Roth Capital Predicts Reduced Earnings for Epsilon Energy

Epsilon Energy Ltd. (NASDAQ:EPSN - Free Report) - Stock analysts at Roth Capital lowered their Q3 2024 earnings per share estimates for shares of Epsilon Energy in a research note issued to investors on Wednesday, October 23rd. Roth Capital analyst J. White now forecasts that the company will post earnings per share of $0.04 for the quarter, down from their prior forecast of $0.05. Roth Capital has a "Strong-Buy" rating on the stock. The consensus estimate for Epsilon Energy's current full-year earnings is $0.24 per share. Roth Capital also issued estimates for Epsilon Energy's Q4 2024 earnings at $0.05 EPS, FY2024 earnings at $0.20 EPS, Q1 2025 earnings at $0.08 EPS, Q2 2025 earnings at $0.09 EPS, Q3 2025 earnings at $0.12 EPS and Q4 2025 earnings at $0.07 EPS.

Separately, Roth Mkm assumed coverage on shares of Epsilon Energy in a research note on Tuesday, October 1st. They issued a "buy" rating and a $7.00 price objective on the stock.

Epsilon Energy Trading Down 2.1 %

EPSN stock traded down $0.13 during mid-day trading on Thursday, hitting $6.00. The stock had a trading volume of 32,176 shares, compared to its average volume of 48,452. The firm has a fifty day simple moving average of $5.57 and a 200 day simple moving average of $5.44. The firm has a market capitalization of $131.53 million, a P/E ratio of 26.09 and a beta of 0.39. Epsilon Energy has a 52 week low of $4.70 and a 52 week high of $6.20.

Epsilon Energy (NASDAQ:EPSN - Get Free Report) last issued its quarterly earnings results on Tuesday, August 13th. The company reported $0.04 EPS for the quarter. Epsilon Energy had a return on equity of 5.31% and a net margin of 17.59%. The company had revenue of $7.31 million for the quarter.

Epsilon Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Friday, September 13th were given a dividend of $0.063 per share. The ex-dividend date of this dividend was Friday, September 13th. This represents a $0.25 annualized dividend and a dividend yield of 4.20%. Epsilon Energy's dividend payout ratio is currently 108.70%.

Insider Activity at Epsilon Energy

In other Epsilon Energy news, CEO Jason Stabell bought 9,139 shares of the stock in a transaction on Friday, August 16th. The stock was purchased at an average price of $5.28 per share, with a total value of $48,253.92. Following the completion of the purchase, the chief executive officer now owns 396,339 shares in the company, valued at $2,092,669.92. The trade was a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. 5.53% of the stock is currently owned by insiders.

Institutional Trading of Epsilon Energy

A number of hedge funds and other institutional investors have recently modified their holdings of EPSN. Vanguard Group Inc. boosted its holdings in shares of Epsilon Energy by 0.3% during the 1st quarter. Vanguard Group Inc. now owns 958,204 shares of the company's stock valued at $5,265,000 after acquiring an additional 2,537 shares in the last quarter. Empowered Funds LLC grew its holdings in shares of Epsilon Energy by 8.1% during the first quarter. Empowered Funds LLC now owns 76,203 shares of the company's stock worth $419,000 after purchasing an additional 5,742 shares during the last quarter. International Assets Investment Management LLC increased its stake in shares of Epsilon Energy by 47.3% in the first quarter. International Assets Investment Management LLC now owns 37,705 shares of the company's stock valued at $207,000 after buying an additional 12,110 shares during the period. Perritt Capital Management Inc bought a new position in Epsilon Energy in the 2nd quarter valued at approximately $109,000. Finally, Meixler Investment Management Ltd. boosted its position in Epsilon Energy by 159.7% during the 2nd quarter. Meixler Investment Management Ltd. now owns 32,605 shares of the company's stock worth $178,000 after buying an additional 20,050 shares during the period. Institutional investors own 60.33% of the company's stock.

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.