Epsilon Energy (NASDAQ:EPSN) Announces Quarterly Earnings Results, Beats Estimates By $0.17 EPS

Epsilon Energy (NASDAQ:EPSN) issued its quarterly earnings data on Tuesday. The company reported $0.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.04 by $0.17, Zacks reports. Epsilon Energy had a return on equity of 8.27% and a net margin of 12.86%.

Epsilon Energy Stock Performance

Shares of EPSN opened at $6.20 on Wednesday. Epsilon Energy has a 1 year low of $4.20 and a 1 year high of $8.50. The company’s 50 day simple moving average is $5.09 and its 200 day simple moving average is $4.95. The company has a market capitalization of $185.32 million, a price-to-earnings ratio of 22.96 and a beta of -0.07.

Epsilon Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Friday, March 13th will be issued a $0.0625 dividend. This represents a $0.25 dividend on an annualized basis and a yield of 4.0%. The ex-dividend date is Friday, March 13th. Epsilon Energy’s dividend payout ratio is 92.59%.

Epsilon Energy declared that its board has authorized a share repurchase plan on Thursday, February 26th that permits the company to repurchase $0.00 in shares. This repurchase authorization permits the company to reacquire shares of its stock through open market purchases. Shares repurchase plans are usually an indication that the company’s board of directors believes its stock is undervalued.

Wall Street Analysts Forecast Growth

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

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. Yorktown Energy Partners XI L.P. acquired a new position in Epsilon Energy in the fourth quarter valued at $12,897,000. Yorktown Energy Partners X L.P. acquired a new stake in Epsilon Energy during the fourth quarter worth about $12,327,000. Yorktown Energy Partners IX L.P. purchased a new position in shares of Epsilon Energy in the 4th quarter worth about $5,480,000. Dimensional Fund Advisors LP lifted its stake in shares of Epsilon Energy by 0.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 794,062 shares of the company’s stock valued at $3,685,000 after purchasing an additional 3,047 shares in the last quarter. Finally, Geode Capital Management LLC lifted its stake in shares of Epsilon Energy by 95.3% in the 2nd quarter. Geode Capital Management LLC now owns 486,684 shares of the company’s stock valued at $3,592,000 after purchasing an additional 237,507 shares in the last quarter. Hedge funds and other institutional investors own 60.33% of the company’s stock.

About Epsilon Energy

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.