Share Buyback Program Authorized by Epsilon Energy (NASDAQ:EPSN) Board

Epsilon Energy (NASDAQ:EPSN) declared that its board has approved a stock buyback program on Thursday, February 26th, RTT News reports. The company plans to repurchase $0.00 in shares. This repurchase authorization authorizes the company to buy shares of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s management believes its stock is undervalued.

Epsilon Energy Price Performance

Shares of NASDAQ EPSN opened at $5.12 on Friday. The company has a market cap of $153.04 million, a P/E ratio of 18.96 and a beta of -0.05. Epsilon Energy has a 1 year low of $4.20 and a 1 year high of $8.50. The firm has a 50-day simple moving average of $4.71 and a two-hundred day simple moving average of $4.97.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Epsilon Energy in a research note on Thursday, January 22nd. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $8.40.

Insider Transactions at Epsilon Energy

In related news, major shareholder Solas Capital Management, Llc sold 9,427 shares of Epsilon Energy stock in a transaction on Monday, December 22nd. The shares were sold at an average price of $4.59, for a total value of $43,269.93. Following the sale, the insider owned 3,545,186 shares of the company’s stock, valued at approximately $16,272,403.74. This trade represents a 0.27% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last 90 days, insiders have sold 74,427 shares of company stock valued at $346,720. 7.10% of the stock is currently owned by company insiders.

Epsilon Energy Company Profile

Epsilon Energy (NASDAQ: EPSN) is an independent exploration and production company specializing in the acquisition, development and production of unconventional and conventional oil and natural gas properties. Originally founded as Brewster Energy in 2002 and rebranded to Epsilon Energy in 2011, the company pursues a disciplined approach to resource development, leveraging its technical expertise to optimize well performance and manage operational costs.

The company’s core asset base is concentrated in the Appalachian Basin, where it holds acreage in key shale formations across Pennsylvania, West Virginia and Ohio.