Epsilon Energy Ltd. (NASDAQ:EPSN) Plans Quarterly Dividend of $0.06

Epsilon Energy Ltd. (NASDAQ:EPSN) declared a quarterly dividend on Wednesday, November 27th,Wall Street Journal reports. Stockholders 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 4.33%. The ex-dividend date is Monday, December 16th.

Epsilon Energy has a payout ratio of 67.6% meaning its dividend is sufficiently covered by earnings. 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 Price Performance

EPSN stock traded up $0.01 on Wednesday, hitting $5.78. 11,551 shares of the company were exchanged, compared to its average volume of 45,579. Epsilon Energy has a twelve month low of $4.70 and a twelve month high of $6.20. The business’s fifty day moving average is $5.84 and its two-hundred day moving average is $5.52. The stock has a market capitalization of $126.33 million, a price-to-earnings ratio of 23.08 and a beta of 0.40.

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

Analyst Upgrades and Downgrades

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

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.