Loading...

You're on the old version of Simply Wall St. We will no longer be supporting this site, so we recommend you switch to our brand new platform.

Evolution Petroleum

DB:EP7
Snowflake Description

Flawless balance sheet and fair value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
EP7
DB
$77M
Market Cap
  1. Home
  2. DE
  3. Energy
Company description

Evolution Petroleum Corporation, an oil and gas company, engages in the development, production, ownership, and management of oil and gas properties in the United States. The last earnings update was 60 days ago. More info.


Add to Portfolio Compare Print
  • Evolution Petroleum has significant price volatility in the past 3 months.
EP7 Share Price and Events
7 Day Returns
2.8%
DB:EP7
6.5%
DE Oil and Gas
2.1%
DE Market
1 Year Returns
-63.9%
DB:EP7
28.1%
DE Oil and Gas
-16.6%
DE Market
EP7 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Evolution Petroleum (EP7) 2.8% -48.4% -54.5% -63.9% -71.8% -62.9%
DE Oil and Gas 6.5% -7.3% -23.7% 28.1% -18.9% 149.7%
DE Market 2.1% -12.6% -22.9% -16.6% -21.9% -27.8%
1 Year Return vs Industry and Market
  • EP7 underperformed the Oil and Gas industry which returned 28.1% over the past year.
  • EP7 underperformed the Market in Germany which returned -16.6% over the past year.
Price Volatility
EP7
Industry
5yr Volatility vs Market

Value

 Is Evolution Petroleum undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Evolution Petroleum to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Evolution Petroleum.

DB:EP7 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Dividend Discount Model
Dividend Per Share Company Filings (2019-12-31) in USD $ .400000
Payout Ratio Company Filings (2019-12-31) 7664.1%
Discount Rate (Cost of Equity) See below 4.9%
Perpetual Growth Rate 10-Year DE Government Bond Rate -0.4%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:EP7
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate -0.4%
Equity Risk Premium S&P Global 5.4%
Oil and Gas Unlevered Beta Simply Wall St/ S&P Global 0.95
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.948 (1 + (1- 21%) (0.21%))
0.966
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.97
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.39% + (0.966 * 5.44%)
4.87%

Discounted Cash Flow Calculation for DB:EP7 using Dividend Discount Model Model

The calculations below outline how an intrinsic value for Evolution Petroleum is arrived at by discounting future dividends to their present value. This approach is used for finance firms where free cash flow is difficult to estimate (e.g. Banks/ Insurance firms).

If the firm does not pay the majority of its earnings out as a dividend this method will often arrive at a value significantly lower than the share price.

See our documentation to learn about this calculation.

DB:EP7 Gordon Growth Model
Calculation Result
Value per share = Expected dividends per share / (Discount Rate - Perpetual growth rate)
= $0.4 / (4.87% - -0.39%)
$6.61
DB:EP7 Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:EP7 represents 0.9322x of AMEX:EPM
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.9322x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (USD) x Listing Adjustment Factor
= $ 7.61 x 0.9322
€7.09
Value per share (EUR) From above. €7.09
Current discount Discount to share price of €2.20
= -1 x (€2.20 - €7.09) / €7.09
69%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Evolution Petroleum is available for.
Intrinsic value
>50%
Share price is €2.2 vs Future cash flow value of €7.09
Current Discount Checks
For Evolution Petroleum to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Evolution Petroleum's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Evolution Petroleum's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Evolution Petroleum's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Evolution Petroleum's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:EP7 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in USD $0.31
AMEX:EPM Share Price ** AMEX (2020-04-07) in USD $2.36
Europe Oil and Gas Industry PE Ratio Median Figure of 104 Publicly-Listed Oil and Gas Companies 6.51x
Germany Market PE Ratio Median Figure of 402 Publicly-Listed Companies 16.83x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Evolution Petroleum.

DB:EP7 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= AMEX:EPM Share Price ÷ EPS (both in USD)

= 2.36 ÷ 0.31

7.64x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Evolution Petroleum is overvalued based on earnings compared to the Europe Oil and Gas industry average.
  • Evolution Petroleum is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does Evolution Petroleum's expected growth come at a high price?
Raw Data
DB:EP7 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 7.64x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts
-46.2%per year
Europe Oil and Gas Industry PEG Ratio Median Figure of 66 Publicly-Listed Oil and Gas Companies 0.32x
Germany Market PEG Ratio Median Figure of 256 Publicly-Listed Companies 1.22x

*Line of best fit is calculated by linear regression .

