Epsilon Energy Ltd. (NASDAQ:EPSN) Announces $0.06 Quarterly Dividend

Epsilon Energy Ltd. (NASDAQ:EPSN - Get Free Report) declared a quarterly dividend on Thursday, May 29th, RTT News reports. Stockholders of record on Friday, June 13th will be paid a dividend of 0.0625 per share on Monday, June 30th. This represents a $0.25 dividend on an annualized basis and a dividend yield of 3.47%. The ex-dividend date of this dividend is Friday, June 13th.

Epsilon Energy Price Performance

Shares of EPSN traded up $0.01 during mid-day trading on Thursday, reaching $7.20. 107,047 shares of the company's stock were exchanged, compared to its average volume of 47,662. The business's fifty day simple moving average is $6.84 and its 200-day simple moving average is $6.49. Epsilon Energy has a 52-week low of $4.95 and a 52-week high of $7.59. The stock has a market capitalization of $158.52 million, a PE ratio of 28.80 and a beta of 0.17.

Epsilon Energy (NASDAQ:EPSN - Get Free Report) last released its earnings results on Wednesday, May 14th. The company reported $0.18 EPS for the quarter, beating analysts' consensus estimates of $0.14 by $0.04. Epsilon Energy had a return on equity of 5.31% and a net margin of 16.97%. The company had revenue of $16.16 million during the quarter, compared to the consensus estimate of $11.71 million. Equities research analysts predict that Epsilon Energy will post 0.2 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in EPSN. Cubist Systematic Strategies LLC acquired a new position in shares of Epsilon Energy during the 1st quarter worth $77,000. Goldman Sachs Group Inc. acquired a new position in shares of Epsilon Energy during the 1st quarter worth $151,000. Acadian Asset Management LLC acquired a new position in shares of Epsilon Energy during the 1st quarter worth $311,000. Jane Street Group LLC grew its holdings in Epsilon Energy by 346.2% in the 1st quarter. Jane Street Group LLC now owns 47,980 shares of the company's stock valued at $339,000 after buying an additional 37,226 shares during the period. Finally, Empowered Funds LLC grew its holdings in Epsilon Energy by 8.5% in the 1st quarter. Empowered Funds LLC now owns 98,009 shares of the company's stock valued at $692,000 after buying an additional 7,643 shares during the period. Institutional investors and hedge funds own 60.33% of the company's stock.

Wall Street Analyst Weigh In

EPSN has been the subject of a number of recent analyst reports. Wall Street Zen raised Epsilon Energy from a "hold" rating to a "buy" rating in a report on Thursday, May 22nd. Roth Capital set a $8.40 price target on Epsilon Energy in a research note on Thursday, April 3rd.

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.