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

Epsilon Energy Ltd. (NASDAQ:EPSN) was the target of a large increase in short interest in the month of December. As of December 15th, there was short interest totalling 50,800 shares, an increase of 45.6% from the November 30th total of 34,900 shares. Based on an average daily trading volume, of 28,700 shares, the short-interest ratio is currently 1.8 days. Approximately 0.3% of the company’s shares are short sold.

Epsilon Energy Stock Up 3.4 %

Shares of EPSN traded up $0.20 during trading on Monday, reaching $6.07. 5,135 shares of the company traded hands, compared to its average volume of 43,787. The stock has a 50-day simple moving average of $5.86 and a 200-day simple moving average of $5.60. The stock has a market cap of $132.67 million, a PE ratio of 24.28 and a beta of 0.39. Epsilon Energy has a twelve month low of $4.70 and a twelve month high of $6.20.

Epsilon Energy (NASDAQ:EPSN) last posted its earnings results on Wednesday, November 6th. The company reported $0.02 earnings per share for the quarter, missing the consensus estimate of $0.04 by ($0.02). Epsilon Energy had a net margin of 16.97% and a return on equity of 5.31%. The company had revenue of $7.29 million during the quarter, compared to analyst estimates of $6.89 million. During the same quarter last year, the business posted $0.02 EPS. On average, equities research analysts predict that Epsilon Energy will post 0.2 EPS for the current year.

Epsilon Energy Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th will be paid a dividend of $0.0625 per share. The ex-dividend date of this dividend is Monday, December 16th. This represents a $0.25 dividend on an annualized basis and a yield of 4.12%. Epsilon Energy’s dividend payout ratio (DPR) is presently 100.00%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Barclays PLC acquired a new stake in Epsilon Energy during the 3rd quarter worth approximately $54,000. Perritt Capital Management Inc purchased a new stake in shares of Epsilon Energy during the second quarter worth $109,000. Empowered Funds LLC raised its stake in shares of Epsilon Energy by 5.2% in the third quarter. Empowered Funds LLC now owns 86,251 shares of the company’s stock valued at $505,000 after acquiring an additional 4,288 shares in the last quarter. De Lisle Partners LLP boosted its holdings in Epsilon Energy by 14.3% in the third quarter. De Lisle Partners LLP now owns 146,411 shares of the company’s stock valued at $856,000 after purchasing an additional 18,317 shares during the period. Finally, Geode Capital Management LLC grew its stake in Epsilon Energy by 11.2% during the 3rd quarter. Geode Capital Management LLC now owns 243,147 shares of the company’s stock worth $1,425,000 after purchasing an additional 24,437 shares in the last quarter. Hedge funds and other institutional investors own 60.33% of the company’s stock.

Wall Street Analysts Forecast Growth

EPSN has been the subject of several recent analyst reports. Roth Mkm started coverage on Epsilon Energy in a research note on Tuesday, October 1st. They set a “buy” rating and a $7.00 target price for the company. Roth Capital upgraded Epsilon Energy to a “strong-buy” rating in a report on Tuesday, October 1st.

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.