Short Interest in Epsilon Energy Ltd. (NASDAQ:EPSN) Decreases By 14.2%

Epsilon Energy Ltd. (NASDAQ:EPSN) was the target of a significant decrease in short interest in April. As of April 15th, there was short interest totalling 41,600 shares, a decrease of 14.2% from the March 31st total of 48,500 shares. Based on an average trading volume of 48,900 shares, the days-to-cover ratio is currently 0.9 days. Currently, 0.2% of the company’s stock are short sold.

Analysts Set New Price Targets

Separately, Roth Capital set a $8.40 price target on shares of Epsilon Energy in a research note on Thursday, April 3rd.

Hedge Funds Weigh In On Epsilon Energy

Hedge funds have recently added to or reduced their stakes in the stock. Geode Capital Management LLC raised its holdings in shares of Epsilon Energy by 11.2% in the third 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 during the last quarter. Barclays PLC bought a new stake in shares of Epsilon Energy in the 3rd quarter worth approximately $54,000. Y Intercept Hong Kong Ltd purchased a new position in Epsilon Energy in the fourth quarter valued at approximately $82,000. LPL Financial LLC grew its holdings in Epsilon Energy by 9.5% during the fourth quarter. LPL Financial LLC now owns 144,230 shares of the company’s stock valued at $896,000 after purchasing an additional 12,550 shares during the period. Finally, Empowered Funds LLC grew its stake in shares of Epsilon Energy by 4.8% during the 4th quarter. Empowered Funds LLC now owns 90,366 shares of the company’s stock worth $561,000 after acquiring an additional 4,115 shares during the period. Institutional investors and hedge funds own 60.33% of the company’s stock.

Epsilon Energy Stock Performance

Shares of NASDAQ:EPSN opened at $6.92 on Monday. Epsilon Energy has a 52-week low of $4.95 and a 52-week high of $7.32. The business’s 50 day simple moving average is $6.80 and its two-hundred day simple moving average is $6.32. The firm has a market cap of $152.36 million, a P/E ratio of 27.68 and a beta of 0.17.

Epsilon Energy (NASDAQ:EPSN) last posted its quarterly earnings results on Wednesday, March 19th. The company reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.05 by ($0.01). Epsilon Energy had a net margin of 16.97% and a return on equity of 5.31%. The business had revenue of $8.94 million during the quarter, compared to analyst estimates of $7.20 million. During the same period in the previous year, the business posted $0.31 EPS. On average, equities analysts forecast that Epsilon Energy will post 0.2 earnings per share for the current fiscal year.

Epsilon Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Thursday, March 13th were issued a $0.0625 dividend. The ex-dividend date was Thursday, March 13th. This represents a $0.25 dividend on an annualized basis and a dividend yield of 3.61%. Epsilon Energy’s dividend payout ratio is presently 250.00%.

About Epsilon Energy

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.