Epsilon Energy (NASDAQ:EPSN) Posts Quarterly Earnings Results, Misses Estimates By $0.01 EPS

Key Points

• Epsilon Energy reported quarterly earnings of $0.07 per share, missing the consensus estimate of $0.08 by $0.01, while revenue exceeded expectations at $11.63 million.
• The company recently declared a quarterly dividend of $0.0625 per share, translating to a 4.4% yield, despite a high payout ratio of 119.05%.
• Wall Street analysts upgraded Epsilon Energy's rating from "hold" to "buy" on August 9th, indicating growing investor confidence in the company's future performance.

Epsilon Energy (NASDAQ:EPSN - Get Free Report) issued its earnings results on Wednesday. The company reported $0.07 earnings per share for the quarter, missing the consensus estimate of $0.08 by ($0.01), Zacks reports. The firm had revenue of $11.63 million during the quarter, compared to analysts' expectations of $10.50 million. Epsilon Energy had a return on equity of 6.74% and a net margin of 11.75%.

Epsilon Energy Price Performance

EPSN stock traded up $0.16 during midday trading on Friday, hitting $5.63. The company's stock had a trading volume of 257,910 shares, compared to its average volume of 112,873. The stock has a market capitalization of $123.97 million, a P/E ratio of 23.46 and a beta of 0.16. The company's fifty day moving average price is $7.07 and its 200 day moving average price is $6.84. Epsilon Energy has a twelve month low of $4.95 and a twelve month high of $8.50.

Epsilon Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Friday, June 13th were given a $0.0625 dividend. This represents a $0.25 annualized dividend and a yield of 4.4%. The ex-dividend date of this dividend was Friday, June 13th. Epsilon Energy's payout ratio is currently 119.05%.

Wall Street Analyst Weigh In

Separately, Wall Street Zen upgraded Epsilon Energy from a "hold" rating to a "buy" rating in a research note on Saturday, August 9th.

Insider Transactions at Epsilon Energy

In other news, major shareholder Solas Capital Management, Llc sold 74,427 shares of the company's stock in a transaction on Friday, June 27th. The shares were sold at an average price of $7.48, for a total value of $556,713.96. Following the sale, the insider directly owned 3,694,040 shares of the company's stock, valued at approximately $27,631,419.20. This represents a 1.97% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 7.10% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Epsilon Energy

Several hedge funds have recently bought and sold shares of EPSN. Empowered Funds LLC increased its position in Epsilon Energy by 8.5% during the 1st quarter. Empowered Funds LLC now owns 98,009 shares of the company's stock valued at $692,000 after purchasing an additional 7,643 shares during the period. Arrowstreet Capital Limited Partnership bought a new position in shares of Epsilon Energy in the 2nd quarter worth approximately $467,000. Jane Street Group LLC increased its holdings in Epsilon Energy by 346.2% in the 1st quarter. Jane Street Group LLC now owns 47,980 shares of the company's stock worth $339,000 after acquiring an additional 37,226 shares in the last quarter. Acadian Asset Management LLC purchased a new stake in Epsilon Energy in the 1st quarter worth approximately $311,000. Finally, Goldman Sachs Group Inc. purchased a new stake in Epsilon Energy during the 1st quarter valued at approximately $151,000. 60.33% of the stock is currently owned by institutional investors.

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.

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