Epsilon Energy Ltd. (NASDAQ:EPSN) Announces $0.06 Quarterly Dividend

Epsilon Energy Ltd. (NASDAQ:EPSN) declared a quarterly dividend on Wednesday, November 27th,Wall Street Journal reports. Stockholders of record on Monday, December 16th will be paid a dividend of 0.0625 per share on Tuesday, December 31st. This represents a $0.25 dividend on an annualized basis and a dividend yield of 4.33%. The ex-dividend date is Monday, December 16th.

Epsilon Energy has a payout ratio of 67.6% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Epsilon Energy to earn $0.37 per share next year, which means the company should continue to be able to cover its $0.25 annual dividend with an expected future payout ratio of 67.6%.

Epsilon Energy Price Performance

NASDAQ EPSN opened at $5.78 on Thursday. The stock has a market capitalization of $126.33 million, a P/E ratio of 23.12 and a beta of 0.40. The business has a 50 day simple moving average of $5.85 and a 200 day simple moving average of $5.52. Epsilon Energy has a one year low of $4.70 and a one year high of $6.20.

Epsilon Energy (NASDAQ:EPSN) last released its quarterly earnings data on Wednesday, November 6th. The company reported $0.02 earnings per share for the quarter, missing the consensus estimate of $0.04 by ($0.02). The company had revenue of $7.29 million during the quarter, compared to the consensus estimate of $6.89 million. Epsilon Energy had a net margin of 16.97% and a return on equity of 5.31%. During the same quarter in the prior year, the firm earned $0.02 EPS. Equities analysts expect that Epsilon Energy will post 0.2 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the stock. Roth Capital raised shares of Epsilon Energy to a “strong-buy” rating in a research report on Tuesday, October 1st. Roth Mkm started coverage on Epsilon Energy in a report on Tuesday, October 1st. They issued a “buy” rating and a $7.00 price target on the stock.

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.