Epsilon Energy Ltd. (EPSN) To Go Ex-Dividend on December 16th

Epsilon Energy Ltd. (NASDAQ:EPSN) declared a quarterly dividend on Wednesday, November 20th,Wall Street Journal reports. Investors of record on Monday, December 16th will be given a dividend of 0.0625 per share on Tuesday, December 31st. This represents a $0.25 dividend on an annualized basis and a dividend yield of 4.16%. The ex-dividend date of this dividend is Monday, December 16th.

Epsilon Energy has a payout ratio of 67.6% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Epsilon Energy to earn $0.37 per share next year, which means the company should continue to be able to cover its $0.25 annual dividend with an expected future payout ratio of 67.6%.

Epsilon Energy Stock Performance

Shares of NASDAQ EPSN opened at $6.01 on Friday. Epsilon Energy has a 1 year low of $4.70 and a 1 year high of $6.20. The stock has a fifty day moving average price of $5.90 and a two-hundred day moving average price of $5.56. The firm has a market cap of $131.38 million, a P/E ratio of 24.04 and a beta of 0.39.

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

Analysts Set New Price Targets

Several equities analysts have recently issued reports on EPSN shares. Roth Capital upgraded shares of Epsilon Energy to a “strong-buy” rating in a report on Tuesday, October 1st. Roth Mkm assumed 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.

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.