Epsilon Energy (NASDAQ:EPSN) Shares Up 3.6% – Here’s What Happened

Epsilon Energy Ltd. (NASDAQ:EPSN) was up 3.6% during trading on Wednesday . The company traded as high as $4.67 and last traded at $4.63. Approximately 142,381 shares traded hands during trading, an increase of 19% from the average daily volume of 119,461 shares. The stock had previously closed at $4.47.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “hold (c-)” rating on shares of Epsilon Energy in a report on Wednesday, October 8th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $8.40.

Epsilon Energy Trading Up 3.6%

The firm has a market cap of $102.18 million, a PE ratio of 17.15 and a beta of -0.04. The stock’s 50 day moving average price is $4.69 and its 200 day moving average price is $5.29.

Epsilon Energy (NASDAQ:EPSN) last announced its quarterly earnings results on Wednesday, November 5th. The company reported $0.09 earnings per share for the quarter, topping analysts’ consensus estimates of $0.03 by $0.06. Epsilon Energy had a net margin of 12.86% and a return on equity of 8.27%. The firm had revenue of $8.98 million during the quarter, compared to analysts’ expectations of $11.50 million. Analysts forecast that Epsilon Energy Ltd. will post 0.2 earnings per share for the current year.

Epsilon Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Monday, December 15th were paid a $0.0625 dividend. The ex-dividend date was Monday, December 15th. This represents a $0.25 dividend on an annualized basis and a dividend yield of 5.4%. Epsilon Energy’s dividend payout ratio (DPR) is 92.59%.

Insider Buying and Selling

In related news, major shareholder Solas Capital Management, Llc sold 40,000 shares of the business’s stock in a transaction that occurred on Friday, December 19th. The stock was sold at an average price of $4.63, for a total transaction of $185,200.00. Following the transaction, the insider directly owned 3,554,613 shares of the company’s stock, valued at approximately $16,457,858.19. The trade was a 1.11% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Over the last quarter, insiders sold 74,427 shares of company stock worth $346,720. Insiders own 7.10% of the company’s stock.

Institutional Trading of Epsilon Energy

Hedge funds have recently made changes to their positions in the company. Los Angeles Capital Management LLC purchased a new position in Epsilon Energy in the 2nd quarter valued at about $492,000. Goldman Sachs Group Inc. purchased a new stake in shares of Epsilon Energy during the first quarter worth about $151,000. D.A. Davidson & CO. acquired a new position in shares of Epsilon Energy in the second quarter worth about $77,000. Hillsdale Investment Management Inc. acquired a new position in shares of Epsilon Energy in the second quarter worth about $296,000. Finally, Ritholtz Wealth Management boosted its holdings in Epsilon Energy by 48.3% in the second quarter. Ritholtz Wealth Management now owns 31,690 shares of the company’s stock valued at $234,000 after purchasing an additional 10,319 shares during the last quarter. Hedge funds and other institutional investors own 60.33% of the company’s stock.

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.