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

Epsilon Energy Ltd. (NASDAQ:EPSN) was the recipient of a large growth in short interest in the month of December. As of December 15th, there was short interest totalling 50,800 shares, a growth of 45.6% from the November 30th total of 34,900 shares. Based on an average daily volume of 28,700 shares, the short-interest ratio is currently 1.8 days. Approximately 0.3% of the shares of the stock are sold short.

Epsilon Energy Stock Up 3.4 %

NASDAQ EPSN traded up $0.20 on Monday, reaching $6.07. The company had a trading volume of 5,226 shares, compared to its average volume of 43,788. The firm’s 50 day moving average price is $5.86 and its 200 day moving average price is $5.60. Epsilon Energy has a 12 month low of $4.70 and a 12 month high of $6.20. The stock has a market capitalization of $132.67 million, a PE ratio of 24.28 and a beta of 0.39.

Epsilon Energy (NASDAQ:EPSN) last posted its earnings results on Wednesday, November 6th. The company reported $0.02 EPS for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.02). Epsilon Energy had a return on equity of 5.31% and a net margin of 16.97%. The firm had revenue of $7.29 million during the quarter, compared to analysts’ expectations of $6.89 million. During the same quarter in the prior year, the firm posted $0.02 earnings per share. On average, research analysts expect that Epsilon Energy will post 0.2 EPS for the current year.

Epsilon Energy Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Monday, December 16th will be given a $0.0625 dividend. This represents a $0.25 annualized dividend and a yield of 4.12%. The ex-dividend date is Monday, December 16th. Epsilon Energy’s dividend payout ratio is presently 100.00%.

Analysts Set New Price Targets

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

Hedge Funds Weigh In On Epsilon Energy

Several institutional investors have recently bought and sold shares of EPSN. Barclays PLC bought a new stake in shares of Epsilon Energy in the 3rd quarter valued at approximately $54,000. Perritt Capital Management Inc purchased a new stake in Epsilon Energy during the 2nd quarter valued at $109,000. Empowered Funds LLC lifted its position in Epsilon Energy by 5.2% in the third quarter. Empowered Funds LLC now owns 86,251 shares of the company’s stock worth $505,000 after buying an additional 4,288 shares during the last quarter. De Lisle Partners LLP lifted its position in Epsilon Energy by 14.3% in the third quarter. De Lisle Partners LLP now owns 146,411 shares of the company’s stock worth $856,000 after buying an additional 18,317 shares during the last quarter. Finally, Geode Capital Management LLC boosted its stake in Epsilon Energy by 11.2% during the third quarter. Geode Capital Management LLC now owns 243,147 shares of the company’s stock worth $1,425,000 after buying an additional 24,437 shares during the period. 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.