Epsilon Energy Ltd. (NASDAQ:EPSN) Short Interest Up 37.5% in October

Epsilon Energy Ltd. (NASDAQ:EPSN) was the recipient of a significant growth in short interest in October. As of October 31st, there was short interest totalling 53,900 shares, a growth of 37.5% from the October 15th total of 39,200 shares. Currently, 0.3% of the company’s stock are sold short. Based on an average daily trading volume, of 57,200 shares, the days-to-cover ratio is presently 0.9 days.

Epsilon Energy Stock Up 2.6 %

Epsilon Energy stock traded up $0.15 during trading hours on Thursday, hitting $5.91. 15,066 shares of the company traded hands, compared to its average volume of 46,686. Epsilon Energy has a 1-year low of $4.70 and a 1-year high of $6.20. The firm has a market cap of $129.17 million, a P/E ratio of 23.64 and a beta of 0.40. The firm’s 50-day simple moving average is $5.71 and its two-hundred day simple moving average is $5.49.

Epsilon Energy (NASDAQ:EPSN) last announced its earnings results on Wednesday, November 6th. The company reported $0.02 EPS for the quarter, missing the consensus estimate of $0.04 by ($0.02). The firm had revenue of $7.29 million for the quarter, compared to the consensus estimate of $6.89 million. Epsilon Energy had a return on equity of 5.31% and a net margin of 16.97%. During the same period in the previous year, the firm earned $0.02 EPS. On average, equities research analysts predict that Epsilon Energy will post 0.2 earnings per share for the current year.

Epsilon Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Friday, September 13th were paid a dividend of $0.063 per share. The ex-dividend date of this dividend was Friday, September 13th. This represents a $0.25 annualized dividend and a yield of 4.26%. Epsilon Energy’s dividend payout ratio is currently 100.00%.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. Roth Mkm began coverage on Epsilon Energy in a research report on Tuesday, October 1st. They set a “buy” rating and a $7.00 price objective for the company. Roth Capital raised Epsilon Energy to a “strong-buy” rating in a report on Tuesday, October 1st.

Insider Buying and Selling at Epsilon Energy

In other Epsilon Energy news, CEO Jason Stabell bought 9,139 shares of the business’s stock in a transaction on Friday, August 16th. The shares were purchased at an average price of $5.28 per share, with a total value of $48,253.92. Following the completion of the acquisition, the chief executive officer now directly owns 396,339 shares of the company’s stock, valued at approximately $2,092,669.92. The trade was a 2.36 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 5.53% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Perritt Capital Management Inc acquired a new stake in Epsilon Energy during the second quarter valued at approximately $109,000. Meixler Investment Management Ltd. lifted its position in shares of Epsilon Energy by 159.7% during the 2nd quarter. Meixler Investment Management Ltd. now owns 32,605 shares of the company’s stock valued at $178,000 after acquiring an additional 20,050 shares during the last quarter. Empowered Funds LLC lifted its position in shares of Epsilon Energy by 8.1% during the 1st quarter. Empowered Funds LLC now owns 76,203 shares of the company’s stock valued at $419,000 after acquiring an additional 5,742 shares during the last quarter. De Lisle Partners LLP grew its holdings in shares of Epsilon Energy by 14.3% in the 3rd quarter. De Lisle Partners LLP now owns 146,411 shares of the company’s stock worth $856,000 after acquiring an additional 18,317 shares during the last quarter. Finally, International Assets Investment Management LLC lifted its holdings in shares of Epsilon Energy by 696.4% during the third quarter. International Assets Investment Management LLC now owns 288,341 shares of the company’s stock valued at $1,690,000 after purchasing an additional 252,136 shares during the last quarter. 60.33% of the stock is owned by institutional investors and hedge funds.

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.