Short Interest in Epsilon Energy Ltd. (NASDAQ:EPSN) Decreases By 14.2%

Epsilon Energy Ltd. (NASDAQ:EPSN - Get Free Report) was the target of a significant decline in short interest in the month of April. As of April 15th, there was short interest totalling 41,600 shares, a decline of 14.2% from the March 31st total of 48,500 shares. Approximately 0.2% of the shares of the company are short sold. Based on an average daily trading volume, of 48,900 shares, the short-interest ratio is currently 0.9 days.

Epsilon Energy Trading Down 3.5 %

EPSN stock traded down $0.24 during trading on Tuesday, hitting $6.55. The company had a trading volume of 24,116 shares, compared to its average volume of 42,735. The business has a 50 day moving average of $6.81 and a 200 day moving average of $6.33. The firm has a market capitalization of $144.21 million, a price-to-earnings ratio of 26.20 and a beta of 0.17. Epsilon Energy has a fifty-two week low of $4.95 and a fifty-two week high of $7.32.

Epsilon Energy (NASDAQ:EPSN - Get Free Report) last posted its quarterly earnings data on Wednesday, March 19th. The company reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.05 by ($0.01). Epsilon Energy had a net margin of 16.97% and a return on equity of 5.31%. The company had revenue of $8.94 million during the quarter, compared to the consensus estimate of $7.20 million. During the same quarter last year, the business earned $0.31 earnings per share. As a group, equities analysts predict that Epsilon Energy will post 0.2 EPS for the current year.

Epsilon Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Thursday, March 13th were issued a $0.0625 dividend. The ex-dividend date of this dividend was Thursday, March 13th. This represents a $0.25 annualized dividend and a dividend yield of 3.82%. Epsilon Energy's dividend payout ratio (DPR) is 250.00%.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of EPSN. Geode Capital Management LLC boosted its position in shares of Epsilon Energy by 11.2% during the 3rd quarter. Geode Capital Management LLC now owns 243,147 shares of the company's stock valued at $1,425,000 after purchasing an additional 24,437 shares in the last quarter. Barclays PLC acquired a new position in Epsilon Energy in the third quarter worth approximately $54,000. Y Intercept Hong Kong Ltd bought a new position in shares of Epsilon Energy in the fourth quarter valued at $82,000. LPL Financial LLC increased its holdings in shares of Epsilon Energy by 9.5% in the fourth quarter. LPL Financial LLC now owns 144,230 shares of the company's stock valued at $896,000 after buying an additional 12,550 shares in the last quarter. Finally, Empowered Funds LLC boosted its stake in shares of Epsilon Energy by 4.8% during the 4th quarter. Empowered Funds LLC now owns 90,366 shares of the company's stock worth $561,000 after acquiring an additional 4,115 shares in the last quarter. 60.33% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Roth Capital set a $8.40 target price on Epsilon Energy in a research report on Thursday, April 3rd.

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.