Insider Buying: Epsilon Energy Ltd. (NASDAQ:EPSN) CEO Purchases 6,300 Shares of Stock

Epsilon Energy Ltd. (NASDAQ:EPSNGet Free Report) CEO Jason Stabell bought 6,300 shares of Epsilon Energy stock in a transaction dated Monday, May 20th. The shares were purchased at an average cost of $5.36 per share, for a total transaction of $33,768.00. Following the completion of the transaction, the chief executive officer now owns 367,500 shares of the company’s stock, valued at approximately $1,969,800. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink.

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

  • On Wednesday, May 22nd, Jason Stabell purchased 14,708 shares of Epsilon Energy stock. The stock was bought at an average price of $5.35 per share, with a total value of $78,687.80.
  • On Tuesday, March 26th, Jason Stabell purchased 18,500 shares of Epsilon Energy stock. The stock was bought at an average price of $5.25 per share, with a total value of $97,125.00.

Epsilon Energy Price Performance

Shares of NASDAQ:EPSN traded down $0.09 during midday trading on Thursday, reaching $5.28. The company had a trading volume of 21,572 shares, compared to its average volume of 48,070. The stock’s fifty day moving average price is $5.35 and its 200-day moving average price is $5.18. The stock has a market capitalization of $115.74 million, a P/E ratio of 22.96 and a beta of 0.38. Epsilon Energy Ltd. has a one year low of $4.70 and a one year high of $6.35.

Epsilon Energy (NASDAQ:EPSNGet Free Report) last released its quarterly earnings results on Wednesday, March 20th. The company reported $0.12 EPS for the quarter. The business had revenue of $8.56 million during 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 declared a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 15th were given 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 dividend yield of 4.77%. Epsilon Energy’s dividend payout ratio is currently 108.70%.

Hedge Funds Weigh In On Epsilon Energy

Several institutional investors have recently modified their holdings of the company. Adage Capital Partners GP L.L.C. lifted its holdings in Epsilon Energy by 4.6% in the 3rd quarter. Adage Capital Partners GP L.L.C. now owns 1,046,640 shares of the company’s stock valued at $5,526,000 after acquiring an additional 46,150 shares during the last quarter. Vanguard Group Inc. lifted its holdings in Epsilon Energy by 0.3% in the 1st quarter. Vanguard Group Inc. now owns 958,204 shares of the company’s stock valued at $5,265,000 after acquiring an additional 2,537 shares during the last quarter. Ballast Asset Management LP acquired a new stake in Epsilon Energy in the 3rd quarter valued at about $1,287,000. International Assets Investment Management LLC lifted its holdings in Epsilon Energy by 622.4% in the 4th quarter. International Assets Investment Management LLC now owns 130,023 shares of the company’s stock valued at $6,610,000 after acquiring an additional 112,023 shares during the last quarter. Finally, Mcintyre Freedman & Flynn Investment Advisers Inc. lifted its holdings in Epsilon Energy by 1.8% in the 4th quarter. Mcintyre Freedman & Flynn Investment Advisers Inc. now owns 114,400 shares of the company’s stock valued at $581,000 after acquiring an additional 2,000 shares during the last quarter. Institutional investors own 60.33% of the company’s stock.

About Epsilon Energy

(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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