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

Investment analysts at Roth Mkm initiated coverage on shares of Epsilon Energy (NASDAQ:EPSN) in a report released on Tuesday, Briefing.com reports. The brokerage set a “buy” rating and a $7.00 price target on the stock. Roth Mkm’s price objective would suggest a potential upside of 19.45% from the stock’s previous close.

Epsilon Energy Trading Up 4.5 %

EPSN stock opened at $5.86 on Tuesday. The firm has a market cap of $128.46 million, a PE ratio of 25.48 and a beta of 0.39. The stock has a 50-day moving average price of $5.32 and a 200-day moving average price of $5.36. Epsilon Energy has a 1-year low of $4.70 and a 1-year high of $6.00.

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

Insider Buying and Selling at Epsilon Energy

In other news, CEO Jason Stabell bought 9,139 shares of the firm’s stock in a transaction that occurred on Friday, August 16th. The stock was acquired at an average cost of $5.28 per share, with a total value of $48,253.92. Following the transaction, the chief executive officer now directly owns 396,339 shares of the company’s stock, valued at approximately $2,092,669.92. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 5.53% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Mcintyre Freedman & Flynn Investment Advisers Inc. increased its position in shares of 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 worth $581,000 after acquiring an additional 2,000 shares in the last quarter. International Assets Investment Management LLC boosted its stake in Epsilon Energy by 47.3% during the 1st 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 during the last quarter. Empowered Funds LLC increased its holdings in Epsilon Energy by 8.1% during the 1st quarter. Empowered Funds LLC now owns 76,203 shares of the company’s stock worth $419,000 after purchasing an additional 5,742 shares in the last quarter. Vanguard Group Inc. increased its holdings in Epsilon Energy by 0.3% during the 1st quarter. Vanguard Group Inc. now owns 958,204 shares of the company’s stock worth $5,265,000 after purchasing an additional 2,537 shares in the last quarter. Finally, Meixler Investment Management Ltd. raised its stake in shares of Epsilon Energy by 159.7% in the second quarter. Meixler Investment Management Ltd. now owns 32,605 shares of the company’s stock worth $178,000 after purchasing an additional 20,050 shares during the last quarter. 60.33% of the stock is owned by institutional investors.

About Epsilon Energy

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.