Epsilon Energy Ltd. (NASDAQ:EPSN) Short Interest Down 39.1% in March

Epsilon Energy Ltd. (NASDAQ:EPSN - Get Free Report) was the target of a significant decline in short interest in March. As of March 31st, there was short interest totalling 192,300 shares, a decline of 39.1% from the March 15th total of 315,900 shares. Approximately 0.9% of the shares of the stock are sold short. Based on an average daily trading volume, of 57,500 shares, the days-to-cover ratio is presently 3.3 days.

Epsilon Energy Trading Down 1.8 %

NASDAQ EPSN traded down $0.10 on Thursday, reaching $5.45. 18,597 shares of the company were exchanged, compared to its average volume of 55,874. The business's fifty day moving average price is $5.13 and its 200 day moving average price is $5.19. The stock has a market capitalization of $119.43 million, a P/E ratio of 17.58 and a beta of 0.37. Epsilon Energy has a fifty-two week low of $4.70 and a fifty-two week high of $6.35.

Epsilon Energy (NASDAQ:EPSN - Get Free Report) last released its quarterly earnings data on Wednesday, March 20th. The company reported $0.12 earnings per share for the quarter. The company had revenue of $8.56 million for the quarter. Epsilon Energy had a return on equity of 6.81% and a net margin of 22.60%.

Epsilon Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 15th were paid a $0.063 dividend. This represents a $0.25 annualized dividend and a dividend yield of 4.62%. The ex-dividend date of this dividend was Thursday, March 14th. Epsilon Energy's dividend payout ratio (DPR) is presently 80.65%.

Insider Activity

In related news, Director John Lovoi sold 500,000 shares of the business's stock in a transaction that occurred on Tuesday, January 30th. The stock was sold at an average price of $4.82, for a total transaction of $2,410,000.00. Following the completion of the sale, the director now directly owns 208,078 shares in the company, valued at $1,002,935.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director John Lovoi sold 500,000 shares of the business's stock in a transaction that occurred on Tuesday, January 30th. The stock was sold at an average price of $4.82, for a total transaction of $2,410,000.00. Following the completion of the sale, the director now directly owns 208,078 shares in the company, valued at $1,002,935.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Jason Stabell purchased 18,500 shares of the company's stock in a transaction that occurred on Tuesday, March 26th. The shares were purchased at an average price of $5.25 per share, with a total value of $97,125.00. Following the completion of the transaction, the chief executive officer now directly owns 343,234 shares of the company's stock, valued at approximately $1,801,978.50. The disclosure for this purchase can be found here. Insiders acquired 442,579 shares of company stock worth $2,155,496 over the last three months. 6.49% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Epsilon Energy

Several large investors have recently modified their holdings of the business. Mcintyre Freedman & Flynn Investment Advisers Inc. lifted its stake in shares of Epsilon Energy by 1.8% in the 4th quarter. Mcintyre Freedman & Flynn Investment Advisers Inc. now owns 114,400 shares of the company's stock valued at $581,000 after purchasing an additional 2,000 shares during the last quarter. BlackRock Inc. lifted its stake in shares of Epsilon Energy by 5.6% in the 3rd quarter. BlackRock Inc. now owns 48,309 shares of the company's stock valued at $305,000 after purchasing an additional 2,563 shares during the last quarter. Morgan Stanley lifted its stake in shares of Epsilon Energy by 24.1% in the 4th quarter. Morgan Stanley now owns 14,824 shares of the company's stock valued at $98,000 after purchasing an additional 2,883 shares during the last quarter. Tower Research Capital LLC TRC lifted its stake in shares of Epsilon Energy by 139.0% in the 1st quarter. Tower Research Capital LLC TRC now owns 5,381 shares of the company's stock valued at $28,000 after purchasing an additional 3,130 shares during the last quarter. Finally, Trexquant Investment LP lifted its stake in shares of Epsilon Energy by 8.7% in the 3rd quarter. Trexquant Investment LP now owns 40,135 shares of the company's stock valued at $212,000 after purchasing an additional 3,227 shares during the last quarter. Institutional investors and hedge funds own 60.33% of the company's stock.

Epsilon Energy Company Profile

Epsilon Energy Ltd., a 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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