Investors observation on Epsilon Energy Ltd. (NASDAQ: EPSN) financial report

On Yesterday, Epsilon Energy Ltd. (NASDAQ: EPSN) shares price traded between $3.75 and $3.78 during the last trading session downbeat with -1.72% at $3.78. The shares recorded a trading volume 1604 shares as compared to its average volume of 12.80K shares. The company has 27.36M shares outstanding and market value of 103.31M. Over the one year trading period, the stock has a peak price of $5.17 and its down is recorded at $3.55. The short ratio in the ESPN stock is 0.23 and the short float is around of 0.01%.

Epsilon Energy Ltd. (NASDAQ: EPSN) recently stated first quarter 2019 financial and operating results.

Epsilon generated revenues of $7.9M for the three months ended March 31, 2019 contrast to $7.8M for the three months ended March 31, 2018.

Operating expenses for Marcellus Upstream operations in the first quarter were $1.4M.

The Auburn Gas Gathering system delivered 24.9 Bcfe of natural gas during the quarter as contrast to 25.2 Bcfe during the fourth quarter of 2018.

Epsilon stated net after tax income of $1.4M attributable to ordinary shareholders or $0.05 per basic and diluted ordinary share outstanding for the three months ended March 31, 2019, contrast to net income of $2.2M, and $0.08 per basic and diluted ordinary share outstanding for the three months ended March 31, 2018.

For the three months ended March 31, 2019, Epsilon’s Adjusted Earnings before Interest, Taxes, Depreciation, Amortization (Adjusted EBITDA) was $4.4M as contrast to $4.8M for the three months ended March 31, 2018.

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