Epsilon Energy Q3 EPS Forecast Decreased by Roth Capital

Epsilon Energy Ltd. (NASDAQ:EPSN) – Analysts at Roth Capital dropped their Q3 2024 earnings estimates for shares of Epsilon Energy in a report issued on Wednesday, October 23rd. Roth Capital analyst J. White now expects that the company will post earnings per share of $0.04 for the quarter, down from their previous forecast of $0.05. Roth Capital has a “Strong-Buy” rating on the stock. The consensus estimate for Epsilon Energy’s current full-year earnings is $0.24 per share. Roth Capital also issued estimates for Epsilon Energy’s Q4 2024 earnings at $0.05 EPS, FY2024 earnings at $0.20 EPS, Q1 2025 earnings at $0.08 EPS, Q2 2025 earnings at $0.09 EPS, Q3 2025 earnings at $0.12 EPS and Q4 2025 earnings at $0.07 EPS.

Separately, Roth Mkm began coverage on shares of Epsilon Energy in a research report on Tuesday, October 1st. They set a “buy” rating and a $7.00 target price on the stock.

Epsilon Energy Stock Performance

Shares of Epsilon Energy stock opened at $6.13 on Thursday. The firm’s 50-day simple moving average is $5.55 and its 200-day simple moving average is $5.44. Epsilon Energy has a twelve month low of $4.70 and a twelve month high of $6.20. The firm has a market cap of $134.38 million, a P/E ratio of 26.65 and a beta of 0.39.

Epsilon Energy (NASDAQ:EPSN) last issued its earnings results on Tuesday, August 13th. The company reported $0.04 earnings per share for the quarter. Epsilon Energy had a net margin of 17.59% and a return on equity of 5.31%. The business had revenue of $7.31 million for the quarter.

Hedge Funds Weigh In On Epsilon Energy

A number of institutional investors and hedge funds have recently added to or reduced their stakes in EPSN. Perritt Capital Management Inc bought a new position in shares of Epsilon Energy in the second quarter worth about $109,000. Meixler Investment Management Ltd. raised its stake in shares of Epsilon Energy by 159.7% in the second quarter. Meixler Investment Management Ltd. now owns 32,605 shares of the company’s stock worth $178,000 after acquiring an additional 20,050 shares during the last quarter. International Assets Investment Management LLC raised its stake in shares of Epsilon Energy by 47.3% in the first quarter. International Assets Investment Management LLC now owns 37,705 shares of the company’s stock worth $207,000 after acquiring an additional 12,110 shares during the last quarter. Empowered Funds LLC raised its stake in shares of Epsilon Energy by 8.1% in the first quarter. Empowered Funds LLC now owns 76,203 shares of the company’s stock worth $419,000 after acquiring an additional 5,742 shares during the last quarter. Finally, Vanguard Group Inc. raised its stake in shares of Epsilon Energy by 0.3% in the first quarter. Vanguard Group Inc. now owns 958,204 shares of the company’s stock worth $5,265,000 after acquiring an additional 2,537 shares during the last quarter. 60.33% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Epsilon Energy

In other news, CEO Jason Stabell purchased 9,139 shares of Epsilon Energy stock in a transaction on Friday, August 16th. The shares were purchased at an average cost of $5.28 per share, for a total transaction of $48,253.92. Following the completion of the transaction, the chief executive officer now directly owns 396,339 shares in the company, valued at approximately $2,092,669.92. This represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 5.53% of the company’s stock.

Epsilon Energy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, September 13th were given a $0.063 dividend. The ex-dividend date was Friday, September 13th. This represents a $0.25 dividend on an annualized basis and a yield of 4.11%. Epsilon Energy’s dividend payout ratio (DPR) is presently 108.70%.

Epsilon Energy Company Profile

Epsilon Energy Ltd., a North American onshore independent 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.