Epsilon Energy (NASDAQ:EPSN) to Buyback $0.00 in Outstanding Shares

Epsilon Energy (NASDAQ:EPSN) declared that its Board of Directors has authorized a share repurchase program on Thursday, February 26th, RTT News reports. The company plans to buyback $0.00 in outstanding shares. This buyback authorization permits the company to purchase shares of its stock through open market purchases. Shares buyback programs are typically a sign that the company’s leadership believes its shares are undervalued.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “hold (c-)” rating on shares of Epsilon Energy in a report on Thursday, January 22nd. One investment analyst has rated the stock with a Hold rating, According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $8.40.

Epsilon Energy Stock Performance

Shares of EPSN opened at $5.12 on Friday. The firm has a market capitalization of $153.04 million, a P/E ratio of 18.96 and a beta of -0.05. Epsilon Energy has a 52 week low of $4.20 and a 52 week high of $8.50. The stock has a 50 day moving average price of $4.71 and a two-hundred day moving average price of $4.98.

Insider Buying and Selling

In other Epsilon Energy news, major shareholder Solas Capital Management, Llc sold 9,427 shares of the firm’s stock in a transaction on Monday, December 22nd. The stock was sold at an average price of $4.59, for a total transaction of $43,269.93. Following the transaction, the insider directly owned 3,545,186 shares in the company, valued at approximately $16,272,403.74. This trade represents a 0.27% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Over the last ninety days, insiders sold 74,427 shares of company stock valued at $346,720. Corporate insiders own 7.10% of the company’s stock.

About Epsilon Energy

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.