Short Interest in Epsilon Energy Ltd. (NASDAQ:EPSN) Expands By 26.0%

Epsilon Energy Ltd. (NASDAQ:EPSN) saw a significant increase in short interest during the month of December. As of December 15th, there was short interest totaling 671,442 shares, an increase of 26.0% from the November 30th total of 532,711 shares. Based on an average trading volume of 110,799 shares, the days-to-cover ratio is presently 6.1 days. Currently, 3.3% of the shares of the stock are sold short. Currently, 3.3% of the shares of the stock are sold short. Based on an average trading volume of 110,799 shares, the days-to-cover ratio is presently 6.1 days.

Analysts Set New Price Targets

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

Insider Transactions at Epsilon Energy

In related news, major shareholder Solas Capital Management, Llc sold 40,000 shares of the firm’s stock in a transaction that occurred on Friday, December 19th. The shares were sold at an average price of $4.63, for a total transaction of $185,200.00. Following the sale, the insider owned 3,554,613 shares in the company, valued at approximately $16,457,858.19. This trade represents a 1.11% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In the last 90 days, insiders have sold 74,427 shares of company stock valued at $346,720. 7.10% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Epsilon Energy

Institutional investors have recently modified their holdings of the company. BNP Paribas Financial Markets lifted its position in Epsilon Energy by 179.8% in the 3rd quarter. BNP Paribas Financial Markets now owns 6,394 shares of the company’s stock valued at $32,000 after purchasing an additional 4,109 shares during the last quarter. Police & Firemen s Retirement System of New Jersey bought a new position in Epsilon Energy in the 2nd quarter worth approximately $33,000. Osaic Holdings Inc. increased its position in Epsilon Energy by 1,014.3% in the 2nd quarter. Osaic Holdings Inc. now owns 7,800 shares of the company’s stock valued at $58,000 after acquiring an additional 7,100 shares during the period. NewEdge Advisors LLC acquired a new position in Epsilon Energy during the 3rd quarter worth $62,000. Finally, JPMorgan Chase & Co. boosted its position in Epsilon Energy by 23,847.4% during the 2nd quarter. JPMorgan Chase & Co. now owns 9,100 shares of the company’s stock worth $67,000 after acquiring an additional 9,062 shares during the period. Institutional investors own 60.33% of the company’s stock.

Epsilon Energy Stock Performance

Shares of NASDAQ:EPSN traded down $0.06 during trading on Thursday, hitting $4.64. The company’s stock had a trading volume of 142,391 shares, compared to its average volume of 129,772. Epsilon Energy has a fifty-two week low of $4.36 and a fifty-two week high of $8.50. The stock’s 50-day moving average price is $4.80 and its two-hundred day moving average price is $5.65. The company has a market capitalization of $102.40 million, a PE ratio of 17.19 and a beta of -0.01.

Epsilon Energy (NASDAQ:EPSN) last released its earnings results on Wednesday, November 5th. The company reported $0.09 EPS for the quarter, beating the consensus estimate of $0.03 by $0.06. The company had revenue of $8.98 million during the quarter, compared to analysts’ expectations of $11.50 million. Epsilon Energy had a return on equity of 8.27% and a net margin of 12.86%. On average, equities analysts predict that Epsilon Energy will post 0.2 earnings per share for the current fiscal year.

Epsilon Energy Dividend Announcement

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

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.