Epsilon Energy Ltd. (NASDAQ:EPSN) Major Shareholder Solas Capital Management, Llc Sells 74,427 Shares

Epsilon Energy Ltd. (NASDAQ:EPSN - Get Free Report) 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 transaction of $556,713.96. Following the completion of the sale, the insider directly owned 3,694,040 shares in the company, valued at approximately $27,631,419.20. The trade was a 1.97% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Major shareholders that own more than 10% of a company's stock are required to disclose their sales and purchases with the SEC.

Epsilon Energy Trading Down 2.1%

EPSN stock traded down $0.16 during mid-day trading on Wednesday, reaching $7.31. The company's stock had a trading volume of 19,541 shares, compared to its average volume of 75,058. The stock has a market cap of $160.97 million, a PE ratio of 34.74 and a beta of 0.17. Epsilon Energy Ltd. has a fifty-two week low of $4.95 and a fifty-two week high of $8.50. The company's 50 day moving average is $7.34 and its two-hundred day moving average is $6.76.

Epsilon Energy (NASDAQ:EPSN - Get Free Report) last announced its quarterly earnings results on Wednesday, May 14th. The company reported $0.18 earnings per share for the quarter, beating the consensus estimate of $0.14 by $0.04. Epsilon Energy had a net margin of 11.18% and a return on equity of 5.97%. The firm had revenue of $16.16 million for the quarter, compared to analysts' expectations of $11.71 million. On average, analysts forecast that Epsilon Energy Ltd. will post 0.2 earnings per share for the current fiscal year.

Epsilon Energy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Friday, June 13th were issued a $0.0625 dividend. The ex-dividend date of this dividend was Friday, June 13th. This represents a $0.25 annualized dividend and a yield of 3.42%. Epsilon Energy's payout ratio is 119.05%.

Analysts Set New Price Targets

A number of research analysts have issued reports on EPSN shares. Roth Capital set a $8.40 price target on Epsilon Energy in a report on Thursday, April 3rd. Wall Street Zen raised shares of Epsilon Energy from a "hold" rating to a "buy" rating in a report on Thursday, May 22nd.

Institutional Trading of Epsilon Energy

Several hedge funds have recently made changes to their positions in the company. Y Intercept Hong Kong Ltd acquired a new position in Epsilon Energy in the fourth quarter valued at approximately $82,000. Mcintyre Freedman & Flynn Investment Advisers Inc. raised its position in Epsilon Energy by 1.5% in the fourth quarter. Mcintyre Freedman & Flynn Investment Advisers Inc. now owns 117,077 shares of the company's stock valued at $727,000 after purchasing an additional 1,677 shares during the period. Truffle Hound Capital LLC acquired a new position in shares of Epsilon Energy in the 4th quarter valued at $1,490,000. LPL Financial LLC grew its holdings in shares of Epsilon Energy by 9.5% during the 4th quarter. LPL Financial LLC now owns 144,230 shares of the company's stock worth $896,000 after purchasing an additional 12,550 shares during the period. Finally, Dimensional Fund Advisors LP grew its holdings in shares of Epsilon Energy by 2.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 701,186 shares of the company's stock worth $4,354,000 after purchasing an additional 18,358 shares during the period. Hedge funds and other institutional investors own 60.33% of the company's stock.

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.