Epsilon Energy (EPSN) Set to Announce Quarterly Earnings on Wednesday

Epsilon Energy (NASDAQ:EPSN) is scheduled to be issuing its quarterly earnings data after the market closes on Wednesday, May 8th. Parties interested in participating in the company’s conference call can do so using this link.

Epsilon Energy (NASDAQ:EPSN) last released its earnings results on Wednesday, March 20th. The company reported $0.12 earnings per share (EPS) for the quarter. Epsilon Energy had a return on equity of 6.81% and a net margin of 22.60%. The firm had revenue of $8.56 million during the quarter.

Epsilon Energy Trading Down 1.5 %

NASDAQ:EPSN opened at $5.42 on Wednesday. Epsilon Energy has a 12-month low of $4.70 and a 12-month high of $6.35. The stock has a 50-day moving average price of $5.24 and a 200 day moving average price of $5.20. The stock has a market capitalization of $118.75 million, a P/E ratio of 17.48 and a beta of 0.37.

Epsilon Energy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 15th were paid a dividend of $0.063 per share. This represents a $0.25 dividend on an annualized basis and a yield of 4.65%. The ex-dividend date was Thursday, March 14th. Epsilon Energy’s payout ratio is presently 80.65%.

Insider Activity at Epsilon Energy

In other news, major shareholder Solas Capital Management, Llc purchased 178,879 shares of the company’s stock in a transaction that occurred on Thursday, February 1st. The stock was bought at an average cost of $4.90 per share, with a total value of $876,507.10. Following the completion of the purchase, the insider now owns 3,768,467 shares in the company, valued at $18,465,488.30. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CEO Jason Stabell acquired 18,500 shares of the stock in a transaction dated Tuesday, March 26th. The stock was acquired at an average cost of $5.25 per share, with a total value of $97,125.00. Following the purchase, the chief executive officer now directly owns 343,234 shares of the company’s stock, valued at $1,801,978.50. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, major shareholder Solas Capital Management, Llc acquired 178,879 shares of the stock in a transaction dated Thursday, February 1st. The stock was bought at an average cost of $4.90 per share, with a total value of $876,507.10. Following the completion of the purchase, the insider now directly owns 3,768,467 shares in the company, valued at $18,465,488.30. The disclosure for this purchase can be found here. 5.53% of the stock is owned by corporate insiders.

About Epsilon Energy

Epsilon Energy Ltd., a natural gas and oil company, engages in the acquisition, development, gathering, and production of natural oil and gas reserves in the United States. The company operates through Upstream and Gathering System segments. It has natural gas production in the Marcellus Shale in Pennsylvania; and oil, natural gas liquids, and natural gas production in the Permian Basin in Texas and New Mexico, and Anadarko Basin in Oklahoma.