Short Interest in Epsilon Energy Ltd. (NASDAQ:EPSN) Expands By 17.4%

Epsilon Energy Ltd. (NASDAQ:EPSN) was the recipient of a significant growth in short interest during the month of April. As of April 15th, there was short interest totaling 952,001 shares, a growth of 17.4% from the March 31st total of 810,905 shares. Based on an average daily volume of 229,001 shares, the short-interest ratio is currently 4.2 days. Currently, 3.4% of the shares of the company are sold short.

Epsilon Energy Price Performance

Shares of EPSN traded down $0.05 during mid-day trading on Friday, reaching $6.31. The stock had a trading volume of 162,893 shares, compared to its average volume of 183,797. The firm has a market cap of $190.87 million, a price-to-earnings ratio of -30.05 and a beta of -0.15. Epsilon Energy has a 12 month low of $4.20 and a 12 month high of $8.50. The business has a fifty day moving average of $5.85 and a 200 day moving average of $5.13. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.31 and a current ratio of 1.31.

Epsilon Energy (NASDAQ:EPSN) last released its earnings results on Tuesday, March 24th. The company reported $0.21 EPS for the quarter, topping the consensus estimate of $0.04 by $0.17. Epsilon Energy had a negative net margin of 9.39% and a positive return on equity of 11.52%. The firm had revenue of $14.82 million for the quarter, compared to the consensus estimate of $11.36 million.

Epsilon Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Friday, March 13th were given a dividend of $0.0625 per share. The ex-dividend date was Friday, March 13th. This represents a $0.25 annualized dividend and a yield of 4.0%. Epsilon Energy’s dividend payout ratio (DPR) is -119.05%.

Epsilon Energy declared that its board has approved a stock buyback plan on Thursday, February 26th that allows the company to buyback $0.00 in shares. This buyback authorization allows the company to reacquire shares of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s leadership believes its shares are undervalued.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings lowered shares of Epsilon Energy from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, March 30th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock presently has an average rating of “Sell”.

Institutional Investors Weigh In On Epsilon Energy

Several institutional investors have recently made changes to their positions in EPSN. Hillman Co. purchased a new position in Epsilon Energy during the 4th quarter valued at about $680,000. Ballast Asset Management LP grew its position in shares of Epsilon Energy by 37.7% in the 3rd quarter. Ballast Asset Management LP now owns 554,727 shares of the company’s stock worth $2,796,000 after buying an additional 151,826 shares during the last quarter. Algert Global LLC purchased a new position in shares of Epsilon Energy in the 3rd quarter worth approximately $118,000. Jump Financial LLC purchased a new position in shares of Epsilon Energy in the 2nd quarter worth approximately $99,000. Finally, Invesco Ltd. purchased a new position in shares of Epsilon Energy in the 2nd quarter worth approximately $94,000. Institutional investors own 60.33% of the company’s stock.

Epsilon Energy Company Profile

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.