Insider Buying: Epsilon Energy Ltd. (NASDAQ:EPSN) CEO Buys 14,708 Shares of Stock

Epsilon Energy Ltd. (NASDAQ:EPSNGet Free Report) CEO Jason Stabell purchased 14,708 shares of the stock in a transaction dated Wednesday, May 22nd. The stock was acquired at an average cost of $5.35 per share, for a total transaction of $78,687.80. Following the transaction, the chief executive officer now owns 382,208 shares of the company’s stock, valued at $2,044,812.80. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

Jason Stabell also recently made the following trade(s):

  • On Monday, May 20th, Jason Stabell purchased 6,300 shares of Epsilon Energy stock. The stock was acquired at an average cost of $5.36 per share, for a total transaction of $33,768.00.
  • On Tuesday, March 26th, Jason Stabell purchased 18,500 shares of Epsilon Energy stock. The stock was acquired at an average cost of $5.25 per share, for a total transaction of $97,125.00.

Epsilon Energy Trading Down 1.7 %

Shares of NASDAQ EPSN traded down $0.09 during midday trading on Thursday, hitting $5.28. The company’s stock had a trading volume of 21,572 shares, compared to its average volume of 48,070. The stock has a fifty day moving average price of $5.35 and a 200 day moving average price of $5.18. Epsilon Energy Ltd. has a one year low of $4.70 and a one year high of $6.35. The firm has a market capitalization of $115.74 million, a price-to-earnings ratio of 23.31 and a beta of 0.38.

Epsilon Energy (NASDAQ:EPSNGet Free Report) last posted its quarterly earnings results on Wednesday, March 20th. The company reported $0.12 earnings per share (EPS) for the quarter. The company had revenue of $8.56 million for the quarter. Epsilon Energy had a net margin of 16.77% and a return on equity of 4.89%.

Epsilon Energy Announces Dividend

The company also recently disclosed 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. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $0.25 annualized dividend and a yield of 4.77%. Epsilon Energy’s dividend payout ratio is currently 108.70%.

Hedge Funds Weigh In On Epsilon Energy

Hedge funds have recently bought and sold shares of the company. Barclays PLC purchased a new position in Epsilon Energy during the third quarter valued at approximately $60,000. Quadrature Capital Ltd grew its stake in Epsilon Energy by 19.5% in the 3rd quarter. Quadrature Capital Ltd now owns 24,111 shares of the company’s stock worth $128,000 after buying an additional 3,928 shares in the last quarter. Meixler Investment Management Ltd. purchased a new position in Epsilon Energy in the 3rd quarter worth approximately $154,000. International Assets Investment Management LLC grew its stake in Epsilon Energy by 47.3% in the 1st quarter. International Assets Investment Management LLC now owns 37,705 shares of the company’s stock worth $207,000 after buying an additional 12,110 shares in the last quarter. Finally, Janney Montgomery Scott LLC purchased a new position in Epsilon Energy in the 3rd quarter worth approximately $361,000. Hedge funds and other institutional investors own 60.33% of the company’s stock.

Epsilon Energy Company Profile

(Get Free Report)

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.

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