DB:EP7 PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 7.64x ÷ -46.2%

-0.17x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Evolution Petroleum earnings are not expected to grow next year, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Evolution Petroleum's assets?
Raw Data
DB:EP7 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in USD $2.34
AMEX:EPM Share Price * AMEX (2020-04-07) in USD $2.36
Germany Oil and Gas Industry PB Ratio Median Figure of 6 Publicly-Listed Oil and Gas Companies 1x
Germany Market PB Ratio Median Figure of 573 Publicly-Listed Companies 1.45x
DB:EP7 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= AMEX:EPM Share Price ÷ Book Value per Share (both in USD)

= 2.36 ÷ 2.34

1.01x

* Primary Listing of Evolution Petroleum.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Evolution Petroleum is overvalued based on assets compared to the DE Oil and Gas industry average.
X
Value checks
We assess Evolution Petroleum's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Oil and Gas industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Oil and Gas industry average (and greater than 0)? (1 check)
  5. Evolution Petroleum has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Evolution Petroleum expected to perform in the next 1 to 3 years based on estimates from 2 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
-46.2%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Evolution Petroleum expected to grow at an attractive rate?
  • Evolution Petroleum's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of -0.4%.
Growth vs Market Checks
  • Evolution Petroleum's earnings are expected to decrease over the next 1-3 years, this is below the Germany market average.
  • Evolution Petroleum's revenues are expected to decrease over the next 1-3 years, this is below the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:EP7 Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:EP7 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts -46.2%
DB:EP7 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 2 Analysts -10.4%
Europe Oil and Gas Industry Earnings Growth Rate Market Cap Weighted Average 13.1%
Europe Oil and Gas Industry Revenue Growth Rate Market Cap Weighted Average 1.9%
Germany Market Earnings Growth Rate Market Cap Weighted Average 14%
Germany Market Revenue Growth Rate Market Cap Weighted Average 3.9%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:EP7 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:EP7 Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-06-30 32 11 5 2
2020-06-30 36 14 7 2
2020-04-07
DB:EP7 Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-12-31 38 18 10
2019-09-30 40 21 12
2019-06-30 43 24 15
2019-03-31 45 24 17
2018-12-31 45 26 17
2018-09-30 45 24 23
2018-06-30 41 21 20
2018-03-31 38 20 17
2017-12-31 38 20 16
2017-09-30 35 19 8
2017-06-30 34 16 7
2017-03-31 33 36 26

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Evolution Petroleum's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • Evolution Petroleum's revenue is expected to decrease over the next 1-3 years, this is not considered high growth.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:EP7 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below

All data from Evolution Petroleum Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:EP7 Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-06-30 0.14 0.26 0.02 2.00
2020-06-30 0.22 0.27 0.16 2.00
2020-04-07
DB:EP7 Past Financials Data
Date (Data in USD Millions) EPS *
2019-12-31 0.31
2019-09-30 0.37
2019-06-30 0.46
2019-03-31 0.50
2018-12-31 0.52
2018-09-30 0.70
2018-06-30 0.59
2018-03-31 0.50
2017-12-31 0.48
2017-09-30 0.25
2017-06-30 0.21
2017-03-31 0.79

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Evolution Petroleum will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Evolution Petroleum's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Europe market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Evolution Petroleum has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Evolution Petroleum performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Evolution Petroleum's growth in the last year to its industry (Oil and Gas).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Evolution Petroleum's year on year earnings growth rate has been positive over the past 5 years, however the most recent earnings are below average.
  • Evolution Petroleum's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Evolution Petroleum's 1-year earnings growth is negative, it can't be compared to the Europe Oil and Gas industry average.
Earnings and Revenue History
Evolution Petroleum's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Evolution Petroleum Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:EP7 Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 38.41 10.23 5.28
2019-09-30 40.07 12.37 5.11
2019-06-30 43.23 15.38 5.07
2019-03-31 44.66 16.63 5.26
2018-12-31 44.80 17.30 6.10
2018-09-30 44.68 23.27 6.51
2018-06-30 40.77 19.62 6.77
2018-03-31 38.32 16.59 6.30
2017-12-31 37.69 15.94 5.74
2017-09-30 35.29 8.37 5.32
2017-06-30 34.48 6.79 4.99
2017-03-31 32.89 26.00 4.06
2016-12-31 28.47 23.28 5.08
2016-09-30 26.56 21.63 5.90
2016-06-30 26.35 23.99 9.08
2016-03-31 28.17 5.00 6.71
2015-12-31 30.13 5.86 5.87
2015-09-30 31.22 6.28 5.42
2015-06-30 27.84 4.32 5.24
2015-03-31 23.09 4.04 6.08
2014-12-31 20.36 4.23 6.32
2014-09-30 17.04 2.58 6.56
2014-06-30 17.67 2.92 6.69
2014-03-31 18.82 2.43 7.67
2013-12-31 20.48 3.90 7.75
2013-09-30 21.71 6.27 7.72
2013-06-30 21.35 5.95 7.50

