Epsilon Energy (NASDAQ:EPSN) Posts Earnings Results, Beats Estimates By $0.17 EPS

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

Epsilon Energy Stock Up 3.3%

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

Epsilon Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Friday, March 13th will be paid a dividend of $0.0625 per share. The ex-dividend date is Friday, March 13th. This represents a $0.25 dividend on an annualized basis and a yield of 4.0%. Epsilon Energy’s dividend payout ratio is currently 92.59%.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Epsilon Energy in a report on Thursday, January 22nd. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $8.40.

Epsilon Energy announced that its Board of Directors has authorized a stock repurchase program on Thursday, February 26th that allows the company to buyback $0.00 in shares. This buyback authorization allows the company to buy shares of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board believes its shares are undervalued.

Institutional Trading of Epsilon Energy

Hedge funds have recently added to or reduced their stakes in the stock. Goldman Sachs Group Inc. purchased a new stake in shares of Epsilon Energy during the first quarter worth approximately $151,000. New York State Common Retirement Fund purchased a new position in Epsilon Energy in the 2nd quarter valued at $138,000. Algert Global LLC purchased a new position in Epsilon Energy in the 3rd quarter valued at $118,000. Wells Fargo & Company MN increased its stake in Epsilon Energy by 48.4% in the 4th quarter. Wells Fargo & Company MN now owns 21,548 shares of the company’s stock valued at $100,000 after buying an additional 7,030 shares during the period. Finally, Invesco Ltd. purchased a new position in Epsilon Energy during the 2nd quarter worth $94,000. 60.33% of the stock is owned by institutional investors and hedge funds.

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.