Epsilon Energy (NASDAQ:EPSN) Major Shareholder Solas Capital Management, Llc Sells 40,000 Shares

Epsilon Energy Ltd. (NASDAQ:EPSN) major shareholder Solas Capital Management, Llc sold 40,000 shares of Epsilon Energy stock in a transaction dated Friday, December 19th. The stock was sold at an average price of $4.63, for a total value of $185,200.00. Following the completion of the transaction, the insider directly owned 3,554,613 shares of the company’s stock, valued at approximately $16,457,858.19. This trade represents a 1.11% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Major shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

Solas Capital Management, Llc also recently made the following trade(s):

• On Monday, December 22nd, Solas Capital Management, Llc sold 9,427 shares of Epsilon Energy stock. The stock was sold at an average price of $4.59, for a total value of $43,269.93.
• On Thursday, December 18th, Solas Capital Management, Llc sold 25,000 shares of Epsilon Energy stock. The shares were sold at an average price of $4.73, for a total value of $118,250.00.
• On Monday, September 29th, Solas Capital Management, Llc sold 25,000 shares of Epsilon Energy stock. The stock was sold at an average price of $5.03, for a total value of $125,750.00.
• On Friday, September 26th, Solas Capital Management, Llc sold 25,000 shares of Epsilon Energy stock. The stock was sold at an average price of $5.17, for a total transaction of $129,250.00.
• On Thursday, September 25th, Solas Capital Management, Llc sold 24,427 shares of Epsilon Energy stock. The shares were sold at an average price of $5.22, for a total transaction of $127,508.94.

Epsilon Energy Stock Down 0.2%

Shares of NASDAQ EPSN opened at $4.56 on Tuesday. The firm has a market cap of $100.64 million, a PE ratio of 16.89 and a beta of -0.01. Epsilon Energy Ltd. has a 12-month low of $4.36 and a 12-month high of $8.50. The company’s fifty day simple moving average is $4.80 and its 200 day simple moving average is $5.79.

Epsilon Energy (NASDAQ:EPSN) last posted its quarterly earnings results on Wednesday, November 5th. The company reported $0.09 earnings per share for the quarter, beating the consensus estimate of $0.03 by $0.06. Epsilon Energy had a net margin of 12.86% and a return on equity of 8.27%. The firm had revenue of $8.98 million during the quarter, compared to the consensus estimate of $11.50 million. On average, equities analysts predict that Epsilon Energy Ltd. will post 0.2 earnings per share for the current year.

Epsilon Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Monday, December 15th will be given a $0.0625 dividend. This represents a $0.25 dividend on an annualized basis and a yield of 5.5%. The ex-dividend date of this dividend is Monday, December 15th. Epsilon Energy’s payout ratio is presently 92.59%.

Hedge Funds Weigh In On Epsilon Energy

A number of hedge funds have recently added to or reduced their stakes in the stock. Police & Firemen s Retirement System of New Jersey purchased a new stake in shares of Epsilon Energy in the second quarter worth approximately $33,000. BNP Paribas Financial Markets boosted its position in shares of Epsilon Energy by 179.8% during the third quarter. BNP Paribas Financial Markets now owns 6,394 shares of the company’s stock valued at $32,000 after buying an additional 4,109 shares during the last quarter. Osaic Holdings Inc. grew its holdings in Epsilon Energy by 1,014.3% during the second quarter. Osaic Holdings Inc. now owns 7,800 shares of the company’s stock worth $58,000 after buying an additional 7,100 shares in the last quarter. JPMorgan Chase & Co. raised its position in Epsilon Energy by 23,847.4% in the 2nd quarter. JPMorgan Chase & Co. now owns 9,100 shares of the company’s stock valued at $67,000 after buying an additional 9,062 shares during the last quarter. Finally, D.A. Davidson & CO. bought a new position in Epsilon Energy during the 2nd quarter valued at $77,000. Institutional investors and hedge funds own 60.33% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “hold (c-)” rating on shares of Epsilon Energy in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat, Epsilon Energy currently has an average rating of “Hold” and a consensus price target of $8.40.

About Epsilon Energy

Epsilon Energy (NASDAQ: EPSN) is an independent exploration and production company specializing in the acquisition, development and production of unconventional and conventional oil and natural gas properties. Originally founded as Brewster Energy in 2002 and rebranded to Epsilon Energy in 2011, the company pursues a disciplined approach to resource development, leveraging its technical expertise to optimize well performance and manage operational costs.

The company’s core asset base is concentrated in the Appalachian Basin, where it holds acreage in key shale formations across Pennsylvania, West Virginia and Ohio.