Epsilon Energy (NASDAQ:EPSN) Stock Crosses Below 200-Day Moving Average – Should You Sell?

Epsilon Energy Ltd. (NASDAQ:EPSN) shares passed below its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of $5.72 and traded as low as $5.48. Epsilon Energy shares last traded at $5.5730, with a volume of 115,508 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings raised shares of Epsilon Energy from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday, October 23rd. One investment analyst has rated the stock with a Hold rating. According to data from MarketBeat, the stock currently has an average rating of “Hold”.

Epsilon Energy Price Performance

The company has a 50 day moving average of $6.07 and a 200-day moving average of $5.72. The firm has a market capitalization of $168.77 million and a P/E ratio of -26.54. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.31.

Epsilon Energy (NASDAQ:EPSN) last issued its quarterly earnings data on Wednesday, August 12th. The company reported ($0.03) EPS for the quarter. The firm had revenue of $18.26 million during the quarter. Epsilon Energy had a negative net margin of 3.77% and a positive return on equity of 5.56%.

Epsilon Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th were given a $0.0625 dividend. This represents a $0.25 dividend on an annualized basis and a dividend yield of 4.5%. The ex-dividend date of this dividend was Tuesday, September 15th. Epsilon Energy’s payout ratio is presently -119.05%.

Hedge Funds Weigh In On Epsilon Energy

Several institutional investors and hedge funds have recently modified their holdings of the business. International Assets Investment Management LLC increased its position in Epsilon Energy by 8.2% during the third quarter. International Assets Investment Management LLC now owns 216,356 shares of the company’s stock worth $1,270,000 after acquiring an additional 16,375 shares during the period. Verdence Capital Advisors LLC raised its stake in Epsilon Energy by 1.7% in the 3rd quarter. Verdence Capital Advisors LLC now owns 146,950 shares of the company’s stock worth $852,000 after purchasing an additional 2,489 shares in the last quarter. Apollon Wealth Management LLC bought a new stake in Epsilon Energy in the 3rd quarter valued at about $59,000. GAMMA Investing LLC boosted its holdings in Epsilon Energy by 337.4% in the 3rd quarter. GAMMA Investing LLC now owns 7,606 shares of the company’s stock valued at $44,000 after purchasing an additional 5,867 shares during the period. Finally, Odyssean LLC boosted its holdings in Epsilon Energy by 163.9% in the 2nd quarter. Odyssean LLC now owns 48,272 shares of the company’s stock valued at $261,000 after purchasing an additional 29,982 shares during the period. 60.33% of the stock is currently owned by institutional investors and hedge funds.

Epsilon Energy Company Profile

Epsilon Energy Ltd. (NASDAQ: EPSN) is an independent energy company engaged in the acquisition, development, exploration and production of oil and natural gas assets in North America. Its operations are focused primarily on unconventional resource plays and related midstream infrastructure.

The company’s principal asset base is associated with the Marcellus Shale in northeastern Pennsylvania, where Epsilon holds interests in natural gas wells and gathering systems. These assets provide exposure to natural gas production and infrastructure serving regional energy markets.