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

Epsilon Energy Ltd. (NASDAQ:EPSN) saw a large growth in short interest in September. As of September 15th, there was short interest totalling 38,400 shares, a growth of 109.8% from the August 31st total of 18,300 shares. Currently, 0.2% of the shares of the company are short sold. Based on an average daily volume of 59,300 shares, the days-to-cover ratio is presently 0.6 days.

Insider Buying and Selling at Epsilon Energy

In other Epsilon Energy news, CEO Jason Stabell acquired 9,139 shares of the stock in a transaction on Friday, August 16th. The shares were bought at an average price of $5.28 per share, with a total value of $48,253.92. Following the acquisition, the chief executive officer now owns 396,339 shares of the company’s stock, valued at $2,092,669.92. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 5.53% of the stock is owned by corporate insiders.

Institutional Trading of Epsilon Energy

A number of institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its position in Epsilon Energy by 0.3% during the 1st quarter. Vanguard Group Inc. now owns 958,204 shares of the company’s stock worth $5,265,000 after purchasing an additional 2,537 shares during the period. Mcintyre Freedman & Flynn Investment Advisers Inc. boosted its position in Epsilon Energy by 1.8% in the 4th quarter. Mcintyre Freedman & Flynn Investment Advisers Inc. now owns 114,400 shares of the company’s stock valued at $581,000 after buying an additional 2,000 shares during the last quarter. Empowered Funds LLC boosted its position in Epsilon Energy by 8.1% in 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 during the last quarter. International Assets Investment Management LLC boosted its position in Epsilon Energy by 47.3% in the 1st quarter. International Assets Investment Management LLC now owns 37,705 shares of the company’s stock valued at $207,000 after buying an additional 12,110 shares during the last quarter. Finally, Meixler Investment Management Ltd. raised its stake 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. 60.33% of the stock is owned by hedge funds and other institutional investors.

Epsilon Energy Stock Down 0.5 %

Shares of Epsilon Energy stock traded down $0.03 during trading on Friday, hitting $5.61. 10,820 shares of the company were exchanged, compared to its average volume of 49,265. The firm has a 50 day moving average price of $5.31 and a 200 day moving average price of $5.35. The stock has a market capitalization of $122.98 million, a price-to-earnings ratio of 24.39 and a beta of 0.39. Epsilon Energy has a fifty-two week low of $4.70 and a fifty-two week high of $5.85.

Epsilon Energy (NASDAQ:EPSN) last issued its quarterly earnings results on Tuesday, August 13th. The company reported $0.04 earnings per share for the quarter. The company 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 company also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, September 13th will be issued a dividend of $0.063 per share. The ex-dividend date of this dividend is Friday, September 13th. This represents a $0.25 dividend on an annualized basis and a dividend yield of 4.49%. Epsilon Energy’s payout ratio is 108.70%.

About Epsilon Energy

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.