Solas Capital Management LLC Invests $18.78 Million in Epsilon Energy Ltd. $EPSN

Key Points

• Solas Capital Management acquired 3.47 million Epsilon Energy shares worth approximately $18.78 million, making the position its second-largest holding and giving it an 11.47% stake. Institutional investors collectively own 60.33% of EPSN.
• Epsilon Energy reported a quarterly loss of $0.03 per share on $18.26 million in revenue, with a negative net margin of 3.77%. The stock opened at $5.61 and has traded between $4.20 and $6.65 over the past year.
• Analyst sentiment remains negative, with Weiss Ratings maintaining a “sell (D+)” rating and MarketBeat reporting an average rating of “Sell.” The company pays a quarterly dividend of $0.0625, equivalent to a 4.5% annualized yield.

Solas Capital Management LLC acquired a new position in shares of Epsilon Energy Ltd. (NASDAQ:EPSN - Free Report) in the second quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 3,470,761 shares of the company's stock, valued at approximately $18,777,000. Epsilon Energy accounts for approximately 10.1% of Solas Capital Management LLC's investment portfolio, making the stock its 2nd largest position. Solas Capital Management LLC owned approximately 11.47% of Epsilon Energy at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Sei Investments Co. boosted its position in shares of Epsilon Energy by 99.9% during the first quarter. Sei Investments Co. now owns 484,665 shares of the company's stock worth $2,986,000 after buying an additional 242,196 shares during the period. HarbourVest Partners LLC purchased a new stake in shares of Epsilon Energy in the 4th quarter valued at $3,900,000. De Lisle Partners LLP purchased a new stake in shares of Epsilon Energy in the 2nd quarter valued at $899,000. Punch & Associates Investment Management Inc. lifted its stake in Epsilon Energy by 26.5% during the 1st quarter. Punch & Associates Investment Management Inc. now owns 476,880 shares of the company's stock worth $2,938,000 after acquiring an additional 99,975 shares in the last quarter. Finally, Yorktown Energy Partners XI L.P. lifted its stake in Epsilon Energy by 3.2% during the 1st quarter. Yorktown Energy Partners XI L.P. now owns 2,869,560 shares of the company's stock worth $17,676,000 after acquiring an additional 90,117 shares in the last quarter. Institutional investors and hedge funds own 60.33% of the company's stock.

Analyst Ratings Changes

Separately, Weiss Ratings restated a "sell (d+)" rating on shares of Epsilon Energy in a report on Wednesday, August 12th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, Epsilon Energy currently has an average rating of "Sell".

Epsilon Energy Price Performance

Shares of EPSN opened at $5.61 on Tuesday. The company has a market cap of $169.87 million, a P/E ratio of -26.71 and a beta of -0.20. Epsilon Energy Ltd. has a fifty-two week low of $4.20 and a fifty-two week high of $6.65. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.31. The firm's 50 day moving average price is $5.51 and its 200 day moving average price is $5.67.

Epsilon Energy (NASDAQ:EPSN - Get Free Report) last issued its quarterly earnings results on Wednesday, August 12th. The company reported ($0.03) EPS for the quarter. The business had revenue of $18.26 million during the quarter. Epsilon Energy had a negative net margin of 3.77% and a positive return on equity of 5.56%.

Epsilon Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Monday, June 15th were issued a $0.0625 dividend. The ex-dividend date was Monday, June 15th. This represents a $0.25 dividend on an annualized basis and a yield of 4.5%. Epsilon Energy's dividend payout ratio (DPR) is -119.05%.

Epsilon Energy Profile

Epsilon Energy NASDAQ: EPSN is an independent exploration and production company specializing in the acquisition, development and production of unconventional and conventional oil and natural gas properties. Originally founded as Brewster Energy in 2002 and rebranded to Epsilon Energy in 2011, the company pursues a disciplined approach to resource development, leveraging its technical expertise to optimize well performance and manage operational costs.

The company's core asset base is concentrated in the Appalachian Basin, where it holds acreage in key shale formations across Pennsylvania, West Virginia and Ohio.

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