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Evolution Petroleum has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Evolution Petroleum used its assets more efficiently than the Europe Oil and Gas industry average last year based on Return on Assets.
  • Evolution Petroleum has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Evolution Petroleum's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Oil and Gas industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Evolution Petroleum has a total score of 3/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Evolution Petroleum's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Evolution Petroleum's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Evolution Petroleum is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Evolution Petroleum's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Evolution Petroleum's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Evolution Petroleum has no debt, it does not need to be covered by short term assets.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Evolution Petroleum Company Filings, last reported 3 months ago.

DB:EP7 Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 76.88 0.00 20.94
2019-09-30 78.58 0.00 31.40
2019-06-30 80.13 0.00 31.55
2019-03-31 79.97 0.00 29.55
2018-12-31 80.69 0.00 30.00
2018-09-30 79.89 0.00 28.84
2018-06-30 77.29 0.00 24.93
2018-03-31 76.20 0.00 27.19
2017-12-31 76.09 0.00 25.74
2017-09-30 68.51 0.00 24.13
2017-06-30 68.47 0.00 23.03
2017-03-31 68.98 0.00 20.22
2016-12-31 68.59 0.00 19.16
2016-09-30 76.22 0.00 28.24
2016-06-30 76.32 0.00 34.08
2016-03-31 50.29 0.00 14.01
2015-12-31 52.10 0.00 16.33
2015-09-30 52.06 0.00 16.32
2015-06-30 48.58 0.00 20.12
2015-03-31 48.14 0.00 20.39
2014-12-31 48.75 0.00 22.52
2014-09-30 50.28 0.00 21.37
2014-06-30 51.88 0.00 23.94
2014-03-31 53.05 0.00 24.88
2013-12-31 54.83 0.00 25.54
2013-09-30 56.40 0.00 25.93
2013-06-30 54.84 0.00 25.18
  • Evolution Petroleum has no debt.
  • Evolution Petroleum has not taken on any debt in the past 5 years.
  • Evolution Petroleum has no debt, it does not need to be covered by operating cash flow.
  • Evolution Petroleum has no debt, therefore coverage of interest payments is not a concern.
X
Financial health checks
We assess Evolution Petroleum's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Evolution Petroleum has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Evolution Petroleum's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
16.95%
Current annual income from Evolution Petroleum dividends.
If you bought €2,000 of Evolution Petroleum shares you are expected to receive €339 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Evolution Petroleum's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.67%).
  • Evolution Petroleum's dividend is above the markets top 25% of dividend payers in Germany (4.71%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:EP7 Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
Europe Oil and Gas Industry Average Dividend Yield Market Cap Weighted Average of 68 Stocks 8.3%
Germany Market Average Dividend Yield Market Cap Weighted Average of 314 Stocks 3.7%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.7%
Germany Top 25% Dividend Yield 75th Percentile 4.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:EP7 Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2021-06-30
2020-06-30
2020-04-07
DB:EP7 Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2020-02-07 0.400 11.547
2020-02-05 0.400 7.622
2019-08-12 0.400 7.194
2019-05-10 0.400 6.198
2019-05-09 0.400 5.579
2019-02-08 0.400 5.690
2019-02-07 0.400 5.544
2018-11-09 0.400 5.154
2018-11-07 0.400 4.075
2018-09-10 0.400 3.739
2018-09-06 0.400 4.041
2018-02-07 0.400 4.341
2017-11-08 0.300 4.216
2017-09-15 0.300 4.258
2017-09-06 0.300 4.369
2017-02-08 0.280 3.552
2016-11-07 0.260 2.923
2016-08-23 0.200 3.012
2016-05-04 0.200 3.652
2015-11-16 0.200 4.103
2015-08-17 0.200 3.367
2015-05-14 0.200 3.213
2015-05-08 0.200 2.978
2015-02-06 0.200 3.136
2015-02-05 0.200 2.732
2014-11-13 0.400 5.285
2014-08-14 0.400 4.253
2014-05-14 0.400 3.655
2014-02-12 0.400 3.233
2013-11-11 0.400 3.228

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Evolution Petroleum has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
  • Evolution Petroleum has only been paying a dividend for 6 years, and since then there has been no growth.
Current Payout to shareholders
What portion of Evolution Petroleum's earnings are paid to the shareholders as a dividend.
  • Dividends paid are not well covered by earnings (0.8x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Evolution Petroleum's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Evolution Petroleum afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Evolution Petroleum has a total score of 2/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Evolution Petroleum's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Jason Brown
AGE 42
TENURE AS CEO 0.8 years
CEO Bio

