Q3 EPS Estimates for Epsilon Energy Reduced by Roth Capital

Epsilon Energy Ltd. (NASDAQ:EPSN) – Analysts at Roth Capital lowered their Q3 2024 EPS estimates for shares of Epsilon Energy in a research note issued on Wednesday, October 23rd. Roth Capital analyst J. White now expects that the company will post earnings per share of $0.04 for the quarter, down from their previous estimate of $0.05. Roth Capital has a “Strong-Buy” rating on the stock. The consensus estimate for Epsilon Energy’s current full-year earnings is $0.24 per share. Roth Capital also issued estimates for Epsilon Energy’s Q4 2024 earnings at $0.05 EPS, FY2024 earnings at $0.20 EPS, Q1 2025 earnings at $0.08 EPS, Q2 2025 earnings at $0.09 EPS, Q3 2025 earnings at $0.12 EPS and Q4 2025 earnings at $0.07 EPS.

Separately, Roth Mkm started coverage on Epsilon Energy in a research report on Tuesday, October 1st. They set a “buy” rating and a $7.00 target price on the stock.

Epsilon Energy Trading Up 0.5 %

Shares of Epsilon Energy stock opened at $6.03 on Thursday. The business has a 50-day moving average price of $5.58 and a two-hundred day moving average price of $5.45. Epsilon Energy has a 1-year low of $4.70 and a 1-year high of $6.20. The company has a market cap of $132.19 million, a P/E ratio of 26.22 and a beta of 0.39.

Epsilon Energy (NASDAQ:EPSN) last announced its earnings results on Tuesday, August 13th. The company reported $0.04 earnings per share for the quarter. The business had revenue of $7.31 million during the quarter. Epsilon Energy had a net margin of 17.59% and a return on equity of 5.31%.

Epsilon Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Friday, September 13th were paid a dividend of $0.063 per share. This represents a $0.25 annualized dividend and a yield of 4.18%. The ex-dividend date was Friday, September 13th. Epsilon Energy’s dividend payout ratio is presently 108.70%.

Insiders Place Their Bets

In other news, CEO Jason Stabell acquired 9,139 shares of the firm’s stock in a transaction dated Friday, August 16th. The stock was purchased at an average price of $5.28 per share, for a total transaction of $48,253.92. Following the completion of the acquisition, the chief executive officer now directly owns 396,339 shares in the company, valued at $2,092,669.92. The trade was a 0.00 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Corporate insiders own 5.53% of the company’s stock.

Hedge Funds Weigh In On Epsilon Energy

Large investors have recently added to or reduced their stakes in the business. Perritt Capital Management Inc bought a new position in shares of Epsilon Energy in the second quarter valued at approximately $109,000. Meixler Investment Management Ltd. boosted its holdings in Epsilon Energy by 159.7% during the 2nd quarter. Meixler Investment Management Ltd. now owns 32,605 shares of the company’s stock worth $178,000 after acquiring an additional 20,050 shares during the last quarter. International Assets Investment Management LLC grew its stake in shares of Epsilon Energy by 47.3% in the 1st quarter. International Assets Investment Management LLC now owns 37,705 shares of the company’s stock worth $207,000 after acquiring an additional 12,110 shares in the last quarter. Empowered Funds LLC grew its stake in shares of Epsilon Energy by 8.1% in the 1st quarter. Empowered Funds LLC now owns 76,203 shares of the company’s stock worth $419,000 after acquiring an additional 5,742 shares in the last quarter. Finally, Vanguard Group Inc. raised its holdings in shares of Epsilon Energy by 0.3% in the first quarter. Vanguard Group Inc. now owns 958,204 shares of the company’s stock valued at $5,265,000 after purchasing an additional 2,537 shares during the last quarter. Institutional investors own 60.33% of the company’s stock.

About Epsilon Energy

Epsilon Energy Ltd., a North American onshore independent natural gas and oil company, engages in the acquisition, development, gathering, and production of natural oil and gas reserves in the United States. The company operates through Upstream and Gathering System segments. It has natural gas production in the Marcellus Shale in Pennsylvania; and oil, natural gas liquids, and natural gas production in the Permian Basin in Texas and New Mexico, and Anadarko Basin in Oklahoma.