Evolution Petroleum Corporation (EPM) Q4 2024 Earnings Call Transcript
Evolution Petroleum Corporation (NYSE:EPM ) Q4 2024 Results Conference Call September 11, 2024 11:00 AM ET Company Participants Brandi Hudson - IR Manager Kelly Loyd - President and CEO Mark Bunch - COO Ryan Stash - SVP, CFO and Treasurer Conference Call Participants Donovan Schafer - Northland capital John White - ROTH Capital Jeff Robertson - Water Tower Research Bruce Brown - Brown Capital Operator Good morning, and welcome to the Evolution Petroleum Fourth Quarter and Fiscal Year 2024 Earnings Release Conference Call. All participants will be in listen-only mode.
Evolution Petroleum: Strategic Management, Ridiculously Cheap Assets, Recovering Gas Prices
I calculate a $268M intrinsic value for Evolution in the medium run, based on slightly recovering gas prices. That is $8.16/share. Evolution's management knows to buy counter-cyclical assets at depressed prices. Market fears have dropped the stock by 45%. Assuming no systemic shocks, Evolution will likely be paying down its debt while paying an 8.80% dividend yield.
Evolution Petroleum: Transition From Secondary Recovery Continues
The recent acquisitions have led to considerable growth opportunities in the conventional and unconventional business. Evolution Petroleum is transitioning from high-cost secondary recovery to conventional and unconventional business through small interest purchases. Recent $40 million purchase in Anadarko, Oklahoma marks a significant shift in the company's focus.
Is the Options Market Predicting a Spike in Evolution Petroleum (EPM) Stock?
Investors need to pay close attention to Evolution Petroleum (EPM) stock based on the movements in the options market lately.
