Epsilon Energy Ltd. (NASDAQ:EPSN) Short Interest Update

Epsilon Energy Ltd. (NASDAQ:EPSN) was the recipient of a large increase in short interest in the month of December. As of December 15th, there was short interest totaling 671,442 shares, an increase of 26.0% from the November 30th total of 532,711 shares. Currently, 3.3% of the company’s stock are short sold. Based on an average daily volume of 110,799 shares, the short-interest ratio is presently 6.1 days. Based on an average daily volume of 110,799 shares, the short-interest ratio is presently 6.1 days. Currently, 3.3% of the company’s stock are short sold.

Insider Transactions at Epsilon Energy

In other Epsilon Energy news, major shareholder Solas Capital Management, Llc sold 40,000 shares of Epsilon Energy stock in a transaction dated Friday, December 19th. The stock was sold at an average price of $4.63, for a total value of $185,200.00. Following the sale, the insider owned 3,554,613 shares of the company’s stock, valued at $16,457,858.19. This trade represents a 1.11% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In the last three months, insiders sold 74,427 shares of company stock worth $346,720. 7.10% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Epsilon Energy

Several hedge funds and other institutional investors have recently made changes to their positions in EPSN. BNP Paribas Financial Markets raised its position in Epsilon Energy by 179.8% during the third quarter. BNP Paribas Financial Markets now owns 6,394 shares of the company’s stock worth $32,000 after acquiring an additional 4,109 shares in the last quarter. Police & Firemen s Retirement System of New Jersey acquired a new position in shares of Epsilon Energy during the 2nd quarter worth about $33,000. Osaic Holdings Inc. lifted its stake in Epsilon Energy by 1,014.3% in the 2nd quarter. Osaic Holdings Inc. now owns 7,800 shares of the company’s stock valued at $58,000 after purchasing an additional 7,100 shares during the last quarter. NewEdge Advisors LLC bought a new position in Epsilon Energy during the third quarter worth about $62,000. Finally, JPMorgan Chase & Co. grew its holdings in Epsilon Energy by 23,847.4% during the second quarter. JPMorgan Chase & Co. now owns 9,100 shares of the company’s stock worth $67,000 after purchasing an additional 9,062 shares during the period. 60.33% of the stock is owned by institutional investors.

Epsilon Energy Trading Down 0.4%

Shares of EPSN stock opened at $4.70 on Wednesday. The firm’s fifty day moving average price is $4.80 and its two-hundred day moving average price is $5.66. Epsilon Energy has a 1 year low of $4.36 and a 1 year high of $8.50. The firm has a market capitalization of $103.71 million, a P/E ratio of 17.41 and a beta of -0.01.

Epsilon Energy (NASDAQ:EPSN) last announced its quarterly earnings data on Wednesday, November 5th. The company reported $0.09 earnings per share for the quarter, beating the consensus estimate of $0.03 by $0.06. Epsilon Energy had a return on equity of 8.27% and a net margin of 12.86%.The company had revenue of $8.98 million during the quarter, compared to analysts’ expectations of $11.50 million. As a group, equities research analysts forecast that Epsilon Energy will post 0.2 EPS for the current fiscal year.

Epsilon Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Monday, December 15th will be paid a dividend of $0.0625 per share. The ex-dividend date is Monday, December 15th. This represents a $0.25 dividend on an annualized basis and a dividend yield of 5.3%. Epsilon Energy’s dividend payout ratio is currently 92.59%.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “hold (c-)” rating on shares of Epsilon Energy in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $8.40.

Epsilon Energy Company Profile

Epsilon Energy (NASDAQ: EPSN) is an independent exploration and production company specializing in the acquisition, development and production of unconventional and conventional oil and natural gas properties. Originally founded as Brewster Energy in 2002 and rebranded to Epsilon Energy in 2011, the company pursues a disciplined approach to resource development, leveraging its technical expertise to optimize well performance and manage operational costs.

The company’s core asset base is concentrated in the Appalachian Basin, where it holds acreage in key shale formations across Pennsylvania, West Virginia and Ohio.