The price of Epsilon Energy Ltd. (NASDAQ:EPSN) shares last traded on Wall Street fell -0.49% to $6.12.
Based on available information, 1 analysts follow Epsilon Energy Ltd. (NASDAQ:EPSN). The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $6.28 and a low of $6.28, we find $6.28. Given the previous closing price of $6.15, this indicates a potential upside of 2.11 percent. EPSN stock price is now -9.70% away from the 50-day moving average and -8.69% away from the 200-day moving average. The market capitalization of the company currently stands at $140.21M.
Among analysts, 0 rate the stock a hold while 1 rate it a buy. Brokers who have rated the stock have averaged $6.28 as their price target over the next twelve months.
In other news, Solas Capital Management, LLC, 10% Owner sold 24,220 shares of the company’s stock on Jun 10. The stock was sold for $169,564 at an average price of $7.00. Upon completion of the transaction, the 10% Owner now directly owns 3,308,467 shares in the company, valued at $20.25 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jun 09, 10% Owner Solas Capital Management, LLC sold 2 shares of the business’s stock. A total of $14 was realized by selling the stock at an average price of $7.00. This leaves the insider owning 3,332,687 shares of the company worth $20.4 million. A total of 0.50% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in EPSN stock. A new stake in Epsilon Energy Ltd. shares was purchased by ADAGE CAPITAL PARTNERS GP, L.L.C. during the first quarter worth $451,000. FIRST TRUST ADVISORS LP invested $278,000 in shares of EPSN during the first quarter. In the first quarter, TWO SIGMA INVESTMENTS, LP acquired a new stake in Epsilon Energy Ltd. valued at approximately $134,000. CORSAIR CAPITAL MANAGEMENT, L.P. acquired a new stake in EPSN for approximately $122,000. MAN GROUP PLC purchased a new stake in EPSN valued at around $96,000 in the second quarter. In total, there are 62 active investors with 67.50% ownership of the company’s stock.
A candlestick chart of Epsilon Energy Ltd. (NASDAQ: EPSN) showed a price of $6.19 on Tuesday morning. During the past 12 months, Epsilon Energy Ltd. has had a low of $5.04 and a high of $7.99. As of last week, the company has a debt-to-equity ratio of 0.00, a current ratio of 4.80, and a quick ratio of 4.80. The fifty day moving average price for EPSN is $6.78 and a two-hundred day moving average price translates $6.70 for the stock.
The latest earnings results from Epsilon Energy Ltd. (NASDAQ: EPSN) was released for Jun, 2022. According to the Oil & Gas E&P Company, earnings per share came in at $0.06, missing analysts’ expectations of $0.12 by -0.06. This compares to $0.06 EPS in the same period last year. The net profit margin was 46.40% and return on equity was 36.50% for EPSN. The company reported revenue of $21.24 million for the quarter, compared to $13.1 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 62.16 percent. For the current quarter, analysts expect EPSN to generate $13.77M in revenue.
Moreover, the firm recently paid out its quarterly dividend on 12/30/2022. Investors who held shares on 12/15/2022 were paid a $0.0625 dividend. On an annualized basis, this represents a $0.25 dividend and a 4.08% percent yield. There was an ex-dividend date of 12/14/2022 for this dividend. In terms of dividend payout ratio, EPSN is presently at 18.30%.
Epsilon Energy Ltd.(EPSN) Company Profile
Epsilon Energy Ltd., a natural gas and oil company, engages in the acquisition, development, gathering, and production of oil and gas reserves in the United States. It operates through Upstream and Gathering System segments. The Company has natural gas production in the Marcellus in Pennsylvania; and oil, natural gas liquids (NGL), and natural gas production in the Anadarko Basin in Oklahoma. As of December 31, 2021, it had total estimated net proved reserves of 110,969 million cubic feet of natural gas reserves, 819,726 barrels of NGL, and 305,052 barrels of oil and other liquids. Epsilon Energy Ltd. was incorporated in 2005 and is based in Houston, Texas.