Paragon Associates & Paragon Associates II Joint Venture Lowers Position in Epsilon Energy Ltd. (NASDAQ:EPSN)

Paragon Associates & Paragon Associates II Joint Venture lowered its position in Epsilon Energy Ltd. (NASDAQ:EPSN - Free Report) by 6.9% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 745,000 shares of the company's stock after selling 55,000 shares during the period. Epsilon Energy comprises approximately 10.7% of Paragon Associates & Paragon Associates II Joint Venture's holdings, making the stock its 4th largest position. Paragon Associates & Paragon Associates II Joint Venture owned 3.41% of Epsilon Energy worth $4,626,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the business. Mcintyre Freedman & Flynn Investment Advisers Inc. grew its position in shares of Epsilon Energy by 1.5% during the fourth quarter. Mcintyre Freedman & Flynn Investment Advisers Inc. now owns 117,077 shares of the company's stock valued at $727,000 after purchasing an additional 1,677 shares in the last quarter. Empowered Funds LLC boosted its holdings in shares of Epsilon Energy by 4.8% in the 4th quarter. Empowered Funds LLC now owns 90,366 shares of the company's stock worth $561,000 after purchasing an additional 4,115 shares during the period. Meixler Investment Management Ltd. increased its position in shares of Epsilon Energy by 22.6% during the 4th 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 during the last quarter. Barclays PLC purchased a new stake in Epsilon Energy during the 3rd quarter valued at $54,000. Finally, LPL Financial LLC raised its stake in shares of Epsilon Energy by 9.5% in the fourth quarter. LPL Financial LLC now owns 144,230 shares of the company's stock valued at $896,000 after acquiring an additional 12,550 shares during the period. Hedge funds and other institutional investors own 60.33% of the company's stock.

Epsilon Energy Stock Performance

NASDAQ EPSN traded down $0.55 during trading on Friday, hitting $6.34. The stock had a trading volume of 62,234 shares, compared to its average volume of 40,824. Epsilon Energy Ltd. has a one year low of $4.95 and a one year high of $7.32. The stock has a 50 day simple moving average of $6.58 and a 200 day simple moving average of $6.18. The stock has a market capitalization of $139.54 million, a price-to-earnings ratio of 25.36 and a beta of 0.21.

Epsilon Energy (NASDAQ:EPSN - Get Free Report) last released its earnings results on Wednesday, March 19th. The company reported $0.04 earnings per share 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 business had revenue of $8.94 million during the quarter, compared to analysts' expectations of $7.20 million. During the same quarter in the previous year, the business earned $0.31 EPS. On average, sell-side analysts predict that Epsilon Energy Ltd. will post 0.2 EPS for the current year.

Epsilon Energy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Thursday, March 13th were given a dividend of $0.0625 per share. This represents a $0.25 dividend on an annualized basis and a yield of 3.94%. The ex-dividend date was Thursday, March 13th. Epsilon Energy's dividend payout ratio (DPR) is presently 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.