Epsilon Energy Ltd. (NASDAQ:EPSN) Sees Large Drop in Short Interest

Epsilon Energy Ltd. (NASDAQ:EPSN) was the recipient of a large decrease in short interest in the month of November. As of November 15th, there was short interest totalling 17,800 shares, a decrease of 67.0% from the October 31st total of 53,900 shares. Based on an average daily volume of 51,500 shares, the short-interest ratio is presently 0.3 days. Currently, 0.1% of the company’s stock are sold short.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its holdings in Epsilon Energy by 0.3% in the first quarter. Vanguard Group Inc. now owns 958,204 shares of the company’s stock worth $5,265,000 after acquiring an additional 2,537 shares in the last quarter. Meixler Investment Management Ltd. raised its position in shares of Epsilon Energy by 159.7% in the 2nd quarter. Meixler Investment Management Ltd. now owns 32,605 shares of the company’s stock valued at $178,000 after purchasing an additional 20,050 shares during the last quarter. Perritt Capital Management Inc acquired a new stake in Epsilon Energy in the 2nd quarter worth approximately $109,000. International Assets Investment Management LLC grew its position in Epsilon Energy by 696.4% during the 3rd quarter. International Assets Investment Management LLC now owns 288,341 shares of the company’s stock worth $1,690,000 after purchasing an additional 252,136 shares during the last quarter. Finally, Empowered Funds LLC increased its stake in Epsilon Energy by 5.2% during the 3rd quarter. Empowered Funds LLC now owns 86,251 shares of the company’s stock valued at $505,000 after purchasing an additional 4,288 shares in the last quarter. 60.33% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Epsilon Energy Stock Performance

EPSN traded up $0.01 on Wednesday, hitting $5.78. The company had a trading volume of 11,551 shares, compared to its average volume of 45,594. The stock has a market capitalization of $126.33 million, a price-to-earnings ratio of 23.12 and a beta of 0.40. The stock has a fifty day moving average price of $5.84 and a 200-day moving average price of $5.52. Epsilon Energy has a 12-month low of $4.70 and a 12-month high of $6.20.

Epsilon Energy (NASDAQ:EPSN) last issued its quarterly earnings data on Wednesday, November 6th. The company reported $0.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.02). Epsilon Energy had a return on equity of 5.31% and a net margin of 16.97%. The firm had revenue of $7.29 million during the quarter, compared to analysts’ expectations of $6.89 million. During the same period in the previous year, the firm earned $0.02 EPS. Analysts forecast that Epsilon Energy will post 0.2 EPS for the current fiscal year.

Epsilon Energy Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th will be issued a dividend of $0.0625 per share. The ex-dividend date of this dividend is Monday, December 16th. This represents a $0.25 annualized dividend and a dividend yield of 4.33%. Epsilon Energy’s dividend payout ratio is presently 100.00%.

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.