Epsilon Energy Ltd. (NASDAQ:EPSN) Short Interest Up 17.4% in April
by Scott Moore · The Cerbat GemEpsilon Energy Ltd. (NASDAQ:EPSN – Get Free Report) saw a significant increase in short interest in April. As of April 15th, there was short interest totaling 952,001 shares, an increase of 17.4% from the March 31st total of 810,905 shares. Based on an average daily trading volume, of 229,001 shares, the short-interest ratio is currently 4.2 days. Currently, 3.4% of the shares of the stock are short sold.
Institutional Inflows and Outflows
A number of large investors have recently added to or reduced their stakes in the business. BNP Paribas Financial Markets lifted its holdings 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 buying an additional 4,109 shares during the period. Claro Advisors Inc. bought a new stake in Epsilon Energy in the fourth quarter valued at approximately $53,000. Osaic Holdings Inc. increased its position in Epsilon Energy by 1,014.3% during the 2nd quarter. Osaic Holdings Inc. now owns 7,800 shares of the company’s stock valued at $58,000 after purchasing an additional 7,100 shares during the period. Zions Bancorporation National Association UT bought a new position in Epsilon Energy during the 4th quarter worth approximately $59,000. Finally, NewEdge Advisors LLC bought a new position in Epsilon Energy during the 3rd quarter worth approximately $62,000. Institutional investors own 60.33% of the company’s stock.
Analysts Set New Price Targets
Separately, Weiss Ratings downgraded 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, Epsilon Energy has a consensus rating of “Sell”.
Get Our Latest Research Report on Epsilon Energy
Epsilon Energy Price Performance
Epsilon Energy stock traded down $0.05 during midday trading on Friday, reaching $6.31. The company’s stock had a trading volume of 162,893 shares, compared to its average volume of 183,797. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 0.40. The stock has a market cap of $190.87 million, a PE ratio of -30.05 and a beta of -0.15. Epsilon Energy has a 52 week low of $4.20 and a 52 week high of $8.50. The business has a 50-day moving average price of $5.85 and a 200-day moving average price of $5.13.
Epsilon Energy (NASDAQ:EPSN – Get Free Report) last posted its earnings results on Tuesday, March 24th. The company reported $0.21 EPS for the quarter, topping analysts’ consensus estimates of $0.04 by $0.17. The firm had revenue of $14.82 million during the quarter, compared to analysts’ expectations of $11.36 million. Epsilon Energy had a negative net margin of 9.39% and a positive return on equity of 11.52%.
Epsilon Energy Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Friday, March 13th were issued a dividend of $0.0625 per share. The ex-dividend date of this dividend was Friday, March 13th. This represents a $0.25 annualized dividend and a dividend yield of 4.0%. Epsilon Energy’s dividend payout ratio (DPR) is -119.05%.
Epsilon Energy announced that its Board of Directors has approved a share buyback plan on Thursday, February 26th that permits the company to buyback $0.00 in outstanding shares. This buyback authorization permits the company to repurchase shares of its stock through open market purchases. Shares buyback plans are typically a sign that the company’s management believes its stock is undervalued.
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.