Epsilon Energy Ltd. (NASDAQ:EPSN) Shares Sold by State Street Corp

State Street Corp trimmed its position in shares of Epsilon Energy Ltd. (NASDAQ:EPSN) by 24.9% in the third quarter, HoldingsChannel.com reports. The fund owned 64,473 shares of the company’s stock after selling 21,406 shares during the period. State Street Corp’s holdings in Epsilon Energy were worth $378,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of EPSN. Empowered Funds LLC boosted its stake in shares of Epsilon Energy by 5.2% in the third quarter. Empowered Funds LLC now owns 86,251 shares of the company’s stock valued at $505,000 after purchasing an additional 4,288 shares during the period. International Assets Investment Management LLC lifted its holdings in Epsilon Energy by 696.4% during the 3rd 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 in the last quarter. De Lisle Partners LLP boosted its position in Epsilon Energy by 14.3% in the 3rd quarter. De Lisle Partners LLP now owns 146,411 shares of the company’s stock valued at $856,000 after buying an additional 18,317 shares during the period. Finally, Perritt Capital Management Inc purchased a new position in Epsilon Energy in the 2nd quarter valued at approximately $109,000. 60.33% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the company. Roth Mkm initiated coverage on Epsilon Energy in a research note on Tuesday, October 1st. They issued a “buy” rating and a $7.00 price objective on the stock. Roth Capital upgraded Epsilon Energy to a “strong-buy” rating in a research note on Tuesday, October 1st.

Epsilon Energy Stock Up 6.2 %

NASDAQ EPSN opened at $6.55 on Friday. Epsilon Energy Ltd. has a 52 week low of $4.70 and a 52 week high of $6.71. The firm has a 50 day moving average of $5.88 and a two-hundred day moving average of $5.62. The stock has a market capitalization of $143.16 million, a PE ratio of 26.20 and a beta of 0.39.

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

Epsilon Energy Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th were given a dividend of $0.0625 per share. This represents a $0.25 annualized dividend and a dividend yield of 3.82%. The ex-dividend date of this dividend was Monday, December 16th. Epsilon Energy’s dividend payout ratio (DPR) is presently 100.00%.

Epsilon Energy Profile

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.