Epsilon Energy Ltd. (NASDAQ:EPSN - Get Free Report) was the target of a large decline in short interest during the month of September. As of September 30th, there was short interest totalling 31,700 shares, a decline of 17.4% from the September 15th total of 38,400 shares. Approximately 0.2% of the shares of the company are sold short. Based on an average daily volume of 65,200 shares, the days-to-cover ratio is presently 0.5 days.
EPSN opened at $6.07 on Monday. The firm has a fifty day moving average price of $5.43 and a 200 day moving average price of $5.41. Epsilon Energy has a 1 year low of $4.70 and a 1 year high of $6.20. The stock has a market cap of $133.07 million, a P/E ratio of 26.39 and a beta of 0.39.
Epsilon Energy (NASDAQ:EPSN - Get Free Report) last released its quarterly earnings data on Tuesday, August 13th. The company reported $0.04 earnings per share for the quarter. Epsilon Energy had a net margin of 17.59% and a return on equity of 5.31%. The company had revenue of $7.31 million during the quarter. Equities analysts expect that Epsilon Energy will post 0.24 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, September 13th were given a dividend of $0.063 per share. The ex-dividend date was Friday, September 13th. This represents a $0.25 dividend on an annualized basis and a yield of 4.15%. Epsilon Energy's dividend payout ratio is currently 108.70%.
Several equities research analysts have commented on EPSN shares. Roth Mkm assumed coverage on shares of Epsilon Energy in a report on Tuesday, October 1st. They issued a "buy" rating and a $7.00 price target on the stock. Roth Capital raised Epsilon Energy to a "strong-buy" rating in a report on Tuesday, October 1st.
Check Out Our Latest Analysis on EPSN
In other 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 price of $5.28 per share, with a total value of $48,253.92. Following the completion of the acquisition, the chief executive officer now directly owns 396,339 shares of the company's stock, valued at $2,092,669.92. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 5.53% of the company's stock.
Institutional investors have recently bought and sold shares of the business. Perritt Capital Management Inc purchased a new stake in shares of Epsilon Energy during the second quarter worth about $109,000. Meixler Investment Management Ltd. raised its holdings in shares of Epsilon Energy by 159.7% during the second quarter. Meixler Investment Management Ltd. now owns 32,605 shares of the company's stock valued at $178,000 after acquiring an additional 20,050 shares during the last quarter. International Assets Investment Management LLC raised its holdings in shares of Epsilon Energy by 47.3% during the first quarter. International Assets Investment Management LLC now owns 37,705 shares of the company's stock valued at $207,000 after acquiring an additional 12,110 shares during the last quarter. Empowered Funds LLC lifted its position in shares of Epsilon Energy by 8.1% in the first quarter. Empowered Funds LLC now owns 76,203 shares of the company's stock valued at $419,000 after acquiring an additional 5,742 shares in the last quarter. Finally, Vanguard Group Inc. boosted its stake in shares of Epsilon Energy by 0.3% in the first 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 during the last quarter. 60.33% of the stock is owned by institutional investors and hedge funds.
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.
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected].
Before you consider Epsilon Energy, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Epsilon Energy wasn't on the list.
While Epsilon Energy currently has a "Strong Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.