Epsilon Energy (NASDAQ:EPSN) Announces Quarterly Earnings Results

Epsilon Energy (NASDAQ:EPSN) released its quarterly earnings data on Tuesday. The company reported $0.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.04 by $0.17, Zacks reports. Epsilon Energy had a net margin of 12.86% and a return on equity of 8.27%.

Epsilon Energy Stock Up 3.3%

EPSN opened at $6.20 on Wednesday. The firm’s 50 day moving average is $5.09 and its 200-day moving average is $4.95. Epsilon Energy has a 52-week low of $4.20 and a 52-week high of $8.50. The firm has a market capitalization of $185.32 million, a P/E ratio of 22.96 and a beta of -0.07.

Epsilon Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Friday, March 13th will be given a $0.0625 dividend. The ex-dividend date of this dividend is Friday, March 13th. This represents a $0.25 annualized dividend and a yield of 4.0%. Epsilon Energy’s dividend payout ratio (DPR) is 92.59%.

Institutional Investors Weigh In On Epsilon Energy

Several hedge funds and other institutional investors have recently added to or reduced their stakes in EPSN. Yorktown Energy Partners XI L.P. acquired a new position in Epsilon Energy in the 4th quarter worth $12,897,000. Yorktown Energy Partners X L.P. acquired a new stake in shares of Epsilon Energy during the fourth quarter valued at about $12,327,000. Yorktown Energy Partners IX L.P. purchased a new stake in shares of Epsilon Energy during the fourth quarter worth about $5,480,000. Dimensional Fund Advisors LP increased its position in shares of Epsilon Energy by 0.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 794,062 shares of the company’s stock worth $3,685,000 after acquiring an additional 3,047 shares during the last quarter. Finally, Geode Capital Management LLC lifted its stake in shares of Epsilon Energy by 95.3% in the second 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 in the last quarter. Hedge funds and other institutional investors own 60.33% of the company’s stock.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “hold (c-)” rating on shares of Epsilon Energy in a report on Thursday, January 22nd. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $8.40.

Epsilon Energy announced that its board has initiated a share repurchase plan on Thursday, February 26th that permits the company to buyback $0.00 in outstanding shares. This buyback authorization permits the company to reacquire shares of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s leadership believes its stock is undervalued.

About Epsilon Energy

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.