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

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 given 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 3.38%. The ex-dividend date of this dividend is Friday, June 13th.

Epsilon Energy Trading Up 2.6%

Shares of NASDAQ:EPSN traded up $0.19 during mid-day trading on Friday, reaching $7.39. The company had a trading volume of 552,256 shares, compared to its average volume of 49,850. Epsilon Energy has a one year low of $4.95 and a one year high of $7.59. The company's 50-day moving average price is $6.85 and its 200-day moving average price is $6.51. The firm has a market cap of $162.71 million, a price-to-earnings ratio of 29.56 and a beta of 0.17.

Epsilon Energy (NASDAQ:EPSN - Get Free Report) last issued its quarterly 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. The firm had revenue of $16.16 million for the quarter, compared to analysts' expectations of $11.71 million. Epsilon Energy had a return on equity of 5.31% and a net margin of 16.97%. On average, research analysts anticipate that Epsilon Energy will post 0.2 EPS for the current fiscal year.

Institutional Investors Weigh In On Epsilon Energy

Several hedge funds and other institutional investors have recently modified their holdings of EPSN. Acadian Asset Management LLC bought a new position in shares of Epsilon Energy in the first quarter worth $311,000. Jane Street Group LLC grew its position in Epsilon Energy by 346.2% during the first quarter. Jane Street Group LLC now owns 47,980 shares of the company's stock worth $339,000 after buying an additional 37,226 shares in the last quarter. Goldman Sachs Group Inc. bought a new position in Epsilon Energy in the 1st quarter worth about $151,000. Cubist Systematic Strategies LLC bought a new position in Epsilon Energy in the 1st quarter worth about $77,000. Finally, Empowered Funds LLC raised its holdings in shares of 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 acquiring an additional 7,643 shares in the last quarter. 60.33% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

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

About Epsilon Energy

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.