Epsilon Energy Ltd. (NASDAQ:EPSN) Sees Significant Decrease in Short Interest

Epsilon Energy Ltd. (NASDAQ:EPSN) was the recipient of a large decline in short interest in September. As of September 30th, there was short interest totalling 31,700 shares, a decline of 17.4% from the September 15th total of 38,400 shares. Currently, 0.2% of the company’s stock are sold short. Based on an average daily volume of 65,200 shares, the days-to-cover ratio is currently 0.5 days.

Epsilon Energy Stock Performance

Epsilon Energy stock opened at $5.80 on Wednesday. Epsilon Energy has a fifty-two week low of $4.70 and a fifty-two week high of $6.20. The company has a market capitalization of $127.15 million, a P/E ratio of 25.22 and a beta of 0.39. The stock has a 50-day simple moving average of $5.45 and a 200-day simple moving average of $5.42.

Epsilon Energy (NASDAQ:EPSN) last posted its earnings results on Tuesday, August 13th. The company reported $0.04 earnings per share for the quarter. Epsilon Energy had a return on equity of 5.31% and a net margin of 17.59%. The business had revenue of $7.31 million during the quarter. As a group, analysts forecast that Epsilon Energy will post 0.24 earnings per share for the current year.

Epsilon Energy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, September 13th were issued a $0.063 dividend. This represents a $0.25 annualized dividend and a dividend yield of 4.34%. The ex-dividend date was Friday, September 13th. Epsilon Energy’s payout ratio is currently 108.70%.

Insider Buying and Selling

In related news, CEO Jason Stabell bought 9,139 shares of the stock in a transaction that occurred on Friday, August 16th. The stock was purchased at an average cost of $5.28 per share, with a total value of $48,253.92. Following the purchase, the chief executive officer now directly owns 396,339 shares of the company’s stock, valued at $2,092,669.92. This trade represents 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. 5.53% of the stock is currently owned by insiders.

Institutional Trading of Epsilon Energy

Several institutional investors and hedge funds have recently made changes to their positions in EPSN. Perritt Capital Management Inc purchased a new stake in Epsilon Energy during the 2nd quarter valued at approximately $109,000. Meixler Investment Management Ltd. raised its stake in Epsilon Energy by 159.7% during the 2nd quarter. Meixler Investment Management Ltd. now owns 32,605 shares of the company’s stock valued at $178,000 after acquiring an additional 20,050 shares during the last quarter. International Assets Investment Management LLC raised its stake in Epsilon Energy by 47.3% during the 1st quarter. International Assets Investment Management LLC now owns 37,705 shares of the company’s stock valued at $207,000 after acquiring an additional 12,110 shares during the last quarter. Empowered Funds LLC raised its stake in Epsilon Energy by 8.1% during the 1st quarter. Empowered Funds LLC now owns 76,203 shares of the company’s stock valued at $419,000 after acquiring an additional 5,742 shares during the last quarter. Finally, Vanguard Group Inc. raised its stake in Epsilon Energy by 0.3% during the 1st quarter. Vanguard Group Inc. now owns 958,204 shares of the company’s stock valued at $5,265,000 after acquiring an additional 2,537 shares during the last quarter. 60.33% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on EPSN. Roth Capital raised Epsilon Energy to a “strong-buy” rating in a research report on Tuesday, October 1st. Roth Mkm began coverage on Epsilon Energy in a research report on Tuesday, October 1st. They set a “buy” rating and a $7.00 price objective for the company.

Epsilon Energy Company Profile

Epsilon Energy Ltd., a 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.