Epsilon Energy Ltd. (NASDAQ:EPSN) Plans $0.06 Quarterly Dividend

Epsilon Energy Ltd. (NASDAQ:EPSN) declared a quarterly dividend on Wednesday, November 27th,Wall Street Journal reports. Shareholders of record on Monday, December 16th will be given a dividend of 0.0625 per share on Tuesday, December 31st. This represents a $0.25 annualized dividend and a dividend yield of 4.33%. The ex-dividend date of this dividend is Monday, December 16th.

Epsilon Energy has a payout ratio of 67.6% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Epsilon Energy to earn $0.37 per share next year, which means the company should continue to be able to cover its $0.25 annual dividend with an expected future payout ratio of 67.6%.

Epsilon Energy Price Performance

NASDAQ:EPSN opened at $5.78 on Friday. The firm’s fifty day moving average price is $5.85 and its two-hundred day moving average price is $5.52. The company has a market cap of $126.35 million, a P/E ratio of 23.12 and a beta of 0.40. Epsilon Energy has a one year low of $4.70 and a one year high of $6.20.

Epsilon Energy (NASDAQ:EPSN) last announced its earnings results on Wednesday, November 6th. The company reported $0.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.02). The business had revenue of $7.29 million during the quarter, compared to the consensus estimate of $6.89 million. Epsilon Energy had a net margin of 16.97% and a return on equity of 5.31%. During the same period in the previous year, the firm posted $0.02 EPS. As a group, equities research analysts expect that Epsilon Energy will post 0.2 earnings per share for the current year.

Analysts Set New Price Targets

EPSN has been the subject of several recent analyst reports. Roth Mkm initiated coverage on shares of Epsilon Energy in a research report on Tuesday, October 1st. They set a “buy” rating and a $7.00 price objective for the company. Roth Capital raised shares of Epsilon Energy to a “strong-buy” rating in a report on Tuesday, October 1st.

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.