Epsilon Energy Ltd. (NASDAQ:EPSN – Get Rating) saw a sharp decline in short-term interest during the month of June. As of June 15, there was short interest totaling 54,100 shares, down 33.7% from the May 31 total of 81,600 shares. Currently, 0.2% of the stock’s shares are sold short. Based on an average trading volume of 213,100 shares, the day-to-cover ratio is currently 0.3 days.
In other Epsilon Energy news, director Jason Stankowski sold 61,945 shares of the company in a trade dated Tuesday, May 17. The shares were sold at an average price of $7.05, for a total value of $436,712.25. Following the completion of the sale, the director now directly owns 397,922 shares of the company, valued at approximately $2,805,350.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available via this hyperlink. Additionally, major shareholder Solas Capital Management, Llc sold 31,642 shares of the company in a transaction dated Thursday, May 5. The shares were sold at an average price of $7.50, for a total transaction of $237,315.00. Following the completion of the sale, the insider now directly owns 4,093,495 shares of the company, valued at $30,701,212.50. The disclosure of this sale can be found here. Insiders sold a total of 627,868 shares of the company valued at $4,477,199 over the past three months. 25.70% of the shares are held by company insiders.
Several institutional investors and hedge funds have recently changed their holdings in the company. State Street Corp increased its equity stake in Epsilon Energy by 9.3% in the first quarter. State Street Corp now owns 71,380 shares of the company valued at $460,000 after purchasing an additional 6,080 shares during the period. Dimensional Fund Advisors LP increased its equity stake in Epsilon Energy by 4.7% in Q1. Dimensional Fund Advisors LP now owns 185,069 shares of the company valued at $1,194,000 after purchasing an additional 8,277 shares during the period. Acadian Asset Management LLC increased its equity stake in Epsilon Energy by 38.3% in the fourth quarter. Acadian Asset Management LLC now owns 39,760 shares of the company valued at $224,000 after purchasing an additional 11,009 shares during the period. BlackRock Inc. increased its stake in Epsilon Energy by 1,029.2% in the third quarter. BlackRock Inc. now owns 34,374 shares of the company worth $222,000 after purchasing an additional 31,330 shares in the last quarter. Finally, Renaissance Technologies LLC increased its stake in Epsilon Energy by 43.2% in the first quarter. Renaissance Technologies LLC now owns 130,489 shares of the company worth $842,000 after purchasing an additional 39,389 shares in the last quarter. Institutional investors hold 48.75% of the company’s shares.
EPSN stock traded down $0.26 by midday on Friday, hitting $6.15. 175,776 shares of the stock traded in hands, compared to its average volume of 135,521. Epsilon Energy has a 52-week low of $4.61 and a 52-week high of $7.99. The company has a market capitalization of $146.20 million, a P/E ratio of 10.08 and a beta of 0.20. The stock’s fifty-day moving average is $6.80 and its 200-day moving average is $6.20.
Epsilon Energy Inc (NASDAQ:EPSN – Get Rating) last released its quarterly earnings data on Wednesday, May 11. The company reported EPS of $0.24 for the quarter. Epsilon Energy posted a net margin of 30.93% and a return on equity of 19.31%. The company had revenue of $13.60 million in the quarter.
The company also recently announced a quarterly dividend, which was paid on Thursday, June 30. Shareholders of record on Wednesday, June 15 received a dividend of $0.063. The ex-dividend date was Tuesday, June 14. This represents a dividend of $0.25 on an annualized basis and a dividend yield of 4.10%. Epsilon Energy’s dividend payout ratio is 40.98%.
About Epsilon Energy (Get an evaluation)
Epsilon Energy Ltd., a natural gas and petroleum company, is engaged in the acquisition, development, gathering and production of oil and gas reserves in the United States. It operates through Upstream and Gathering System segments. The Company has natural gas production in the Marcellus in Pennsylvania; and oil, natural gas liquids (NGL) and natural gas production in the Anadarko Basin in Oklahoma.
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