Solas Capital Management, Llc Sells 9,427 Shares of Epsilon Energy (NASDAQ:EPSN) Stock

Epsilon Energy Ltd. (NASDAQ:EPSN) major shareholder Solas Capital Management, Llc sold 9,427 shares of the company’s stock in a transaction dated Monday, December 22nd. The stock was sold at an average price of $4.59, for a total value of $43,269.93. Following the sale, the insider owned 3,545,186 shares in the company, valued at $16,272,403.74. The trade was a 0.27% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Major shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Solas Capital Management, Llc also recently made the following trade(s):

• On Friday, December 19th, Solas Capital Management, Llc sold 40,000 shares of Epsilon Energy stock. The stock was sold at an average price of $4.63, for a total value of $185,200.00.
• On Thursday, December 18th, Solas Capital Management, Llc sold 25,000 shares of Epsilon Energy stock. The shares were sold at an average price of $4.73, for a total value of $118,250.00.
• On Monday, September 29th, Solas Capital Management, Llc sold 25,000 shares of Epsilon Energy stock. The shares were sold at an average price of $5.03, for a total transaction of $125,750.00.
• On Friday, September 26th, Solas Capital Management, Llc sold 25,000 shares of Epsilon Energy stock. The shares were sold at an average price of $5.17, for a total transaction of $129,250.00.
• On Thursday, September 25th, Solas Capital Management, Llc sold 24,427 shares of Epsilon Energy stock. The stock was sold at an average price of $5.22, for a total transaction of $127,508.94.

Epsilon Energy Price Performance

Shares of EPSN stock opened at $4.77 on Wednesday. The company has a fifty day moving average price of $4.79 and a two-hundred day moving average price of $5.77. Epsilon Energy Ltd. has a one year low of $4.36 and a one year high of $8.50. The stock has a market cap of $105.27 million, a P/E ratio of 17.67 and a beta of -0.01.

Epsilon Energy (NASDAQ:EPSN) last released its quarterly earnings data on Wednesday, November 5th. The company reported $0.09 earnings per share for the quarter, topping the consensus estimate of $0.03 by $0.06. Epsilon Energy had a net margin of 12.86% and a return on equity of 8.27%. The company had revenue of $8.98 million for the quarter, compared to analyst estimates of $11.50 million. As a group, equities research analysts anticipate that Epsilon Energy Ltd. will post 0.2 EPS for the current fiscal year.

Epsilon Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Monday, December 15th will be given a $0.0625 dividend. This represents a $0.25 dividend on an annualized basis and a dividend yield of 5.2%. The ex-dividend date of this dividend is Monday, December 15th. Epsilon Energy’s dividend payout ratio (DPR) is presently 92.59%.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “hold (c-)” rating on shares of Epsilon Energy in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $8.40.

Hedge Funds Weigh In On Epsilon Energy

Large investors have recently made changes to their positions in the company. BNP Paribas Financial Markets boosted its stake in Epsilon Energy by 179.8% in the 3rd quarter. BNP Paribas Financial Markets now owns 6,394 shares of the company’s stock valued at $32,000 after purchasing an additional 4,109 shares during the period. Police & Firemen s Retirement System of New Jersey bought a new stake in shares of Epsilon Energy in the second quarter valued at about $33,000. Osaic Holdings Inc. grew its stake in shares of Epsilon Energy by 1,014.3% in the second quarter. Osaic Holdings Inc. now owns 7,800 shares of the company’s stock valued at $58,000 after acquiring an additional 7,100 shares in the last quarter. NewEdge Advisors LLC bought a new position in Epsilon Energy during the third quarter worth about $62,000. Finally, JPMorgan Chase & Co. raised its stake in Epsilon Energy by 23,847.4% in the 2nd quarter. JPMorgan Chase & Co. now owns 9,100 shares of the company’s stock worth $67,000 after purchasing an additional 9,062 shares in the last quarter. Institutional investors own 60.33% of the company’s stock.

About Epsilon Energy

Epsilon Energy (NASDAQ: EPSN) is an independent exploration and production company specializing in the acquisition, development and production of unconventional and conventional oil and natural gas properties. Originally founded as Brewster Energy in 2002 and rebranded to Epsilon Energy in 2011, the company pursues a disciplined approach to resource development, leveraging its technical expertise to optimize well performance and manage operational costs.

The company’s core asset base is concentrated in the Appalachian Basin, where it holds acreage in key shale formations across Pennsylvania, West Virginia and Ohio.