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

Epsilon Energy Ltd. (NASDAQ:EPSN) saw a large growth in short interest in March. As of March 15th, there was short interest totalling 34,600 shares, a growth of 22.7% from the February 28th total of 28,200 shares. Based on an average trading volume of 41,400 shares, the short-interest ratio is currently 0.8 days. Approximately 0.2% of the company’s stock are sold short.

Epsilon Energy Stock Performance

Shares of NASDAQ:EPSN traded down $0.27 during trading hours on Thursday, reaching $6.96. The stock had a trading volume of 10,298 shares, compared to its average volume of 40,487. Epsilon Energy has a 1 year low of $4.95 and a 1 year high of $7.32. The firm’s 50 day moving average is $6.58 and its 200-day moving average is $6.16. The stock has a market capitalization of $153.18 million, a price-to-earnings ratio of 27.84 and a beta of 0.33.

Epsilon Energy (NASDAQ:EPSN) last posted its earnings results on Wednesday, March 19th. The company reported $0.04 EPS for the quarter, missing the consensus estimate of $0.05 by ($0.01). The business had revenue of $8.94 million during the quarter, compared to analysts’ expectations of $7.20 million. Epsilon Energy had a net margin of 16.97% and a return on equity of 5.31%. During the same period last year, the company earned $0.31 EPS. Analysts forecast that Epsilon Energy will post 0.2 EPS for the current year.

Epsilon Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Thursday, March 13th were given a dividend of $0.0625 per share. This represents a $0.25 annualized dividend and a dividend yield of 3.59%. The ex-dividend date was Thursday, March 13th. Epsilon Energy’s dividend payout ratio (DPR) is presently 250.00%.

Institutional Investors Weigh In On Epsilon Energy

Several institutional investors have recently added to or reduced their stakes in the business. Barclays PLC acquired a new stake in Epsilon Energy during the third quarter worth approximately $54,000. Geode Capital Management LLC grew its position in shares of Epsilon Energy by 11.2% in the 3rd quarter. Geode Capital Management LLC now owns 243,147 shares of the company’s stock valued at $1,425,000 after buying an additional 24,437 shares during the last quarter. Empowered Funds LLC raised its stake in Epsilon Energy by 4.8% during the 4th quarter. Empowered Funds LLC now owns 90,366 shares of the company’s stock worth $561,000 after acquiring an additional 4,115 shares in the last quarter. Meixler Investment Management Ltd. lifted its position in Epsilon Energy by 22.6% in the fourth quarter. Meixler Investment Management Ltd. now owns 28,580 shares of the company’s stock valued at $177,000 after acquiring an additional 5,275 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd acquired a new position in Epsilon Energy in the fourth quarter valued at $82,000. Hedge funds and other institutional investors 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.