Epsilon Energy Ltd. (NASDAQ:EPSN) Short Interest Up 26.0% in December

Epsilon Energy Ltd. (NASDAQ:EPSN) saw a large growth in short interest during the month of December. As of December 15th, there was short interest totaling 671,442 shares, a growth of 26.0% from the November 30th total of 532,711 shares. Approximately 3.3% of the company’s shares are short sold. Based on an average daily volume of 110,799 shares, the days-to-cover ratio is currently 6.1 days. Based on an average daily volume of 110,799 shares, the days-to-cover ratio is currently 6.1 days. Approximately 3.3% of the company’s shares are short sold.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Epsilon Energy in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $8.40.

Epsilon Energy Price Performance

Epsilon Energy stock opened at $4.70 on Wednesday. The firm has a market capitalization of $103.71 million, a price-to-earnings ratio of 17.41 and a beta of -0.01. The company’s 50 day simple moving average is $4.80 and its 200 day simple moving average is $5.66. Epsilon Energy has a fifty-two week low of $4.36 and a fifty-two week high of $8.50.

Epsilon Energy (NASDAQ:EPSN) last posted its earnings results on Wednesday, November 5th. The company reported $0.09 earnings per share for the quarter, topping the consensus estimate of $0.03 by $0.06. Epsilon Energy had a net margin of 12.86% and a return on equity of 8.27%. The company had revenue of $8.98 million for the quarter, compared to analyst estimates of $11.50 million. As a group, analysts predict that Epsilon Energy will post 0.2 EPS for the current fiscal year.

Epsilon Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Monday, December 15th will be paid a $0.0625 dividend. This represents a $0.25 dividend on an annualized basis and a yield of 5.3%. The ex-dividend date of this dividend is Monday, December 15th. Epsilon Energy’s payout ratio is presently 92.59%.

Insider Activity at Epsilon Energy

In related news, major shareholder Solas Capital Management, Llc sold 9,427 shares of the business’s stock in a transaction that occurred on Monday, December 22nd. The shares were sold at an average price of $4.59, for a total transaction of $43,269.93. Following the completion of the sale, the insider directly owned 3,545,186 shares of the company’s stock, valued at $16,272,403.74. The trade was a 0.27% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. In the last ninety days, insiders have sold 74,427 shares of company stock worth $346,720. 7.10% of the stock is owned by insiders.

Institutional Investors Weigh In On Epsilon Energy

A number of hedge funds have recently modified their holdings of the business. Police & Firemen s Retirement System of New Jersey acquired a new position in shares of Epsilon Energy in the 2nd quarter valued at approximately $33,000. BNP Paribas Financial Markets boosted its holdings in shares of Epsilon Energy by 179.8% in the third quarter. BNP Paribas Financial Markets now owns 6,394 shares of the company’s stock valued at $32,000 after buying an additional 4,109 shares during the period. Osaic Holdings Inc. boosted its holdings in shares of Epsilon Energy by 1,014.3% in the second quarter. Osaic Holdings Inc. now owns 7,800 shares of the company’s stock valued at $58,000 after buying an additional 7,100 shares during the period. JPMorgan Chase & Co. increased its position in shares of Epsilon Energy by 23,847.4% during the second quarter. JPMorgan Chase & Co. now owns 9,100 shares of the company’s stock worth $67,000 after acquiring an additional 9,062 shares in the last quarter. Finally, D.A. Davidson & CO. acquired a new stake in shares of Epsilon Energy during the second quarter worth $77,000. Institutional investors and hedge funds own 60.33% of the company’s stock.

About Epsilon Energy

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.