Insider Selling: Epsilon Energy (NASDAQ:EPSN) Major Shareholder Sells 24,427 Shares of Stock

Epsilon Energy Ltd. (NASDAQ:EPSN) major shareholder Solas Capital Management, Llc sold 24,427 shares of Epsilon Energy stock in a transaction on Thursday, September 25th. The stock was sold at an average price of $5.22, for a total transaction of $127,508.94. Following the transaction, the insider owned 3,669,613 shares in the company, valued at approximately $19,155,379.86. This trade represents a 0.66% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Large shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

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

• 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 stock was sold at an average price of $5.17, for a total transaction of $129,250.00.

Epsilon Energy Stock Down 3.1%

EPSN opened at $5.02 on Tuesday. The stock has a market cap of $110.74 million, a price-to-earnings ratio of 20.92 and a beta of 0.12. The company’s 50-day moving average price is $5.80 and its two-hundred day moving average price is $6.66. Epsilon Energy Ltd. has a twelve month low of $4.99 and a twelve month high of $8.50.

Epsilon Energy (NASDAQ:EPSN) last posted its earnings results on Wednesday, August 13th. The company reported $0.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.08 by ($0.01). The firm had revenue of $11.63 million during the quarter, compared to analysts’ expectations of $10.50 million. Epsilon Energy had a return on equity of 6.71% and a net margin of 11.75%. As a group, sell-side analysts anticipate that Epsilon Energy Ltd. will post 0.2 earnings per share for the current year.

Epsilon Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Monday, September 15th will be paid a dividend of $0.0625 per share. The ex-dividend date of this dividend is Monday, September 15th. This represents a $0.25 annualized dividend and a yield of 5.0%. Epsilon Energy’s payout ratio is presently 104.17%.

Analysts Set New Price Targets

Separately, Wall Street Zen cut shares of Epsilon Energy from a “buy” rating to a “hold” rating in a report on Sunday, August 17th. One research analyst has rated the stock with a Strong Buy rating and one has issued a Buy rating to the company. According to data from MarketBeat, Epsilon Energy presently has a consensus rating of “Strong Buy” and an average price target of $7.70.

Institutional Investors Weigh In On Epsilon Energy

Several institutional investors have recently made changes to their positions in EPSN. Marshall Wace LLP bought a new stake in shares of Epsilon Energy in the 2nd quarter worth about $2,869,000. Geode Capital Management LLC lifted its holdings in shares of Epsilon Energy by 95.3% in the 2nd quarter. Geode Capital Management LLC now owns 486,684 shares of the company’s stock worth $3,592,000 after acquiring an additional 237,507 shares during the last quarter. Informed Momentum Co LLC bought a new stake in shares of Epsilon Energy in the 1st quarter worth about $584,000. Los Angeles Capital Management LLC bought a new stake in shares of Epsilon Energy in the 2nd quarter worth about $492,000. Finally, Arrowstreet Capital Limited Partnership bought a new stake in shares of Epsilon Energy in the 2nd quarter worth about $467,000. Institutional investors own 60.33% of the company’s stock.

Epsilon Energy Company Profile

Epsilon Energy Ltd., a North American onshore independent natural gas and oil company, engages in the acquisition, development, gathering, and production of natural oil and gas reserves in the United States. The company operates through Upstream and Gathering System segments. It has natural gas production in the Marcellus Shale in Pennsylvania; and oil, natural gas liquids, and natural gas production in the Permian Basin in Texas and New Mexico, and Anadarko Basin in Oklahoma.