Epsilon Energy Ltd. (NASDAQ:EPSN) Short Interest Down 21.4% in February

Epsilon Energy Ltd. (NASDAQ:EPSN - Get Free Report) was the recipient of a large decrease in short interest during the month of February. As of February 28th, there was short interest totalling 28,200 shares, a decrease of 21.4% from the February 13th total of 35,900 shares. Based on an average daily volume of 35,000 shares, the days-to-cover ratio is currently 0.8 days. Approximately 0.2% of the shares of the stock are sold short.

Epsilon Energy Stock Down 3.1 %

Shares of Epsilon Energy stock traded down $0.22 during trading on Friday, hitting $6.88. 25,511 shares of the stock traded hands, compared to its average volume of 39,792. The firm's fifty day moving average is $6.47 and its 200-day moving average is $6.03. Epsilon Energy has a 52 week low of $4.95 and a 52 week high of $7.32. The stock has a market cap of $150.38 million, a price-to-earnings ratio of 27.52 and a beta of 0.33.

Epsilon Energy (NASDAQ:EPSN - Get Free Report) 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 return on equity of 5.31% and a net margin of 16.97%. The company had revenue of $8.94 million for the quarter, compared to the consensus estimate of $7.20 million. During the same quarter in the previous year, the business earned $0.31 earnings per share. On average, analysts forecast that Epsilon Energy will post 0.2 earnings per share for the current fiscal year.

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Epsilon Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Thursday, March 13th will be given a dividend of $0.0625 per share. The ex-dividend date of this dividend is Thursday, March 13th. This represents a $0.25 annualized dividend and a yield of 3.63%. Epsilon Energy's payout ratio is 100.00%.

Hedge Funds Weigh In On Epsilon Energy

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Empowered Funds LLC lifted its holdings in Epsilon Energy by 5.2% in the 3rd quarter. Empowered Funds LLC now owns 86,251 shares of the company's stock worth $505,000 after buying an additional 4,288 shares during the period. De Lisle Partners LLP lifted its holdings in 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. Barclays PLC purchased a new stake in Epsilon Energy in the 3rd quarter worth approximately $54,000. Geode Capital Management LLC lifted its holdings in Epsilon Energy by 11.2% in the 3rd quarter. Geode Capital Management LLC now owns 243,147 shares of the company's stock worth $1,425,000 after buying an additional 24,437 shares during the period. Finally, Meixler Investment Management Ltd. lifted its holdings in Epsilon Energy by 22.6% in the 4th quarter. Meixler Investment Management Ltd. now owns 28,580 shares of the company's stock worth $177,000 after buying an additional 5,275 shares during the period. 60.33% of the stock is currently owned by institutional investors.

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.