Epsilon Energy (NASDAQ:EPSN) Now Covered by Roth Mkm

Roth Mkm assumed coverage on shares of Epsilon Energy (NASDAQ:EPSN) in a research note issued to investors on Tuesday, Marketbeat reports. The brokerage issued a buy rating and a $7.00 target price on the stock.

Epsilon Energy Stock Performance

Shares of NASDAQ EPSN opened at $6.08 on Tuesday. Epsilon Energy has a 1 year low of $4.70 and a 1 year high of $6.12. The firm has a market cap of $133.29 million, a P/E ratio of 26.43 and a beta of 0.39. The stock has a fifty day moving average price of $5.34 and a two-hundred day moving average price of $5.37.

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

Epsilon Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, September 13th were issued a dividend of $0.063 per share. The ex-dividend date of this dividend was Friday, September 13th. This represents a $0.25 annualized dividend and a yield of 4.14%. Epsilon Energy’s payout ratio is presently 108.70%.

Insider Buying and Selling at Epsilon Energy

In other news, CEO Jason Stabell purchased 9,139 shares of the business’s stock in a transaction dated Friday, August 16th. The shares were acquired at an average price of $5.28 per share, for a total transaction of $48,253.92. Following the completion of the acquisition, the chief executive officer now directly owns 396,339 shares of the company’s stock, valued at $2,092,669.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 5.53% of the company’s stock.

Hedge Funds Weigh In On Epsilon Energy

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. International Assets Investment Management LLC lifted its holdings in shares of 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 purchasing an additional 12,110 shares in the last quarter. Vanguard Group Inc. grew 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 buying an additional 2,537 shares in the last quarter. Mcintyre Freedman & Flynn Investment Advisers Inc. raised its position in Epsilon Energy by 1.8% during the fourth quarter. Mcintyre Freedman & Flynn Investment Advisers Inc. now owns 114,400 shares of the company’s stock valued at $581,000 after buying an additional 2,000 shares during the period. Empowered Funds LLC lifted its stake in Epsilon Energy by 8.1% in the 1st 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. Finally, Perritt Capital Management Inc purchased a new stake in Epsilon Energy in the 2nd quarter worth about $109,000. 60.33% of the stock is currently owned by hedge funds and other institutional investors.

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.