Epsilon Energy (NASDAQ:EPSN) Posts Earnings Results

Epsilon Energy (NASDAQ:EPSN) posted its quarterly earnings data on Wednesday. The company reported $0.09 EPS for the quarter, topping the consensus estimate of $0.03 by $0.06, Zacks reports. The business had revenue of $8.98 million during the quarter, compared to the consensus estimate of $11.50 million. Epsilon Energy had a net margin of 11.75% and a return on equity of 6.71%.

Epsilon Energy Price Performance

NASDAQ:EPSN traded down $0.04 during trading hours on Friday, reaching $4.60. The company had a trading volume of 29,607 shares, compared to its average volume of 124,184. Epsilon Energy has a 1-year low of $4.60 and a 1-year high of $8.50. The business’s 50 day moving average price is $5.12 and its 200-day moving average price is $6.29. The firm has a market cap of $101.47 million, a PE ratio of 19.04 and a beta of 0.04.

Epsilon Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th were issued a $0.0625 dividend. The ex-dividend date of this dividend was Monday, September 15th. This represents a $0.25 dividend on an annualized basis and a yield of 5.4%. Epsilon Energy’s payout ratio is presently 104.17%.

Insider Buying and Selling

In related news, major shareholder Solas Capital Management, Llc sold 25,000 shares of the firm’s stock in a transaction on Monday, September 29th. The shares were sold at an average price of $5.03, for a total transaction of $125,750.00. Following the sale, the insider owned 3,619,613 shares in the company, valued at approximately $18,206,653.39. This trade represents a 0.69% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Andrew Williamson acquired 12,500 shares of the business’s stock in a transaction on Tuesday, September 30th. The stock was purchased at an average cost of $4.94 per share, with a total value of $61,750.00. Following the acquisition, the chief financial officer directly owned 72,500 shares of the company’s stock, valued at $358,150. This represents a 20.83% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders have sold a total of 74,427 shares of company stock worth $382,509 in the last ninety days. Corporate insiders own 7.10% of the company’s stock.

Institutional Investors Weigh In On Epsilon Energy

A number of institutional investors have recently modified their holdings of EPSN. Osaic Holdings Inc. raised its stake in shares of Epsilon Energy by 1,014.3% during the 2nd quarter. Osaic Holdings Inc. now owns 7,800 shares of the company’s stock worth $58,000 after buying an additional 7,100 shares during the period. JPMorgan Chase & Co. raised its holdings in shares of Epsilon Energy by 23,847.4% during the second quarter. JPMorgan Chase & Co. now owns 9,100 shares of the company’s stock valued at $67,000 after acquiring an additional 9,062 shares during the last quarter. Cubist Systematic Strategies LLC purchased a new position in shares of Epsilon Energy in the first quarter valued at approximately $77,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in shares of Epsilon Energy in the second quarter worth approximately $78,000. Finally, Invesco Ltd. acquired a new stake in shares of Epsilon Energy in the second quarter worth approximately $94,000. 60.33% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

EPSN has been the subject of several research analyst reports. Wall Street Zen cut Epsilon Energy from a “buy” rating to a “hold” rating in a research note on Sunday, August 17th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Epsilon Energy in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $8.40.

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.