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

Epsilon Energy Ltd. (NASDAQ:EPSN) announced a quarterly dividend on Wednesday, November 27th,Wall Street Journal reports. Shareholders 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 yield of 4.33%. The ex-dividend date of this dividend is Monday, December 16th.

Epsilon Energy has a dividend 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 Trading Up 0.2 %

Shares of Epsilon Energy stock opened at $5.78 on Thursday. The stock has a fifty day simple moving average of $5.85 and a 200 day simple moving average of $5.52. Epsilon Energy has a 12-month low of $4.70 and a 12-month high of $6.20. The company has a market capitalization of $126.33 million, a P/E ratio of 23.12 and a beta of 0.40.

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). Epsilon Energy had a net margin of 16.97% and a return on equity of 5.31%. The firm had revenue of $7.29 million during the quarter, compared to analysts’ expectations of $6.89 million. During the same quarter in the prior year, the company earned $0.02 EPS. On average, analysts predict that Epsilon Energy will post 0.2 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts have commented 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 set a “buy” rating and a $7.00 price target on the 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.