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

Epsilon Energy Ltd. (NASDAQ:EPSN – Get Free Report) declared a quarterly dividend on Monday, August 31st. Investors of record on Tuesday, September 15th will be given a dividend of 0.0625 per share on Wednesday, September 30th. This represents a c) dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date of this dividend is Tuesday, September 15th.

Epsilon Energy Stock Up 0.5%

NASDAQ EPSN traded up $0.03 on Friday, hitting $6.34. 98,923 shares of the company were exchanged, compared to its average volume of 164,195. The company has a market cap of $191.98 million, a PE ratio of -30.19 and a beta of -0.19. Epsilon Energy has a 12 month low of $4.20 and a 12 month high of $6.65. The stock has a fifty day moving average of $5.74 and a 200-day moving average of $5.79. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.31.

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Epsilon Energy (NASDAQ:EPSN – Get Free Report) last posted its quarterly earnings results on Wednesday, August 12th. The company reported ($0.03) earnings per share for the quarter. Epsilon Energy had a negative net margin of 3.77% and a positive return on equity of 5.56%. The company had revenue of $18.26 million during the quarter.

Hedge Funds Weigh In On Epsilon Energy

Large investors have recently modified their holdings of the company. Solas Capital Management LLC acquired a new stake in Epsilon Energy in the 2nd quarter valued at $18,777,000. Yorktown Energy Partners XI L.P. lifted its stake in shares of Epsilon Energy by 3.2% in the first quarter. Yorktown Energy Partners XI L.P. now owns 2,869,560 shares of the company’s stock valued at $17,676,000 after buying an additional 90,117 shares in the last quarter. Yorktown Energy Partners X L.P. bought a new position in shares of Epsilon Energy in the fourth quarter valued at $12,327,000. Yorktown Energy Partners IX L.P. acquired a new position in shares of Epsilon Energy during the fourth quarter valued at about $5,480,000. Finally, BlackRock Inc. acquired a new position in shares of Epsilon Energy during the second quarter valued at about $5,486,000. 60.33% of the stock is currently owned by institutional investors.

Epsilon Energy Company Profile

(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.

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