Epsilon Energy Q3 EPS Forecast Decreased by Roth Capital

Epsilon Energy Ltd. (NASDAQ:EPSN) – Analysts at Roth Capital decreased their Q3 2024 earnings estimates for Epsilon Energy in a report issued on Wednesday, October 23rd. Roth Capital analyst J. White now forecasts that the company will post earnings per share of $0.04 for the quarter, down from their prior 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.

Epsilon Energy (NASDAQ:EPSN) last issued its quarterly earnings results on Tuesday, August 13th. The company reported $0.04 earnings per share (EPS) for the quarter. The company 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%.

Separately, 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 target on the stock.

Epsilon Energy Trading Up 0.5 %

Shares of NASDAQ EPSN opened at $6.03 on Thursday. The stock has a fifty day simple moving average of $5.58 and a two-hundred day simple moving average of $5.45. Epsilon Energy has a 1-year low of $4.70 and a 1-year high of $6.20. The firm has a market cap of $132.19 million, a price-to-earnings ratio of 26.22 and a beta of 0.39.

Institutional Inflows and Outflows

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

Insider Activity at Epsilon Energy

In other Epsilon Energy news, CEO Jason Stabell acquired 9,139 shares of Epsilon Energy stock in a transaction that occurred on Friday, August 16th. The stock was acquired at an average cost of $5.28 per share, for a total transaction of $48,253.92. Following the purchase, the chief executive officer now owns 396,339 shares of the company’s stock, valued at approximately $2,092,669.92. This represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 5.53% of the stock is currently owned by corporate insiders.

Epsilon Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, September 13th were given a $0.063 dividend. This represents a $0.25 annualized dividend and a dividend yield of 4.18%. The ex-dividend date of this dividend was Friday, September 13th. Epsilon Energy’s dividend payout ratio (DPR) is currently 108.70%.

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.