Epsilon Energy Ltd. (NASDAQ:EPSN) Shares Purchased by Empowered Funds LLC

Empowered Funds LLC increased its position in Epsilon Energy Ltd. (NASDAQ:EPSN) by 5.2% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 86,251 shares of the company’s stock after acquiring an additional 4,288 shares during the period. Empowered Funds LLC’s holdings in Epsilon Energy were worth $505,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the business. Perritt Capital Management Inc purchased a new stake in Epsilon Energy during the second quarter valued at about $109,000. Meixler Investment Management Ltd. increased its position in Epsilon Energy by 159.7% in the 2nd 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. International Assets Investment Management LLC lifted its position in shares of Epsilon Energy by 696.4% in the third quarter. International Assets Investment Management LLC now owns 288,341 shares of the company’s stock worth $1,690,000 after buying an additional 252,136 shares during the last quarter. Finally, Vanguard Group Inc. lifted its stake in shares of Epsilon Energy by 0.3% in the first quarter. Vanguard Group Inc. now owns 958,204 shares of the company’s stock worth $5,265,000 after buying an additional 2,537 shares during the last quarter. Institutional investors and hedge funds own 60.33% of the company’s stock.

Epsilon Energy Trading Up 0.3 %

EPSN stock opened at $6.04 on Monday. The firm has a market cap of $132.03 million, a PE ratio of 24.16 and a beta of 0.40. Epsilon Energy Ltd. has a 1-year low of $4.70 and a 1-year high of $6.20. The business’s 50-day moving average price is $5.81 and its two-hundred day moving average price is $5.51.

Epsilon Energy (NASDAQ:EPSN) last announced its earnings results on Wednesday, November 6th. The company reported $0.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.02). The business had revenue of $7.29 million for the quarter, compared to analyst estimates of $6.89 million. Epsilon Energy had a return on equity of 5.31% and a net margin of 16.97%. During the same quarter in the previous year, the company earned $0.02 EPS. On average, analysts forecast that Epsilon Energy Ltd. will post 0.2 earnings per share for the current year.

Epsilon Energy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Friday, September 13th were paid a dividend of $0.063 per share. This represents a $0.25 annualized dividend and a yield of 4.17%. The ex-dividend date was Friday, September 13th. Epsilon Energy’s dividend payout ratio is presently 100.00%.

Wall Street Analysts Forecast Growth

EPSN has been the subject of several recent analyst reports. Roth Capital upgraded Epsilon Energy to a “strong-buy” rating in a research note on Tuesday, October 1st. Roth Mkm began coverage on Epsilon Energy in a research report on Tuesday, October 1st. They issued a “buy” rating and a $7.00 price objective for the company.

About Epsilon Energy

Epsilon Energy Ltd., a North American onshore independent 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.