Insider Buying: Epsilon Energy (NASDAQ:EPSN) CFO Purchases 10,000 Shares of Stock

Key Points

• Epsilon Energy Ltd. CFO Andrew Williamson purchased 10,000 shares of the company's stock for $56,400, increasing his holdings by 20%, bringing his total ownership to 60,000 shares.
• The company recently announced a quarterly dividend of $0.0625 per share, giving it a yield of 4.4%, although it currently has a dividend payout ratio of 104.17%.
• Epsilon Energy's stock has seen a slight price increase of 1.4%, rising to $5.7270, while it has been rated as a "Strong Buy" by some analysts with a target price of $7.70.

Epsilon Energy Ltd. (NASDAQ:EPSN - Get Free Report) CFO Andrew Williamson purchased 10,000 shares of the stock in a transaction that occurred on Monday, August 18th. The shares were purchased at an average cost of $5.64 per share, for a total transaction of $56,400.00. Following the completion of the acquisition, the chief financial officer directly owned 60,000 shares of the company's stock, valued at $338,400. This represents a 20.00% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Epsilon Energy Stock Performance

NASDAQ EPSN traded down $0.23 during mid-day trading on Monday, reaching $5.83. 80,503 shares of the stock were exchanged, compared to its average volume of 113,703. The business's 50 day moving average is $6.82 and its 200-day moving average is $6.83. Epsilon Energy Ltd. has a 1 year low of $4.95 and a 1 year high of $8.50. The company has a market capitalization of $128.60 million, a P/E ratio of 24.29 and a beta of 0.16.

Epsilon Energy (NASDAQ:EPSN - Get Free Report) last announced its quarterly earnings results on Wednesday, August 13th. The company reported $0.07 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.08 by ($0.01). Epsilon Energy had a return on equity of 6.71% and a net margin of 11.75%.The firm had revenue of $11.63 million for the quarter, compared to analysts' expectations of $10.50 million. Equities analysts predict that Epsilon Energy Ltd. will post 0.2 earnings per share for the current fiscal year.

Epsilon Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Friday, June 13th were issued a dividend of $0.0625 per share. This represents a $0.25 annualized dividend and a yield of 4.3%. The ex-dividend date of this dividend was Friday, June 13th. Epsilon Energy's dividend payout ratio (DPR) is presently 104.17%.

Institutional Investors Weigh In On Epsilon Energy

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Bridgeway Capital Management LLC increased its position in Epsilon Energy by 2.4% during the second quarter. Bridgeway Capital Management LLC now owns 423,122 shares of the company's stock worth $3,123,000 after purchasing an additional 9,716 shares during the last quarter. Bank of America Corp DE lifted its stake in shares of Epsilon Energy by 7,200.9% in the 2nd quarter. Bank of America Corp DE now owns 16,792 shares of the company's stock valued at $124,000 after purchasing an additional 16,562 shares during the last quarter. PDT Partners LLC acquired a new position in shares of Epsilon Energy in the 2nd quarter valued at $95,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in shares of Epsilon Energy in the 2nd quarter valued at $78,000. Finally, Jump Financial LLC acquired a new position in shares of Epsilon Energy in the 2nd quarter valued at $99,000. 60.33% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, Wall Street Zen downgraded shares of Epsilon Energy from a "buy" rating to a "hold" rating in a report on Sunday, August 17th. One equities research analyst has rated the stock with a Strong Buy rating and one has assigned a Buy rating to the company. According to data from MarketBeat.com, Epsilon Energy currently has a consensus rating of "Strong Buy" and a consensus price target of $7.70.

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.