Epsilon Energy Ltd. (NASDAQ:EPSN) Short Interest Down 18.4% in May

Epsilon Energy Ltd. (NASDAQ:EPSN - Get Free Report) was the recipient of a large drop in short interest in May. As of May 15th, there was short interest totalling 56,200 shares, a drop of 18.4% from the April 30th total of 68,900 shares. Based on an average trading volume of 58,100 shares, the days-to-cover ratio is presently 1.0 days. Currently, 0.3% of the shares of the stock are short sold.

Institutional Investors Weigh In On Epsilon Energy

Institutional investors have recently modified their holdings of the business. Dimensional Fund Advisors LP grew its holdings in Epsilon Energy by 2.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 701,186 shares of the company's stock valued at $4,354,000 after purchasing an additional 18,358 shares during the period. Bridgeway Capital Management LLC grew its holdings in Epsilon Energy by 1.9% during the first quarter. Bridgeway Capital Management LLC now owns 413,406 shares of the company's stock valued at $2,919,000 after purchasing an additional 7,643 shares during the period. Clayton Partners LLC grew its holdings in Epsilon Energy by 3.6% during the first quarter. Clayton Partners LLC now owns 355,261 shares of the company's stock valued at $2,508,000 after purchasing an additional 12,400 shares during the period. Truffle Hound Capital LLC acquired a new position in Epsilon Energy during the fourth quarter valued at approximately $1,490,000. Finally, LPL Financial LLC grew its holdings in Epsilon Energy by 26.0% during the first quarter. LPL Financial LLC now owns 181,685 shares of the company's stock valued at $1,283,000 after purchasing an additional 37,455 shares during the period. Institutional investors and hedge funds own 60.33% of the company's stock.

Epsilon Energy Trading Up 2.6%

Shares of NASDAQ:EPSN traded up $0.19 during trading on Friday, hitting $7.39. 552,256 shares of the company's stock were exchanged, compared to its average volume of 49,826. Epsilon Energy has a 1-year low of $4.95 and a 1-year high of $7.59. The firm has a 50-day moving average price of $6.85 and a two-hundred day moving average price of $6.51. The firm has a market cap of $162.71 million, a P/E 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, topping the consensus estimate of $0.14 by $0.04. Epsilon Energy had a net margin of 16.97% and a return on equity of 5.31%. The company had revenue of $16.16 million during the quarter, compared to analysts' expectations of $11.71 million. As a group, research analysts predict that Epsilon Energy will post 0.2 EPS for the current year.

Epsilon Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 13th will be given a dividend of $0.0625 per share. This represents a $0.25 annualized dividend and a dividend yield of 3.38%. The ex-dividend date of this dividend is Friday, June 13th. Epsilon Energy's dividend payout ratio is 119.05%.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the stock. Wall Street Zen upgraded shares of Epsilon Energy from a "hold" rating to a "buy" rating in a research report on Thursday, May 22nd. Roth Capital set a $8.40 price target on shares of Epsilon Energy in a research report 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.