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

Epsilon Energy Ltd. (NASDAQ:EPSN) saw a large 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. Currently, 0.2% of the shares of the company are sold short. Based on an average daily volume of 60,900 shares, the days-to-cover ratio is presently 0.6 days.

Analyst Ratings Changes

Several equities analysts recently issued reports on EPSN shares. Roth Mkm started coverage on shares of Epsilon Energy in a report on Tuesday, October 1st. They set a “buy” rating and a $7.00 price target for the company. Roth Capital upgraded shares of Epsilon Energy to a “strong-buy” rating in a research note on Tuesday, October 1st.

Insider Transactions at Epsilon Energy

In other news, CEO Jason Stabell acquired 9,139 shares of Epsilon Energy stock in a transaction on Friday, August 16th. The stock was bought at an average price of $5.28 per share, for a total transaction of $48,253.92. Following the transaction, the chief executive officer now owns 396,339 shares of the company’s stock, valued at $2,092,669.92. The trade was a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 5.53% of the company’s stock.

Hedge Funds Weigh In On Epsilon Energy

Several hedge funds have recently added to or reduced their stakes in the stock. Perritt Capital Management Inc bought a new stake in shares of Epsilon Energy in the 2nd quarter valued at about $109,000. Meixler Investment Management Ltd. grew its holdings in 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 purchasing an additional 20,050 shares during the period. Empowered Funds LLC raised its holdings in Epsilon Energy by 8.1% in the first 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 period. International Assets Investment Management LLC raised its holdings in Epsilon Energy by 696.4% in the third quarter. International Assets Investment Management LLC now owns 288,341 shares of the company’s stock worth $1,690,000 after purchasing an additional 252,136 shares during the period. Finally, Vanguard Group Inc. boosted its position in shares of Epsilon Energy by 0.3% during the first 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 in the last quarter. Institutional investors and hedge funds own 60.33% of the company’s stock.

Epsilon Energy Stock Performance

EPSN traded down $0.04 during mid-day trading on Wednesday, reaching $5.82. The stock had a trading volume of 7,836 shares, compared to its average volume of 47,800. The firm’s fifty day simple moving average is $5.60 and its two-hundred day simple moving average is $5.45. The stock has a market capitalization of $127.71 million, a P/E ratio of 25.30 and a beta of 0.39. Epsilon Energy has a 52 week low of $4.70 and a 52 week high of $6.20.

Epsilon Energy (NASDAQ:EPSN) last announced its quarterly earnings data on Tuesday, August 13th. The company reported $0.04 EPS for the quarter. Epsilon Energy had a return on equity of 5.31% and a net margin of 17.59%. The firm had revenue of $7.31 million during the quarter. As a group, analysts expect that Epsilon Energy will post 0.24 EPS for the current fiscal year.

Epsilon Energy Announces Dividend

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. The ex-dividend date was Friday, September 13th. This represents a $0.25 annualized dividend and a dividend yield of 4.33%. Epsilon Energy’s dividend payout ratio is currently 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.