Roth Capital Weighs in on Epsilon Energy Ltd.’s Q3 2024 Earnings (NASDAQ:EPSN)

Epsilon Energy Ltd. (NASDAQ:EPSN) – Equities research analysts at Roth Capital issued their Q3 2024 EPS estimates for Epsilon Energy in a research note issued on Tuesday, October 1st. Roth Capital analyst J. White anticipates that the company will earn $0.05 per share for the quarter. Roth Capital has a “Strong-Buy” rating on the stock. Roth Capital also issued estimates for Epsilon Energy’s Q4 2024 earnings at $0.07 EPS, FY2024 earnings at $0.24 EPS, Q1 2025 earnings at $0.12 EPS, Q2 2025 earnings at $0.14 EPS, Q3 2025 earnings at $0.19 EPS, Q4 2025 earnings at $0.12 EPS and FY2025 earnings at $0.56 EPS.

Separately, Roth Mkm started coverage on shares of Epsilon Energy in a research report on Tuesday. They set a “buy” rating and a $7.00 price target on the stock.

Epsilon Energy Price Performance

Shares of Epsilon Energy stock opened at $5.78 on Thursday. The stock has a market capitalization of $126.71 million, a price-to-earnings ratio of 25.13 and a beta of 0.39. The business has a 50-day moving average of $5.36 and a 200 day moving average of $5.37. Epsilon Energy has a 12 month low of $4.70 and a 12 month high of $6.20.

Epsilon Energy (NASDAQ:EPSN) last released its quarterly earnings results on Tuesday, August 13th. The company reported $0.04 EPS for the quarter. The business had revenue of $7.31 million during the quarter. Epsilon Energy had a return on equity of 5.31% and a net margin of 17.59%.

Epsilon Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, September 13th were paid a $0.063 dividend. The ex-dividend date was Friday, September 13th. This represents a $0.25 annualized dividend and a dividend yield of 4.36%. Epsilon Energy’s dividend payout ratio (DPR) is 108.70%.

Insider Transactions at Epsilon Energy

In related news, CEO Jason Stabell bought 9,139 shares of the firm’s stock in a transaction that occurred on Friday, August 16th. The stock was purchased at an average cost of $5.28 per share, for a total transaction of $48,253.92. Following the completion of the acquisition, the chief executive officer now owns 396,339 shares in the company, valued at approximately $2,092,669.92. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 5.53% of the company’s stock.

Institutional Trading of Epsilon Energy

Hedge funds have recently added to or reduced their stakes in the company. Perritt Capital Management Inc purchased a new position in Epsilon Energy in the second quarter worth approximately $109,000. Meixler Investment Management Ltd. raised 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 valued at $178,000 after purchasing an additional 20,050 shares in the last quarter. International Assets Investment Management LLC lifted its position in shares of Epsilon Energy by 47.3% during the 1st quarter. International Assets Investment Management LLC now owns 37,705 shares of the company’s stock worth $207,000 after purchasing an additional 12,110 shares during the last quarter. Empowered Funds LLC lifted its position in shares of Epsilon Energy by 8.1% during the 1st quarter. Empowered Funds LLC now owns 76,203 shares of the company’s stock worth $419,000 after purchasing an additional 5,742 shares during the last quarter. Finally, Mcintyre Freedman & Flynn Investment Advisers Inc. grew its stake in shares of Epsilon Energy by 1.8% during the fourth quarter. Mcintyre Freedman & Flynn Investment Advisers Inc. now owns 114,400 shares of the company’s stock worth $581,000 after purchasing an additional 2,000 shares in the last quarter. Institutional investors and hedge funds own 60.33% of the company’s stock.

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.