Epsilon Energy Ltd. (NASDAQ:EPSN) Declares Quarterly Dividend of $0.06

Epsilon Energy Ltd. (NASDAQ:EPSNGet Free Report) announced a quarterly dividend on Monday, June 1st. Shareholders of record on Monday, June 15th will be given a dividend of 0.0625 per share on Tuesday, June 30th. This represents a c) annualized dividend and a dividend yield of 4.3%. The ex-dividend date is Monday, June 15th.

Epsilon Energy Trading Up 3.0%

NASDAQ:EPSN opened at $5.83 on Tuesday. The company has a market cap of $176.35 million, a P/E ratio of -15.76 and a beta of -0.15. The stock’s fifty day moving average price is $6.12 and its two-hundred day moving average price is $5.31. Epsilon Energy has a 1 year low of $4.20 and a 1 year high of $8.50. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.08 and a quick ratio of 1.08.

Epsilon Energy (NASDAQ:EPSNGet Free Report) last posted its earnings results on Tuesday, March 24th. The company reported $0.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.04 by $0.17. The firm had revenue of $14.82 million for the quarter, compared to the consensus estimate of $11.36 million. Epsilon Energy had a positive return on equity of 8.03% and a negative net margin of 13.33%.

Institutional Investors Weigh In On Epsilon Energy

Several hedge funds and other institutional investors have recently added to or reduced their stakes in EPSN. Empowered Funds LLC increased its position in shares of Epsilon Energy by 9.1% in the 1st quarter. Empowered Funds LLC now owns 45,017 shares of the company’s stock worth $277,000 after purchasing an additional 3,761 shares during the last quarter. Yorktown Energy Partners XI L.P. increased its position in shares of Epsilon Energy by 3.2% in the 1st quarter. Yorktown Energy Partners XI L.P. now owns 2,869,560 shares of the company’s stock worth $17,676,000 after purchasing an additional 90,117 shares during the last quarter. Punch & Associates Investment Management Inc. increased its position in shares of Epsilon Energy by 26.5% in the 1st quarter. Punch & Associates Investment Management Inc. now owns 476,880 shares of the company’s stock worth $2,938,000 after purchasing an additional 99,975 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its position in shares of Epsilon Energy by 178.9% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 128,304 shares of the company’s stock worth $790,000 after purchasing an additional 82,299 shares during the last quarter. Finally, Sei Investments Co. increased its position in shares of Epsilon Energy by 99.9% in the 1st quarter. Sei Investments Co. now owns 484,665 shares of the company’s stock worth $2,986,000 after purchasing an additional 242,196 shares during the last quarter. Hedge funds and other institutional investors own 60.33% of the company’s stock.

About Epsilon Energy

(Get Free Report)

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.

Read More

Dividend History for Epsilon Energy (NASDAQ:EPSN)

Receive News & Ratings for Epsilon Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Epsilon Energy and related companies with MarketBeat.com's FREE daily email newsletter.