Epsilon Energy (NASDAQ:EPSN) Stock Price Down 2.3%

Epsilon Energy Ltd. (NASDAQ:EPSN – Get Rating)’s stock price fell 2.3% during trading on Wednesday . The company traded as low as $5.15 and last traded at $5.15. 45,647 shares changed hands during mid-day trading, a decline of 71% from the average session volume of 155,677 shares. The stock had previously closed at $5.27.

Epsilon Energy Price Performance

The stock has a market cap of $114.42 million, a price-to-earnings ratio of 3.60 and a beta of 0.39. The stock’s 50-day moving average is $5.20 and its 200 day moving average is $5.94.

Epsilon Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 31st. Stockholders of record on Wednesday, March 15th were given a dividend of $0.063 per share. The ex-dividend date was Tuesday, March 14th. This represents a $0.25 dividend on an annualized basis and a dividend yield of 5.05%. Epsilon Energy’s payout ratio is 17.73%.

Institutional Investors Weigh In On Epsilon Energy

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Solas Capital Management LLC lifted its position in shares of Epsilon Energy by 9.1% during the 1st quarter. Solas Capital Management LLC now owns 3,608,467 shares of the company’s stock valued at $19,269,000 after acquiring an additional 300,000 shares during the period. Palo Duro Investment Partners LP acquired a new stake in shares of Epsilon Energy during the 1st quarter valued at approximately $8,722,000. Paragon Associates & Paragon Associates II Joint Venture lifted its position in shares of Epsilon Energy by 2.3% during the 1st quarter. Paragon Associates & Paragon Associates II Joint Venture now owns 1,091,963 shares of the company’s stock valued at $5,831,000 after acquiring an additional 25,000 shares during the period. Vanguard Group Inc. lifted its position in shares of Epsilon Energy by 1.2% during the 3rd quarter. Vanguard Group Inc. now owns 748,479 shares of the company’s stock valued at $4,730,000 after acquiring an additional 8,542 shares during the period. Finally, Dimensional Fund Advisors LP lifted its position in shares of Epsilon Energy by 34.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 722,971 shares of the company’s stock valued at $3,861,000 after acquiring an additional 187,115 shares during the period. 59.00% of the stock is currently owned by institutional investors and hedge funds.

About Epsilon Energy

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Epsilon Energy Ltd. engages in the development and production of natural gas and oil reserves. It operates through the following segments: Upstream, Gathering System, and Corporate. The Upstream segment includes the acquisition, development, and production of oil and natural gas reserves on properties within the United States.