Epsilon Energy Ltd. (NASDAQ:EPSN) Short Interest Down 67.0% in November

Epsilon Energy Ltd. (NASDAQ:EPSN) was the recipient of a significant drop in short interest in November. As of November 15th, there was short interest totalling 17,800 shares, a drop of 67.0% from the October 31st total of 53,900 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average daily volume of 51,500 shares, the days-to-cover ratio is presently 0.3 days.

Institutional Trading of Epsilon Energy

Large investors have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its holdings in shares of Epsilon Energy by 0.3% in the first 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 during the period. International Assets Investment Management LLC increased its holdings in Epsilon Energy by 696.4% during the 3rd quarter. International Assets Investment Management LLC now owns 288,341 shares of the company’s stock worth $1,690,000 after purchasing an additional 252,136 shares during the period. Geode Capital Management LLC raised its position in Epsilon Energy by 11.2% during the 3rd quarter. Geode Capital Management LLC now owns 243,147 shares of the company’s stock valued at $1,425,000 after purchasing an additional 24,437 shares in the last quarter. De Lisle Partners LLP lifted its holdings in shares of Epsilon Energy by 14.3% in the 3rd quarter. De Lisle Partners LLP now owns 146,411 shares of the company’s stock worth $856,000 after buying an additional 18,317 shares during the period. Finally, Empowered Funds LLC increased its stake in shares of Epsilon Energy by 5.2% during the third quarter. Empowered Funds LLC now owns 86,251 shares of the company’s stock valued at $505,000 after buying an additional 4,288 shares during the period. 60.33% of the stock is owned by hedge funds and other institutional investors.

Epsilon Energy Price Performance

Shares of Epsilon Energy stock traded up $0.01 on Wednesday, reaching $5.78. The company had a trading volume of 11,551 shares, compared to its average volume of 45,594. The firm’s 50-day moving average price is $5.84 and its two-hundred day moving average price is $5.52. Epsilon Energy has a 1 year low of $4.70 and a 1 year high of $6.20. The firm has a market cap of $126.33 million, a price-to-earnings ratio of 23.12 and a beta of 0.40.

Epsilon Energy (NASDAQ:EPSN) last posted its quarterly earnings data on Wednesday, November 6th. The company reported $0.02 earnings per share for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.02). The firm had revenue of $7.29 million for 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 quarter last year, the firm earned $0.02 EPS. As a group, analysts anticipate that Epsilon Energy will post 0.2 EPS for the current year.

Epsilon Energy Cuts Dividend

The firm 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 annualized dividend and a dividend yield of 4.33%. Epsilon Energy’s dividend payout ratio (DPR) is 100.00%.

Wall Street Analyst Weigh In

EPSN has been the subject of a number of recent research reports. Roth Capital raised shares of Epsilon Energy to a “strong-buy” rating in a research note on Tuesday, October 1st. Roth Mkm started coverage on Epsilon Energy in a research report on Tuesday, October 1st. They issued a “buy” rating and a $7.00 price target for the company.

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.