Epsilon Energy (NASDAQ:EPSN) Announces Share Repurchase Program

Epsilon Energy (NASDAQ:EPSN) declared that its board has approved a share buyback plan on Thursday, February 26th, RTT News reports. The company plans to repurchase $0.00 in shares. This repurchase authorization permits the company to buy shares of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s leadership believes its stock is undervalued.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “hold (c-)” rating on shares of Epsilon Energy in a report on Thursday, January 22nd. One analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $8.40.

Epsilon Energy Stock Up 0.8%

Shares of Epsilon Energy stock opened at $4.91 on Friday. Epsilon Energy has a twelve month low of $4.20 and a twelve month high of $8.50. The company’s 50 day moving average is $4.69 and its 200 day moving average is $4.99. The company has a market cap of $146.76 million, a price-to-earnings ratio of 18.19 and a beta of -0.05.

Insider Activity at Epsilon Energy

In related news, major shareholder Solas Capital Management, Llc sold 9,427 shares of the company’s stock in a transaction on Monday, December 22nd. The stock was sold at an average price of $4.59, for a total transaction of $43,269.93. Following the completion of the sale, the insider owned 3,545,186 shares in the company, valued at approximately $16,272,403.74. This represents a 0.27% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders sold a total of 74,427 shares of company stock valued at $346,720 over the last three months. Insiders own 7.10% of the company’s stock.

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.