Epsilon Energy (NASDAQ:EPSN) Stock Rating Upgraded by Roth Capital

Epsilon Energy (NASDAQ:EPSN) was upgraded by analysts at Roth Capital to a “strong-buy” rating in a research note issued to investors on Tuesday, Zacks.com reports.

Separately, Roth Mkm assumed coverage on Epsilon Energy in a research report on Tuesday. They set a “buy” rating and a $7.00 price target on the stock.

Epsilon Energy Price Performance

EPSN stock opened at $5.97 on Tuesday. The firm has a market capitalization of $130.87 million, a P/E ratio of 25.96 and a beta of 0.39. Epsilon Energy has a 52-week low of $4.70 and a 52-week high of $6.00. The company’s 50 day simple moving average is $5.33 and its 200-day simple moving average is $5.37.

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

Insider Activity

In other news, CEO Jason Stabell acquired 9,139 shares of the firm’s stock in a transaction dated Friday, August 16th. The shares were bought at an average price of $5.28 per share, with a total value of $48,253.92. Following the acquisition, the chief executive officer now owns 396,339 shares of the company’s stock, valued at $2,092,669.92. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 5.53% of the stock is owned by company insiders.

Hedge Funds Weigh In On Epsilon Energy

A number of hedge funds have recently made changes to their positions in EPSN. Mcintyre Freedman & Flynn Investment Advisers Inc. raised its holdings in shares of Epsilon Energy by 1.8% in the 4th quarter. Mcintyre Freedman & Flynn Investment Advisers Inc. now owns 114,400 shares of the company’s stock worth $581,000 after buying an additional 2,000 shares in the last quarter. International Assets Investment Management LLC grew its position in Epsilon Energy by 47.3% in the first quarter. International Assets Investment Management LLC now owns 37,705 shares of the company’s stock valued at $207,000 after acquiring an additional 12,110 shares during the period. Empowered Funds LLC raised its stake in Epsilon Energy by 8.1% during 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 in the last quarter. Vanguard Group Inc. lifted its holdings in shares of Epsilon Energy by 0.3% during the first quarter. Vanguard Group Inc. now owns 958,204 shares of the company’s stock valued at $5,265,000 after acquiring an additional 2,537 shares during the period. Finally, Meixler Investment Management Ltd. boosted its stake in shares of Epsilon Energy by 159.7% in the 2nd quarter. Meixler Investment Management Ltd. now owns 32,605 shares of the company’s stock valued at $178,000 after purchasing an additional 20,050 shares in the last quarter. Institutional investors and hedge funds own 60.33% of the company’s stock.

Epsilon Energy Company Profile

Epsilon Energy Ltd., a 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.