Short Interest in Epsilon Energy Ltd. (NASDAQ:EPSN) Expands By 37.5%

Epsilon Energy Ltd. (NASDAQ:EPSN) saw a significant increase in short interest in the month of October. As of October 31st, there was short interest totalling 53,900 shares, an increase of 37.5% from the October 15th total of 39,200 shares. Based on an average trading volume of 57,200 shares, the days-to-cover ratio is currently 0.9 days. Currently, 0.3% of the shares of the company are short sold.

Analyst Ratings Changes

A number of research analysts have issued reports on EPSN shares. Roth Capital upgraded shares of Epsilon Energy to a “strong-buy” rating in a research note on Tuesday, October 1st. Roth Mkm assumed coverage on shares of Epsilon Energy in a research report on Tuesday, October 1st. They issued a “buy” rating and a $7.00 target price on the stock.

Insider Buying and Selling at Epsilon Energy

In related news, CEO Jason Stabell purchased 9,139 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the chief executive officer now owns 396,339 shares in the company, valued at approximately $2,092,669.92. The trade was a 2.36 % increase in their position. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. 5.53% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Epsilon Energy

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. International Assets Investment Management LLC boosted its holdings in shares of Epsilon Energy by 696.4% in the third quarter. International Assets Investment Management LLC now owns 288,341 shares of the company’s stock valued at $1,690,000 after acquiring an additional 252,136 shares during the period. Vanguard Group Inc. boosted its position in 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 acquiring an additional 2,537 shares during the last quarter. Empowered Funds LLC boosted its stake in Epsilon Energy by 8.1% in the 1st quarter. Empowered Funds LLC now owns 76,203 shares of the company’s stock worth $419,000 after buying an additional 5,742 shares during the last quarter. Perritt Capital Management Inc purchased a new position in Epsilon Energy during the second quarter worth approximately $109,000. Finally, De Lisle Partners LLP boosted its holdings in shares of Epsilon Energy by 14.3% in the 3rd quarter. De Lisle Partners LLP now owns 146,411 shares of the company’s stock valued at $856,000 after purchasing an additional 18,317 shares during the last quarter. 60.33% of the stock is owned by institutional investors and hedge funds.

Epsilon Energy Stock Up 2.6 %

Shares of EPSN traded up $0.15 during trading on Thursday, reaching $5.91. 15,066 shares of the company traded hands, compared to its average volume of 46,686. The stock has a 50-day simple moving average of $5.71 and a 200-day simple moving average of $5.49. Epsilon Energy has a twelve month low of $4.70 and a twelve month high of $6.20. The stock has a market cap of $129.17 million, a PE ratio of 23.64 and a beta of 0.40.

Epsilon Energy (NASDAQ:EPSN) last announced 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). The firm had revenue of $7.29 million for the quarter, compared to analysts’ expectations of $6.89 million. Epsilon Energy had a net margin of 16.97% and a return on equity of 5.31%. During the same quarter last year, the business earned $0.02 earnings per share. On average, equities research analysts predict that Epsilon Energy will post 0.2 EPS for the current year.

Epsilon Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Stockholders 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 annualized dividend and a dividend yield of 4.26%. Epsilon Energy’s dividend payout ratio (DPR) is currently 100.00%.

About Epsilon Energy

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.