3,470,761 Shares in Epsilon Energy Ltd. $EPSN Acquired by Solas Capital Management LLC

Solas Capital Management LLC bought a new stake in Epsilon Energy Ltd. (NASDAQ:EPSN) during the 2nd quarter, HoldingsChannel reports. The institutional investor bought 3,470,761 shares of the company’s stock, valued at approximately $18,777,000. Epsilon Energy comprises approximately 10.1% of Solas Capital Management LLC’s portfolio, making the stock its 2nd biggest position. Solas Capital Management LLC owned approximately 0.11% of Epsilon Energy as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Cubist Systematic Strategies LLC purchased a new stake in shares of Epsilon Energy in the 1st quarter valued at approximately $77,000. Goldman Sachs Group Inc. purchased a new stake in shares of Epsilon Energy during the 1st quarter worth $151,000. Empowered Funds LLC lifted its position in shares of Epsilon Energy by 8.5% during the 1st quarter. Empowered Funds LLC now owns 98,009 shares of the company’s stock worth $692,000 after purchasing an additional 7,643 shares during the last quarter. Jane Street Group LLC grew its stake in shares of Epsilon Energy by 346.2% during the first quarter. Jane Street Group LLC now owns 47,980 shares of the company’s stock worth $339,000 after purchasing an additional 37,226 shares in the last quarter. Finally, Acadian Asset Management LLC acquired a new position in shares of Epsilon Energy during the first quarter worth $311,000. Hedge funds and other institutional investors own 60.33% of the company’s stock.

Epsilon Energy Trading Up 0.2%

EPSN opened at $5.61 on Tuesday. The firm has a market cap of $169.87 million, a price-to-earnings ratio of -26.71 and a beta of -0.20. Epsilon Energy Ltd. has a 52 week low of $4.20 and a 52 week high of $6.65. The business’s 50 day moving average is $5.51 and its two-hundred day moving average is $5.67. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.31.

Epsilon Energy (NASDAQ:EPSN) last posted its quarterly earnings data on Wednesday, August 12th. The company reported ($0.03) earnings per share for the quarter. The firm had revenue of $18.26 million during the quarter. Epsilon Energy had a negative net margin of 3.77% and a positive return on equity of 5.56%.

Epsilon Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Monday, June 15th were given a $0.0625 dividend. The ex-dividend date was Monday, June 15th. This represents a $0.25 annualized dividend and a yield of 4.5%. Epsilon Energy’s dividend payout ratio is -119.05%.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (d+)” rating on shares of Epsilon Energy in a research note on Wednesday, August 12th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Epsilon Energy currently has a consensus rating of “Sell”.

Epsilon Energy 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.