Epsilon Energy Ltd. (NASDAQ:EPSN) Short Interest Up 26.0% in December

Epsilon Energy Ltd. (NASDAQ:EPSN) was the recipient of a large growth in short interest in December. As of December 15th, there was short interest totaling 671,442 shares, a growth of 26.0% from the November 30th total of 532,711 shares. Currently, 3.3% of the company’s stock are sold short. Based on an average trading volume of 110,799 shares, the short-interest ratio is presently 6.1 days. Based on an average trading volume of 110,799 shares, the short-interest ratio is presently 6.1 days. Currently, 3.3% of the company’s stock are sold short.

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 research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $8.40.

Insiders Place Their Bets

In other news, major shareholder Solas Capital Management, Llc sold 40,000 shares of the firm’s stock in a transaction that occurred on Friday, December 19th. The shares were sold at an average price of $4.63, for a total transaction 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 $16,457,858.19. This trade represents a 1.11% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Over the last three months, insiders sold 74,427 shares of company stock worth $346,720. Corporate insiders own 7.10% of the company’s stock.

Hedge Funds Weigh In On Epsilon Energy

Hedge funds and other institutional investors have recently bought and sold shares of the business. JPMorgan Chase & Co. raised its stake in Epsilon Energy by 181.9% in the third quarter. JPMorgan Chase & Co. now owns 25,656 shares of the company’s stock valued at $129,000 after buying an additional 16,556 shares during the period. NewEdge Advisors LLC acquired a new position in shares of Epsilon Energy during the 3rd quarter worth approximately $62,000. Punch & Associates Investment Management Inc. raised its stake in Epsilon Energy by 47.7% in the 3rd quarter. Punch & Associates Investment Management Inc. now owns 311,905 shares of the company’s stock valued at $1,572,000 after acquiring an additional 100,705 shares during the period. Citadel Advisors LLC raised its stake in Epsilon Energy by 10.7% in the 3rd quarter. Citadel Advisors LLC now owns 113,942 shares of the company’s stock valued at $574,000 after acquiring an additional 11,000 shares during the period. Finally, Bank of America Corp DE lifted its holdings in Epsilon Energy by 128.7% during the 3rd quarter. Bank of America Corp DE now owns 38,407 shares of the company’s stock valued at $194,000 after purchasing an additional 21,615 shares during the last quarter. Institutional investors own 60.33% of the company’s stock.

Epsilon Energy Trading Down 1.3%

NASDAQ EPSN opened at $4.64 on Friday. Epsilon Energy has a 12 month low of $4.36 and a 12 month high of $8.50. The stock has a 50 day moving average of $4.79 and a 200-day moving average of $5.64. The company has a market cap of $102.40 million, a PE ratio of 17.19 and a beta of -0.04.

Epsilon Energy (NASDAQ:EPSN) last posted its quarterly earnings results on Wednesday, November 5th. The company reported $0.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.03 by $0.06. The firm had revenue of $8.98 million for the quarter, compared to analyst estimates of $11.50 million. Epsilon Energy had a net margin of 12.86% and a return on equity of 8.27%. As a group, sell-side analysts predict that Epsilon Energy will post 0.2 EPS for the current fiscal year.

Epsilon Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Monday, December 15th were issued a $0.0625 dividend. This represents a $0.25 dividend on an annualized basis and a dividend yield of 5.4%. The ex-dividend date of this dividend was Monday, December 15th. Epsilon Energy’s dividend payout ratio is presently 92.59%.

Epsilon Energy Company Profile

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.