Mr. Jason E. Brown has been President and Chief Executive Officer of Evolution Petroleum Corporation since July 10, 2019. He served as Vice President of Corporate Development of Halcón Resources Corporation since May 17, 2012. Mr. Brown joined Halcón Resources Corporation in May 2012. Mr. Brown also formed Katy LongBow Partners, LLC in 2008 and serves as its President. Mr. Brown was a managing member of Longbow Energy and provided consulting services to Petrohawk Energy Corporation and other independent oil and natural gas exploration and production companies since 2008. Mr. Brown performed acquisitions and divestiture services for RBC Richardson Barr beginning in 2007. Mr. Brown served as a Team Leader and Asset Manager for Petrohawk from July 2006 to 2007 and for KCS Energy Inc. since 2005 until it was acquired by Petrohawk. Prior to his employment at KCS, Mr. Brown was an engineering consultant at Guardian Energy Consultants and a reservoir engineer at KWB Oil, Inc. from 2002 to 2005 and a project manager at The Williams Companies, Inc. from 1999 to 2001. Mr. Brown has a Bachelor of Science in Chemical Engineering from the University of Tulsa and a Master of Business Administration from the University of Notre Dame.

CEO Compensation
  • Insufficient data for Jason to compare compensation growth.
  • Insufficient data for Jason to establish whether their remuneration is reasonable compared to companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the Evolution Petroleum management team in years:

4.3
Average Tenure
53
Average Age
  • The tenure for the Evolution Petroleum management team is about average.
Management Team

Robert Herlin

TITLE
Co-Founder & Non-Executive Chairman
COMPENSATION
$331K
AGE
64

David Joe

TITLE
Senior VP & CFO
COMPENSATION
$675K
AGE
53
TENURE
4.3 yrs

Jason Brown

TITLE
CEO & President
AGE
42
TENURE
0.8 yrs

Rod Schultz

TITLE
VP & Chief Accounting Officer
TENURE
4.3 yrs
Board of Directors Tenure

Average tenure and age of the Evolution Petroleum board of directors in years:

11.3
Average Tenure
64
Average Age
  • The average tenure for the Evolution Petroleum board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Robert Herlin

TITLE
Co-Founder & Non-Executive Chairman
COMPENSATION
$331K
AGE
64
TENURE
11.3 yrs

Jed DiPaolo

TITLE
Lead Independent Director
COMPENSATION
$151K
AGE
66
TENURE
7.5 yrs

Bill Dozier

TITLE
Independent Director
COMPENSATION
$323K
AGE
67
TENURE
14.3 yrs

Kelly Loyd

TITLE
Independent Director
COMPENSATION
$133K
AGE
45
TENURE
11.3 yrs

Marran J. Ogilvie

TITLE
Independent Director
COMPENSATION
$154K
AGE
51
TENURE
2.3 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
01. Oct 19 Sell JVL Advisors, LLC Company 18. Sep 19 25. Sep 19 -656,820 €5.50 €-3,472,212
24. Jul 19 Sell JVL Advisors, LLC Company 28. Jun 19 28. Jun 19 -29,875 €6.33 €-188,985
X
Management checks
We assess Evolution Petroleum's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Evolution Petroleum has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

Evolution Petroleum Corporation, an oil and gas company, engages in the development, production, ownership, and management of oil and gas properties in the United States. The company primarily holds interests in a CO2 enhanced oil recovery project in Louisiana's Delhi field. Its Delhi Holt-Bryant Unit covers an area of 13,636 acres located in Northeast Louisiana. Evolution Petroleum Corporation was founded in 2003 and is based in Houston, Texas.

Details
Name: Evolution Petroleum Corporation
EP7
Exchange: DB
Founded: 2003
$71,075,668
32,799,835
Website: http://www.evolutionpetroleum.com
Address: Evolution Petroleum Corporation
1155 Dairy Ashford Road,
Suite 425,
Houston,
Texas, 77079,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
AMEX EPM Common Stock NYSE MKT LLC US USD 27. May 2004
DB EP7 Common Stock Deutsche Boerse AG DE EUR 27. May 2004
Number of employees
Current staff
Staff numbers
4
Evolution Petroleum employees.
Industry
Oil and Gas Exploration and Production
Energy
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/07 22:59
End of day share price update: 2020/04/07 00:00
Last estimates confirmation: 2020/03/14
Last earnings filing: 2020/02/07
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/06/30


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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 here.