Epsilon Energy Ltd. (NASDAQ:EPSN) Short Interest Up 45.6% in December

Epsilon Energy Ltd. (NASDAQ:EPSN - Get Free Report) was the target of a large growth in short interest in December. As of December 15th, there was short interest totalling 50,800 shares, a growth of 45.6% from the November 30th total of 34,900 shares. Based on an average daily trading volume, of 28,700 shares, the short-interest ratio is presently 1.8 days. Currently, 0.3% of the company's stock are sold short.

Analysts Set New Price Targets

Several brokerages have issued reports on EPSN. Roth Capital upgraded Epsilon Energy to a "strong-buy" rating in a report on Tuesday, October 1st. Roth Mkm initiated coverage on Epsilon Energy in a report on Tuesday, October 1st. They issued a "buy" rating and a $7.00 target price on the stock.

Institutional Investors Weigh In On Epsilon Energy

A number of hedge funds have recently made changes to their positions in the business. Barclays PLC purchased a new position in Epsilon Energy in the third quarter valued at approximately $54,000. Perritt Capital Management Inc purchased a new position in shares of Epsilon Energy during the 2nd quarter valued at $109,000. Empowered Funds LLC grew its stake in shares of Epsilon Energy by 5.2% during the 3rd quarter. Empowered Funds LLC now owns 86,251 shares of the company's stock worth $505,000 after acquiring an additional 4,288 shares during the period. De Lisle Partners LLP increased 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 acquiring an additional 18,317 shares during the last quarter. Finally, Geode Capital Management LLC increased 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 acquiring an additional 24,437 shares during the last quarter. 60.33% of the stock is currently owned by institutional investors.

Epsilon Energy Price Performance

Shares of NASDAQ EPSN traded up $0.22 during trading on Monday, hitting $6.09. The stock had a trading volume of 20,769 shares, compared to its average volume of 43,850. The firm has a fifty day moving average of $5.86 and a two-hundred day moving average of $5.60. The company has a market capitalization of $133.11 million, a PE ratio of 24.36 and a beta of 0.39. Epsilon Energy has a 12 month low of $4.70 and a 12 month high of $6.20.

Epsilon Energy (NASDAQ:EPSN - Get Free Report) last posted its earnings results on Wednesday, November 6th. The company reported $0.02 EPS for the quarter, missing the consensus estimate of $0.04 by ($0.02). The firm had revenue of $7.29 million for the quarter, compared to the consensus estimate of $6.89 million. Epsilon Energy had a return on equity of 5.31% and a net margin of 16.97%. During the same period in the prior year, the business earned $0.02 EPS. On average, equities analysts expect that Epsilon Energy will post 0.2 earnings per share for the current fiscal year.

Epsilon Energy Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th will be given a dividend of $0.0625 per share. This represents a $0.25 annualized dividend and a dividend yield of 4.11%. The ex-dividend date of this dividend is Monday, December 16th. Epsilon Energy's dividend payout ratio is presently 100.00%.

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.