Epsilon Energy (NASDAQ:EPSN) Major Shareholder Sells $185,200.00 in Stock

Epsilon Energy Ltd. (NASDAQ:EPSN) major shareholder Solas Capital Management, Llc sold 40,000 shares of the stock in a transaction on Friday, December 19th. The shares were sold at an average price of $4.63, for a total transaction of $185,200.00. Following the transaction, the insider owned 3,554,613 shares in the company, valued at $16,457,858.19. This trade represents a 1.11% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Large shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

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

• On Monday, December 22nd, Solas Capital Management, Llc sold 9,427 shares of Epsilon Energy stock. The stock was sold at an average price of $4.59, for a total value of $43,269.93.
• 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 stock was sold at an average price of $5.03, for a total value of $125,750.00.
• On Friday, September 26th, Solas Capital Management, Llc sold 25,000 shares of Epsilon Energy stock. The stock was 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 shares were sold at an average price of $5.22, for a total transaction of $127,508.94.

Epsilon Energy Stock Performance

Epsilon Energy stock opened at $4.85 on Thursday. Epsilon Energy Ltd. has a 1 year low of $4.36 and a 1 year high of $8.50. The firm’s 50-day moving average is $4.80 and its 200-day moving average is $5.76. The company has a market cap of $106.91 million, a P/E ratio of 17.94 and a beta of -0.01.

Epsilon Energy (NASDAQ:EPSN) last announced its quarterly earnings data on Wednesday, November 5th. The company reported $0.09 earnings per share for the quarter, beating analysts’ consensus estimates of $0.03 by $0.06. Epsilon Energy had a net margin of 12.86% and a return on equity of 8.27%. The business had revenue of $8.98 million during the quarter, compared to the consensus estimate of $11.50 million. As a group, sell-side analysts predict that Epsilon Energy Ltd. will post 0.2 earnings per share for the current year.

Epsilon Energy Dividend Announcement

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

Institutional Investors Weigh In On Epsilon Energy

A number of hedge funds have recently made changes to their positions in the business. Police & Firemen s Retirement System of New Jersey acquired a new position in shares of Epsilon Energy during the second quarter worth approximately $33,000. BNP Paribas Financial Markets boosted its position in Epsilon Energy by 179.8% during the 3rd quarter. BNP Paribas Financial Markets now owns 6,394 shares of the company’s stock worth $32,000 after acquiring an additional 4,109 shares during the period. 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 worth $58,000 after purchasing an additional 7,100 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Epsilon Energy by 23,847.4% during the second quarter. JPMorgan Chase & Co. now owns 9,100 shares of the company’s stock valued at $67,000 after purchasing an additional 9,062 shares during the period. Finally, D.A. Davidson & CO. acquired a new position in shares of Epsilon Energy during the second quarter valued at $77,000. Institutional investors own 60.33% of the company’s stock.

Analysts Set New Price Targets

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

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.