Epsilon Energy (NASDAQ:EPSN) Posts Quarterly Earnings Results, Misses Estimates By $0.01 EPS

Epsilon Energy (NASDAQ:EPSN - Get Free Report) issued its quarterly earnings data on Wednesday. The company reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.05 by ($0.01), Zacks reports. The firm had revenue of $8.94 million during the quarter, compared to the consensus estimate of $7.20 million. Epsilon Energy had a net margin of 16.97% and a return on equity of 5.31%. During the same quarter in the prior year, the business earned $0.31 earnings per share.

Epsilon Energy Stock Down 3.7 %

Epsilon Energy stock traded down $0.26 during trading hours on Friday, hitting $6.84. 67,173 shares of the company traded hands, compared to its average volume of 39,916. The firm has a market cap of $149.50 million, a P/E ratio of 27.36 and a beta of 0.33. The firm's 50-day simple moving average is $6.48 and its two-hundred day simple moving average is $6.05. Epsilon Energy has a 1-year low of $4.95 and a 1-year high of $7.32.

Epsilon Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Thursday, March 13th will be paid 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 3.65%. Epsilon Energy's payout ratio is 100.00%.

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.