Investing.com - Evolution Petroleum (NYSE:EPM) reported on Tuesday first quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Evolution Petroleum announced earnings per share of $0.320 on revenue of $39.8M. Analysts polled by Investing.com anticipated EPS of $0.370 on revenue of $36.67M.
Evolution Petroleum shares are down 48.09% from the beginning of the year, still down 1.52% from its 52 week high of $8.55 set on September 19.
Evolution Petroleum follows other major Energy sector earnings this month
Evolution Petroleum's report follows an earnings beat by Exxon Mobil on October 28, who reported EPS of $4.45 on revenue of $112.07B, compared to forecasts EPS of $3.67 on revenue of $107.24B.
Chevron had beat expectations on October 28 with third quarter EPS of $5.66 on revenue of $66.64B, compared to forecast for EPS of $4.83 on revenue of $57.03B.
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