Epsilon Energy Ltd. (NASDAQ:EPSN) Short Interest Update

Epsilon Energy Ltd. (NASDAQ:EPSN - Get Free Report) was the recipient of a significant growth in short interest in the month of March. As of March 31st, there was short interest totalling 48,500 shares, a growth of 40.2% from the March 15th total of 34,600 shares. Based on an average trading volume of 46,300 shares, the days-to-cover ratio is currently 1.0 days. Currently, 0.3% of the shares of the company are short sold.

Analyst Upgrades and Downgrades

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

Institutional Investors Weigh In On Epsilon Energy

A number of institutional investors and hedge funds have recently bought and sold shares of EPSN. Barclays PLC bought a new position in shares of Epsilon Energy during the 3rd quarter valued at about $54,000. Jane Street Group LLC purchased a new position in Epsilon Energy during the 4th quarter valued at approximately $67,000. Y Intercept Hong Kong Ltd bought a new position in shares of Epsilon Energy during the 4th quarter valued at approximately $82,000. Ritholtz Wealth Management purchased a new position in shares of Epsilon Energy in the first quarter valued at $151,000. Finally, Meixler Investment Management Ltd. grew its holdings in shares of Epsilon Energy by 22.6% in the fourth quarter. Meixler Investment Management Ltd. now owns 28,580 shares of the company's stock valued at $177,000 after purchasing an additional 5,275 shares in the last quarter. 60.33% of the stock is owned by institutional investors.

Epsilon Energy Price Performance

Shares of EPSN traded down $0.31 on Monday, reaching $6.48. The company's stock had a trading volume of 55,184 shares, compared to its average volume of 41,576. Epsilon Energy has a 12-month low of $4.95 and a 12-month high of $7.32. The stock has a market capitalization of $142.62 million, a P/E ratio of 25.92 and a beta of 0.21. The stock's 50 day simple moving average is $6.66 and its two-hundred day simple moving average is $6.25.

Epsilon Energy (NASDAQ:EPSN - Get Free Report) last announced its earnings results on Wednesday, March 19th. The company reported $0.04 EPS for the quarter, missing analysts' consensus estimates 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 during the quarter, compared to the consensus estimate of $7.20 million. During the same period in the prior year, the business posted $0.31 earnings per share. Analysts expect that Epsilon Energy will post 0.2 earnings per share for the current year.

Epsilon Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Thursday, March 13th were given a dividend of $0.0625 per share. The ex-dividend date was Thursday, March 13th. This represents a $0.25 annualized dividend and a dividend yield of 3.86%. Epsilon Energy's payout ratio is 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.