Epsilon Energy (NASDAQ:EPSN) Shares Break Below 200 Day Moving Average – Here’s Why

Epsilon Energy Ltd. (NASDAQ:EPSN) passed below its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of $5.72 and traded as low as $5.48. Epsilon Energy shares last traded at $5.5730, with a volume of 115,508 shares changing hands.

Wall Street Analyst Weigh In

Separately, Weiss Ratings raised shares of Epsilon Energy from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday, October 23rd. One research analyst has rated the stock with a Hold rating. Based on data from MarketBeat, the company has an average rating of “Hold”.

Epsilon Energy Trading Down 1.0%

The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.31. The company has a market capitalization of $156.55 million and a P/E ratio of -24.62. The business has a 50 day moving average price of $6.04 and a 200 day moving average price of $5.72.

Epsilon Energy (NASDAQ:EPSN) last released its quarterly earnings data on Wednesday, August 12th. The company reported ($0.03) earnings per share for the quarter. The firm had revenue of $18.26 million for the quarter. Epsilon Energy had a positive return on equity of 5.56% and a negative net margin of 3.77%.

Epsilon Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th were issued a $0.0625 dividend. This represents a $0.25 annualized dividend and a dividend yield of 4.8%. The ex-dividend date was Tuesday, September 15th. Epsilon Energy’s dividend payout ratio is -119.05%.

Institutional Investors Weigh In On Epsilon Energy

A number of hedge funds and other institutional investors have recently made changes to their positions in EPSN. Solas Capital Management LLC bought a new stake in Epsilon Energy in the 2nd quarter valued at approximately $18,777,000. BlackRock Inc. acquired a new position in Epsilon Energy during the 2nd quarter worth approximately $5,486,000. Punch & Associates Investment Management Inc. bought a new position in shares of Epsilon Energy during the 2nd quarter worth approximately $2,742,000. Sei Investments Co. grew its stake in shares of Epsilon Energy by 99.9% during the 1st quarter. Sei Investments Co. now owns 484,665 shares of the company’s stock worth $2,986,000 after acquiring an additional 242,196 shares in the last quarter. Finally, De Lisle Partners LLP acquired a new stake in shares of Epsilon Energy in the second quarter valued at approximately $899,000. 60.33% of the stock is currently owned by institutional investors and hedge funds.

About Epsilon Energy

Epsilon Energy Ltd. (NASDAQ: EPSN) is an independent energy company engaged in the acquisition, development, exploration and production of oil and natural gas assets in North America. Its operations are focused primarily on unconventional resource plays and related midstream infrastructure.

The company’s principal asset base is associated with the Marcellus Shale in northeastern Pennsylvania, where Epsilon holds interests in natural gas wells and gathering systems. These assets provide exposure to natural gas production and infrastructure serving regional energy markets.