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The latest update is out from Epsilon Energy ( (EPSN) ).
Epsilon Energy Ltd., a North American natural gas and oil production company, announced a new share repurchase program and the redetermination of its borrowing base on February 13, 2025. The company terminated its previous issuer bid and approved a new one-year repurchase initiative to buy back up to 2,200,876 common shares, accounting for 10% of its outstanding shares, for up to $13 million. This program aims to enhance shareholder value by leveraging available cash without incurring debt. Additionally, Epsilon’s borrowing base was redetermined at $45 million by Frost Bank, effective February 10, 2025, stabilizing the company’s financial position until the next reassessment.
More about Epsilon Energy
Epsilon Energy Ltd. is a North American onshore natural gas and oil production and gathering company with assets in Pennsylvania, Texas, Alberta, New Mexico, and Oklahoma.
YTD Price Performance: -1.94%
Average Trading Volume: 30,478
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: $132.2M
Learn more about EPSN stock on TipRanks’ Stock Analysis page.
