 21.4% YoY). The company recorded an operating loss of $0.56 million and a net loss attributable to common shareholders of $8.93 million, producing diluted EPS of -0.26 per share versus an EPS estimate of -0.004 per share.
Key financial highlights:
Liquidity and balance sheet:
Market reaction and takeaway: shares of EPM fell 6.05% since market close. The quarter showed weaker top‑line and gross‑profit trends, a wider net loss and pressured operating cash flow, while liabilities increased and capital spending rose. These factors underscore near‑term financial strain despite ongoing investment activity.
Note: This financials data is sourced from a third-party provider and has not been independently verified by Quiver.
Evolution Petroleum Corp. Hedge Fund Activity
We have seen 62 institutional investors add shares of Evolution Petroleum Corp. stock to their portfolio, and 62 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- RANGER INVESTMENT MANAGEMENT, L.P. removed 943,820 shares (-100.0%) from their portfolio in Q4 2025, for an estimated $3,341,122
- RIVER ROAD ASSET MANAGEMENT, LLC removed 537,375 shares (-100.0%) from their portfolio in Q1 2026, for an estimated $2,461,177
- RAYMOND JAMES FINANCIAL INC added 296,415 shares (+62.5%) to their portfolio in Q4 2025, for an estimated $1,049,309
- CITADEL ADVISORS LLC added 271,003 shares (+inf%) to their portfolio in Q4 2025, for an estimated $959,350
- WEALTHTRUST AXIOM LLC added 166,624 shares (+9.4%) to their portfolio in Q4 2025, for an estimated $589,848
- CWA ASSET MANAGEMENT GROUP, LLC added 162,130 shares (+29.6%) to their portfolio in Q1 2026, for an estimated $742,555
- BARD ASSOCIATES INC removed 132,061 shares (-98.1%) from their portfolio in Q1 2026, for an estimated $604,839
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.
Evolution Petroleum Corp. Price Targets
Multiple analysts have issued price targets for $EPM recently. We have seen 2 analysts offer price targets for $EPM in the last 6 months, with a median target of $5.15.
Here are some recent targets:
- Sergey Pigarev from Freedom Capital Markets set a target price of $5.3 on 12/23/2025
- Nick Pope from Roth Capital set a target price of $5.0 on 12/04/2025
