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

Epsilon Energy Ltd. (NASDAQ:EPSN) was the recipient of a significant increase in short interest in the month of October. As of October 15th, there was short interest totalling 39,200 shares, an increase of 23.7% from the September 30th total of 31,700 shares. Based on an average daily trading volume, of 60,900 shares, the days-to-cover ratio is currently 0.6 days. Currently, 0.2% of the company’s shares are sold short.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. Roth Capital upgraded Epsilon Energy to a “strong-buy” rating in a report on Tuesday, October 1st. Roth Mkm assumed coverage on Epsilon Energy in a report on Tuesday, October 1st. They set a “buy” rating and a $7.00 price objective on the stock.

Insider Transactions at Epsilon Energy

In other Epsilon Energy news, CEO Jason Stabell purchased 9,139 shares of Epsilon Energy stock in a transaction dated Friday, August 16th. The shares were 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 $2,092,669.92. This represents a 0.00 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Company insiders own 5.53% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the stock. Vanguard Group Inc. raised its position in shares of 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 acquiring an additional 2,537 shares in the last quarter. International Assets Investment Management LLC increased its position in Epsilon Energy by 696.4% during the 3rd quarter. International Assets Investment Management LLC now owns 288,341 shares of the company’s stock valued at $1,690,000 after buying an additional 252,136 shares in the last quarter. Empowered Funds LLC increased its position in Epsilon Energy by 8.1% during the 1st quarter. Empowered Funds LLC now owns 76,203 shares of the company’s stock valued at $419,000 after buying an additional 5,742 shares in the last quarter. Meixler Investment Management Ltd. increased its position in Epsilon Energy by 159.7% during the 2nd quarter. Meixler Investment Management Ltd. now owns 32,605 shares of the company’s stock valued at $178,000 after buying an additional 20,050 shares in the last quarter. Finally, Perritt Capital Management Inc acquired a new position in Epsilon Energy during the 2nd quarter valued at about $109,000. 60.33% of the stock is owned by institutional investors.

Epsilon Energy Stock Performance

EPSN traded down $0.04 during trading on Wednesday, hitting $5.82. 7,836 shares of the stock were exchanged, compared to its average volume of 47,800. The firm has a 50 day simple moving average of $5.60 and a 200 day simple moving average of $5.45. The firm has a market cap of $127.71 million, a price-to-earnings ratio of 25.30 and a beta of 0.39. Epsilon Energy has a 1 year low of $4.70 and a 1 year 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 firm 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%. As a group, equities analysts anticipate that Epsilon Energy will post 0.24 earnings per share for the current fiscal year.

Epsilon Energy Dividend Announcement

The business 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 4.33%. The ex-dividend date was Friday, September 13th. Epsilon Energy’s payout ratio is 108.70%.

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.