Epsilon Energy (NASDAQ:EPSN) CFO Purchases $56,400.00 in 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 Epsilon Energy stock in a transaction that occurred on Monday, August 18th. The stock was bought at an average cost of $5.64 per share, for a total transaction of $56,400.00. Following the purchase, the chief financial officer directly owned 60,000 shares in the company, valued at $338,400. This trade represents a 20.00% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Epsilon Energy Stock Up 1.4%

EPSN stock traded up $0.0770 during trading on Wednesday, hitting $5.7270. The company had a trading volume of 29,267 shares, compared to its average volume of 112,655. The firm has a market capitalization of $126.34 million, a P/E ratio of 23.88 and a beta of 0.16. Epsilon Energy Ltd. has a 52-week low of $4.95 and a 52-week high of $8.50. The company has a 50 day simple moving average of $6.95 and a 200-day simple moving average of $6.83.

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

Epsilon Energy Dividend Announcement

The firm also recently announced 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 4.4%. The ex-dividend date was Friday, June 13th. Epsilon Energy's dividend payout ratio is presently 104.17%.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen cut shares of Epsilon Energy from a "buy" rating to a "hold" rating in a report on Sunday. One investment analyst has rated the stock with a Strong Buy rating and one has issued a Buy rating to the company's stock. According to data from MarketBeat, Epsilon Energy currently has an average rating of "Strong Buy" and an average target price of $7.70.

Institutional Trading of Epsilon Energy

A number of institutional investors have recently modified their holdings of EPSN. Police & Firemen s Retirement System of New Jersey bought a new stake in shares of Epsilon Energy in the 2nd quarter valued at about $33,000. Jane Street Group LLC bought a new stake in shares of Epsilon Energy in the 4th quarter valued at about $67,000. JPMorgan Chase & Co. boosted its holdings in shares of Epsilon Energy by 23,847.4% in the 2nd quarter. JPMorgan Chase & Co. now owns 9,100 shares of the company's stock valued at $67,000 after buying an additional 9,062 shares in the last quarter. D.A. Davidson & CO. acquired a new stake in Epsilon Energy in the 2nd quarter worth approximately $77,000. Finally, Cubist Systematic Strategies LLC purchased a new stake in Epsilon Energy during the 1st quarter worth approximately $77,000. 60.33% of the stock is currently owned by institutional investors.

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.

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