Epsilon Energy Ltd. (NASDAQ:EPSN) Short Interest Update

Epsilon Energy Ltd. (NASDAQ:EPSN) was the recipient of a large increase in short interest during the month of March. As of March 15th, there was short interest totalling 34,600 shares, an increase of 22.7% from the February 28th total of 28,200 shares. Currently, 0.2% of the shares of the company are sold short. Based on an average daily trading volume, of 41,400 shares, the days-to-cover ratio is currently 0.8 days.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Geode Capital Management LLC lifted its position in shares of Epsilon Energy by 11.2% in the 3rd quarter. Geode Capital Management LLC now owns 243,147 shares of the company’s stock valued at $1,425,000 after acquiring an additional 24,437 shares in the last quarter. Barclays PLC acquired a new stake in Epsilon Energy during the 3rd quarter valued at $54,000. Y Intercept Hong Kong Ltd purchased a new stake in shares of Epsilon Energy in the fourth quarter valued at $82,000. Empowered Funds LLC boosted its position in shares of Epsilon Energy by 4.8% in the fourth quarter. Empowered Funds LLC now owns 90,366 shares of the company’s stock worth $561,000 after buying an additional 4,115 shares during the period. Finally, Mcintyre Freedman & Flynn Investment Advisers Inc. grew its holdings in shares of Epsilon Energy by 1.5% during the fourth quarter. Mcintyre Freedman & Flynn Investment Advisers Inc. now owns 117,077 shares of the company’s stock valued at $727,000 after buying an additional 1,677 shares in the last quarter. 60.33% of the stock is owned by institutional investors and hedge funds.

Epsilon Energy Stock Up 1.5 %

NASDAQ EPSN traded up $0.11 during trading hours on Wednesday, hitting $7.23. The company had a trading volume of 29,282 shares, compared to its average volume of 40,503. Epsilon Energy has a fifty-two week low of $4.95 and a fifty-two week high of $7.32. The firm has a market cap of $159.13 million, a P/E ratio of 28.92 and a beta of 0.33. The business has a fifty day simple moving average of $6.57 and a 200-day simple moving average of $6.15.

Epsilon Energy (NASDAQ:EPSN) last posted its earnings results on Wednesday, March 19th. The company reported $0.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.01). The firm had revenue of $8.94 million for the quarter, compared to analyst estimates of $7.20 million. Epsilon Energy had a net margin of 16.97% and a return on equity of 5.31%. During the same period in the previous year, the firm earned $0.31 earnings per share. Equities analysts forecast that Epsilon Energy will post 0.2 EPS for the current fiscal year.

Epsilon Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Thursday, March 13th were issued a $0.0625 dividend. The ex-dividend date was Thursday, March 13th. This represents a $0.25 annualized dividend and a dividend yield of 3.46%. Epsilon Energy’s dividend payout ratio (DPR) is 250.00%.

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.