Epsilon Energy (NASDAQ:EPSN) Trading Up 2.4% – Still a Buy?

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

Wall Street Analyst Weigh In

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

Epsilon Energy Trading Up 2.4%

The company has a 50 day moving average of $5.78 and a 200 day moving average of $5.44. 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 stock has a market capitalization of $166.68 million, a price-to-earnings ratio of -14.89 and a beta of -0.20.

Epsilon Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Monday, June 15th were given a $0.0625 dividend. This represents a $0.25 annualized dividend and a yield of 4.5%. The ex-dividend date was Monday, June 15th. Epsilon Energy’s dividend payout ratio is presently -67.57%.

Institutional Investors Weigh In On Epsilon Energy

A number of institutional investors have recently made changes to their positions in the stock. Yorktown Energy Partners XI L.P. boosted its holdings in Epsilon Energy by 3.2% during the 1st quarter. Yorktown Energy Partners XI L.P. now owns 2,869,560 shares of the company’s stock valued at $17,676,000 after acquiring an additional 90,117 shares during the period. Yorktown Energy Partners X L.P. purchased a new position in Epsilon Energy during the 4th quarter worth approximately $12,327,000. Yorktown Energy Partners IX L.P. acquired a new position in shares of Epsilon Energy in the 4th quarter valued at $5,480,000. HarbourVest Partners LLC acquired a new stake in shares of Epsilon Energy during the fourth quarter worth about $3,900,000. Finally, Dimensional Fund Advisors LP raised its position in Epsilon Energy by 2.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 813,250 shares of the company’s stock worth $5,010,000 after buying an additional 19,188 shares during the last quarter. 60.33% of the stock is currently 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.