Epsilon Energy Ltd. (NASDAQ:EPSN) Short Interest Up 40.2% in March

Epsilon Energy Ltd. (NASDAQ:EPSN) was the target of a significant increase in short interest in the month of March. As of March 31st, there was short interest totalling 48,500 shares, an increase of 40.2% from the March 15th total of 34,600 shares. Currently, 0.3% of the shares of the stock are short sold. Based on an average daily trading volume, of 46,300 shares, the short-interest ratio is presently 1.0 days.

Institutional Trading of Epsilon Energy

Hedge funds have recently added to or reduced their stakes in the stock. Barclays PLC acquired a new stake in shares of Epsilon Energy during the 3rd quarter valued at $54,000. Geode Capital Management LLC increased its stake in shares of Epsilon Energy by 11.2% in the third quarter. Geode Capital Management LLC now owns 243,147 shares of the company’s stock valued at $1,425,000 after buying an additional 24,437 shares during the period. Empowered Funds LLC raised its holdings in Epsilon Energy by 4.8% in the 4th quarter. Empowered Funds LLC now owns 90,366 shares of the company’s stock valued at $561,000 after buying an additional 4,115 shares during the last quarter. Meixler Investment Management Ltd. increased its position in Epsilon Energy by 22.6% in the 4th quarter. Meixler Investment Management Ltd. now owns 28,580 shares of the company’s stock valued at $177,000 after acquiring an additional 5,275 shares during the period. Finally, Y Intercept Hong Kong Ltd acquired a new stake in Epsilon Energy in the fourth quarter valued at $82,000. Institutional investors and hedge funds own 60.33% of the company’s stock.

Epsilon Energy Trading Up 7.3 %

NASDAQ EPSN opened at $6.79 on Friday. Epsilon Energy has a 1 year low of $4.95 and a 1 year high of $7.32. The firm has a market capitalization of $149.44 million, a price-to-earnings ratio of 27.16 and a beta of 0.21. The firm’s 50 day simple moving average is $6.65 and its 200 day simple moving average is $6.25.

Epsilon Energy (NASDAQ:EPSN) last announced its quarterly earnings data on Wednesday, March 19th. The company reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.05 by ($0.01). The business had revenue of $8.94 million for the quarter, compared to the consensus estimate of $7.20 million. Epsilon Energy had a return on equity of 5.31% and a net margin of 16.97%. During the same quarter in the prior year, the company earned $0.31 earnings per share. On average, equities research analysts forecast that Epsilon Energy will post 0.2 earnings per share for the current year.

Epsilon Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors 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 3.68%. The ex-dividend date of this dividend was Thursday, March 13th. Epsilon Energy’s dividend payout ratio is 250.00%.

Analysts Set New Price Targets

Separately, Roth Capital set a $8.40 price objective on Epsilon Energy in a research note on Thursday, April 3rd.

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.