Epsilon Energy Ltd. (NASDAQ:EPSN) Short Interest Down 24.5% in June

Epsilon Energy Ltd. (NASDAQ:EPSN) was the target of a significant decline in short interest in the month of June. As of June 30th, there was short interest totalling 104,400 shares, a decline of 24.5% from the June 15th total of 138,200 shares. Approximately 0.5% of the shares of the company are short sold. Based on an average trading volume of 26,400 shares, the days-to-cover ratio is presently 4.0 days.

Epsilon Energy Stock Up 0.7 %

EPSN traded up $0.04 during trading on Friday, reaching $5.40. 69,775 shares of the company’s stock were exchanged, compared to its average volume of 17,222. Epsilon Energy has a fifty-two week low of $4.70 and a fifty-two week high of $6.35. The business has a 50 day moving average price of $5.38 and a 200 day moving average price of $5.20. The company has a market capitalization of $118.37 million, a P/E ratio of 23.48 and a beta of 0.39.

Epsilon Energy (NASDAQ:EPSN) last posted its quarterly earnings results on Wednesday, May 8th. The company reported $0.07 earnings per share for the quarter. Epsilon Energy had a net margin of 16.77% and a return on equity of 4.89%. The firm had revenue of $7.99 million for the quarter.

Epsilon Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, June 14th were paid a dividend of $0.063 per share. The ex-dividend date was Friday, June 14th. This represents a $0.25 dividend on an annualized basis and a yield of 4.67%. Epsilon Energy’s dividend payout ratio is currently 108.70%.

Insider Buying and Selling

In related news, CEO Jason Stabell bought 14,708 shares of the company’s stock in a transaction that occurred on Wednesday, May 22nd. The shares were acquired at an average price of $5.35 per share, with a total value of $78,687.80. Following the completion of the transaction, the chief executive officer now owns 382,208 shares of the company’s stock, valued at approximately $2,044,812.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 5.53% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Epsilon Energy

Institutional investors have recently bought and sold shares of the business. International Assets Investment Management LLC boosted its stake in Epsilon Energy by 47.3% during the first quarter. International Assets Investment Management LLC now owns 37,705 shares of the company’s stock worth $207,000 after buying an additional 12,110 shares in the last quarter. Empowered Funds LLC boosted its stake in shares of Epsilon Energy by 8.1% in the 1st quarter. Empowered Funds LLC now owns 76,203 shares of the company’s stock valued at $419,000 after purchasing an additional 5,742 shares in the last quarter. Mcintyre Freedman & Flynn Investment Advisers Inc. boosted its stake in shares of Epsilon Energy by 1.8% in the 4th quarter. Mcintyre Freedman & Flynn Investment Advisers Inc. now owns 114,400 shares of the company’s stock valued at $581,000 after purchasing an additional 2,000 shares in the last quarter. Finally, Vanguard Group Inc. boosted its stake in shares of Epsilon Energy by 0.3% in the 1st quarter. Vanguard Group Inc. now owns 958,204 shares of the company’s stock valued at $5,265,000 after purchasing an additional 2,537 shares in the last quarter. Institutional investors and hedge funds own 60.33% of the company’s stock.

Epsilon Energy Company Profile

Epsilon Energy Ltd., a 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.