Shares outstanding are shares that have been authorized, issued, and purchased by investors and are held by them. Evolution Petroleum's shares outstanding for the quarter that ended in Mar. 2026 was 35.82 Mil.
Evolution Petroleum's quarterly shares outstanding
increased
from Dec. 2025 (35.00 Mil) to Mar. 2026 (35.82 Mil).
It means Evolution Petroleumissued new shares from Dec. 2025 to Mar. 2026 .
Evolution Petroleum's annual shares outstanding
increased
from Jun. 2024 (33.34 Mil) to Jun. 2025 (34.34 Mil).
It means Evolution Petroleumissued new shares from Jun. 2024 to Jun. 2025 .
A company may buy back shares or issue shares in any fiscal period. If a company buys back shares, we should observe that the total number of shares decline. If the company issues new shares, the number of shares outstanding increases.
Usually the presence of treasury shares and a history of buyback are good indicators that company has competitive advantage. But studies have shown that companies usually buy back at wrong time. Buying back shares below its intrinsic value increases value for remaining shareholders. Buying back overvalued shares destroys value for existing shareholders.
Be Aware
Warren Buffett looks for consistency and upward long term trend. Because of share repurchase it is possible for net earnings trend to differ from EPS trend. He preferred net income over EPS. The companies with durable competitive advantage companies report higher % net earnings to total revenues.
Important: If a company is showing net earnings history greater than 20% on total revenues, it is probably benefiting from a long term competitive advantage.
If net earnings is less than 10%, likely to be in a highly competitive business.
Evolution Petroleum Shares Outstanding (EOP) Related Terms
Evolution Petroleum Shares Outstanding (EOP) Historical Data
* Premium members only.
The historical data trend for Evolution Petroleum's Shares Outstanding (EOP) can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
EPM vs SJT, ANNA, GLND: Shares Outstanding (EOP) Comparison
For the Oil & Gas E&P subindustry, Evolution Petroleum's Shares Outstanding (EOP), along with its competitors' market caps and Shares Outstanding (EOP) data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Evolution Petroleum Shares Outstanding (EOP) vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Evolution Petroleum's Shares Outstanding (EOP) distribution charts can be found below:
* The bar in red indicates where Evolution Petroleum's Shares Outstanding (EOP) falls into.
Shares outstanding are shares that have been authorized, issued, and purchased by investors and are held by them. They have voting rights and represent ownership in the corporation by the person that holds the shares. They should be distinguished from treasury shares, which are shares held by the corporation itself, having no exercisable rights.
Shares outstanding can be calculated as either basic or fully diluted. The fully diluted shares outstanding count includes diluting securities, such as options, warrants or convertibles.
What does a Shares Outstanding (EOP) of 35.82 Mil mean?
Evolution Petroleum (EPM) has a Shares Outstanding (EOP) of 35.82 Mil as of Mar. 2026. The total shares a company has outstanding, at period-end. View historical data on Evolution Petroleum and its competitors.
Is Evolution Petroleum's Shares Outstanding (EOP) too high?
Evolution Petroleum's current Shares Outstanding (EOP) is 35.82 Mil. Overall, Evolution Petroleum has a GF Score™ of 74/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Evolution Petroleum's Shares Outstanding (EOP) compare to SJT and ANNA?
Evolution Petroleum's Shares Outstanding (EOP) of 35.82 Mil can be compared against companies in the Oil & Gas industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Shares Outstanding (EOP) for an Oil & Gas company?
A good Shares Outstanding (EOP) depends on the Oil & Gas industry context. However, Shares Outstanding (EOP) should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Shares Outstanding (EOP) mean?
A high Shares Outstanding (EOP) can signal that a stock is expensive relative to its fundamentals. The total shares a company has outstanding, at period-end. View historical data on Evolution Petroleum and its competitors. Evolution Petroleum's current Shares Outstanding (EOP) is 35.82 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Evolution Petroleum stock overvalued right now?
Based on GuruFocus' analysis, Evolution Petroleum (EPM) is currently considered Modestly Undervalued. The stock's GF Value™ is $4.70, compared to a current price of $3.72 — trading 20.9% below its estimated fair value. The current Shares Outstanding (EOP) is 35.82 Mil. Evolution Petroleum's overall GF Score™ is 74/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Shares Outstanding (EOP) calculated?
Shares Outstanding (EOP) is calculated from a company's financial statements. For Evolution Petroleum (EPM), the current Shares Outstanding (EOP) is 35.82 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Evolution Petroleum (EPM) Overvalued in 2026?
Based on GuruFocus' analysis, Evolution Petroleum stock appears to be undervalued.
The current stock price of $3.72 is trading 20.9% below its estimated GF Value™ of $4.70.
GuruFocus considers Evolution Petroleum to be Modestly Undervalued.
Key valuation signals for EPM:
Shares Outstanding (EOP): 35.82 Mil
GF Value™: $4.70 vs. price of $3.72 (20.9% below fair value)
No single metric tells the full story. See the EPM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Evolution Petroleum Corp is an independent energy company focused on owning and investing in onshore oil and natural gas properties across the United States. Its portfolio includes non-operated interests in various production fields such as CO2 enhanced oil recovery in Louisiana, secondary recovery production in Wyoming, and shale gas reservoirs in Texas and North Dakota. The company generates revenue from the production and sale of oil and natural gas, leveraging specialized technologies to extend reservoir life and enhance recoveries.
74GF Score
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