Epsilon Energy Ltd. (NASDAQ:EPSN) Sees Large Increase in Short Interest

Epsilon Energy Ltd. (NASDAQ:EPSN) was the target of a large growth in short interest in the month of March. As of March 31st, there was short interest totalling 48,500 shares, a growth of 40.2% from the March 15th total of 34,600 shares. Based on an average daily volume of 46,300 shares, the days-to-cover ratio is presently 1.0 days. Approximately 0.3% of the company’s stock are sold short.

Epsilon Energy Stock Performance

NASDAQ EPSN traded up $0.46 during trading on Friday, hitting $6.79. The stock had a trading volume of 52,282 shares, compared to its average volume of 41,407. Epsilon Energy has a 12 month low of $4.95 and a 12 month high of $7.32. The company’s 50-day moving average price is $6.64 and its two-hundred day moving average price is $6.24. The company has a market capitalization of $149.44 million, a PE ratio of 27.16 and a beta of 0.21.

Epsilon Energy (NASDAQ:EPSN) last announced its quarterly earnings data on Wednesday, March 19th. The company reported $0.04 EPS for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.01). The business had revenue of $8.94 million during the quarter, compared to the consensus estimate of $7.20 million. Epsilon Energy had a return on equity of 5.31% and a net margin of 16.97%. During the same period in the prior year, the firm earned $0.31 EPS. As a group, equities analysts anticipate that Epsilon Energy will post 0.2 earnings per share for the current fiscal year.

Epsilon Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Thursday, March 13th were paid a dividend of $0.0625 per share. The ex-dividend date was Thursday, March 13th. This represents a $0.25 dividend on an annualized basis and a dividend yield of 3.68%. Epsilon Energy’s dividend payout ratio is 250.00%.

Wall Street Analysts Forecast Growth

Separately, Roth Capital set a $8.40 price objective on shares of Epsilon Energy in a research report on Thursday, April 3rd.

Institutional Trading of Epsilon Energy

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Geode Capital Management LLC boosted its position in Epsilon Energy by 11.2% during the third quarter. Geode Capital Management LLC now owns 243,147 shares of the company’s stock valued at $1,425,000 after purchasing an additional 24,437 shares during the last quarter. Barclays PLC acquired a new stake in shares of Epsilon Energy in the 3rd quarter valued at approximately $54,000. Y Intercept Hong Kong Ltd bought a new position in shares of Epsilon Energy in the fourth quarter valued at $82,000. Empowered Funds LLC increased its holdings in Epsilon Energy by 4.8% during the fourth quarter. Empowered Funds LLC now owns 90,366 shares of the company’s stock worth $561,000 after buying an additional 4,115 shares during the last quarter. Finally, Truffle Hound Capital LLC acquired a new position in Epsilon Energy during the fourth quarter worth $1,490,000. Institutional investors and hedge funds own 60.33% of the company’s stock.

Epsilon Energy Company Profile

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.