Epsilon Energy (NASDAQ:EPSN) Trading 2.4% Higher – What’s Next?

Epsilon Energy Ltd. (NASDAQ:EPSN)’s share price was up 2.4% during trading on Wednesday . The company traded as high as $5.56 and last traded at $5.51. Approximately 112,716 shares traded hands during mid-day trading, a decline of 40% from the average session volume of 188,501 shares. The stock had previously closed at $5.38.

Analyst Ratings Changes

Separately, Weiss Ratings downgraded shares of Epsilon Energy from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, May 15th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company currently has an average rating of “Sell”.

Epsilon Energy Stock Down 1.7%

The stock has a 50 day moving average price of $5.76 and a 200 day moving average price of $5.45. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.08 and a current ratio of 1.08. The company has a market capitalization of $157.91 million, a P/E ratio of -14.11 and a beta of -0.20.

Epsilon Energy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th were paid a $0.0625 dividend. This represents a $0.25 dividend on an annualized basis and a yield of 4.8%. The ex-dividend date was Monday, June 15th. Epsilon Energy’s payout ratio is presently -67.57%.

Institutional Investors Weigh In On Epsilon Energy

A number of hedge funds have recently modified their holdings of EPSN. Cubist Systematic Strategies LLC bought a new position in Epsilon Energy during the first quarter worth about $77,000. Goldman Sachs Group Inc. purchased a new stake in shares of Epsilon Energy during the 1st quarter valued at approximately $151,000. Empowered Funds LLC boosted its holdings in Epsilon Energy by 8.5% in the 1st quarter. Empowered Funds LLC now owns 98,009 shares of the company’s stock worth $692,000 after buying an additional 7,643 shares during the period. Jane Street Group LLC boosted its holdings in Epsilon Energy by 346.2% in the 1st quarter. Jane Street Group LLC now owns 47,980 shares of the company’s stock worth $339,000 after buying an additional 37,226 shares during the period. Finally, Acadian Asset Management LLC purchased a new position in Epsilon Energy in the 1st quarter valued at approximately $311,000. Institutional investors own 60.33% of the company’s stock.

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.