Epsilon Energy Ltd. (NASDAQ:EPSN) Sees Significant Growth in Short Interest

Epsilon Energy Ltd. (NASDAQ:EPSN) saw a significant growth in short interest in November. As of November 30th, there was short interest totalling 34,900 shares, a growth of 96.1% from the November 15th total of 17,800 shares. Based on an average trading volume of 51,000 shares, the days-to-cover ratio is presently 0.7 days. Approximately 0.2% of the company’s shares are short sold.

Epsilon Energy Stock Down 1.8 %

Shares of NASDAQ EPSN traded down $0.11 during mid-day trading on Friday, reaching $6.01. 9,221 shares of the company were exchanged, compared to its average volume of 44,812. The stock has a market capitalization of $131.38 million, a P/E ratio of 24.04 and a beta of 0.39. The company’s 50-day simple moving average is $5.90 and its 200-day simple moving average is $5.56. Epsilon Energy has a twelve month low of $4.70 and a twelve month high of $6.20.

Epsilon Energy (NASDAQ:EPSN) last announced its earnings results on Wednesday, November 6th. The company reported $0.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.02). The business 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 period in the previous year, the firm posted $0.02 EPS. As a group, equities research analysts expect that Epsilon Energy will post 0.2 EPS for the current year.

Epsilon Energy Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th will be given a dividend of $0.0625 per share. The ex-dividend date is Monday, December 16th. This represents a $0.25 dividend on an annualized basis and a dividend yield of 4.16%. Epsilon Energy’s payout ratio is 100.00%.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on EPSN. Roth Mkm assumed coverage on Epsilon Energy in a report on Tuesday, October 1st. They set a “buy” rating and a $7.00 price objective for the company. Roth Capital upgraded shares of Epsilon Energy to a “strong-buy” rating in a report on Tuesday, October 1st.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the stock. Barclays PLC bought a new stake in Epsilon Energy during the third quarter worth about $54,000. Perritt Capital Management Inc acquired a new stake in shares of Epsilon Energy during the 2nd quarter worth approximately $109,000. Meixler Investment Management Ltd. boosted 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 worth $178,000 after acquiring an additional 20,050 shares in the last quarter. Empowered Funds LLC increased its stake in Epsilon Energy by 5.2% in the third quarter. Empowered Funds LLC now owns 86,251 shares of the company’s stock valued at $505,000 after acquiring an additional 4,288 shares during the last quarter. Finally, De Lisle Partners LLP raised its position in Epsilon Energy by 14.3% during the third quarter. De Lisle Partners LLP now owns 146,411 shares of the company’s stock valued at $856,000 after purchasing an additional 18,317 shares in the last quarter. Institutional investors own 60.33% of the company’s stock.

Epsilon Energy Company Profile

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.