Epsilon Energy (NASDAQ:EPSN) to Repurchase $0.00 in Shares

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

Wall Street Analysts Forecast Growth

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

Epsilon Energy Trading Up 0.8%

NASDAQ:EPSN traded up $0.04 during midday trading on Thursday, hitting $4.91. 132,429 shares of the company were exchanged, compared to its average volume of 167,458. Epsilon Energy has a fifty-two week low of $4.20 and a fifty-two week high of $8.50. The company has a market capitalization of $146.76 million, a PE ratio of 18.19 and a beta of -0.05. The company has a fifty day simple moving average of $4.69 and a 200 day simple moving average of $4.99.

Insider Activity at Epsilon Energy

In other news, major shareholder Solas Capital Management, Llc sold 9,427 shares of the business’s stock in a transaction dated Monday, December 22nd. The stock was sold at an average price of $4.59, for a total value of $43,269.93. Following the completion of the sale, the insider directly owned 3,545,186 shares of the company’s stock, valued at approximately $16,272,403.74. The trade was a 0.27% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders sold a total of 74,427 shares of company stock worth $346,720 in the last 90 days. 7.10% of the stock is currently owned by 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.