Epsilon Energy (NASDAQ:EPSN) Upgraded by Roth Capital to Strong-Buy

Roth Capital upgraded shares of Epsilon Energy (NASDAQ:EPSN) to a strong-buy rating in a research report sent to investors on Tuesday morning, Zacks.com reports.

Separately, Roth Mkm began coverage on Epsilon Energy in a report on Tuesday. They issued a buy rating and a $7.00 price target for the company.

Epsilon Energy Trading Down 0.3 %

EPSN stock opened at $5.84 on Tuesday. Epsilon Energy has a 12-month low of $4.70 and a 12-month high of $6.00. The business’s 50-day moving average is $5.32 and its 200 day moving average is $5.36. The stock has a market cap of $128.02 million, a price-to-earnings ratio of 25.39 and a beta of 0.39.

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

Epsilon Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Friday, September 13th were issued a $0.063 dividend. This represents a $0.25 dividend on an annualized basis and a yield of 4.32%. The ex-dividend date was Friday, September 13th. Epsilon Energy’s dividend payout ratio is presently 108.70%.

Insider Buying and Selling

In other Epsilon Energy news, CEO Jason Stabell purchased 9,139 shares of the firm’s stock in a transaction dated Friday, August 16th. The shares were acquired at an average price of $5.28 per share, with a total value of $48,253.92. Following the purchase, the chief executive officer now directly owns 396,339 shares in the company, valued at approximately $2,092,669.92. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. 5.53% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Epsilon Energy

A number of institutional investors and hedge funds have recently made changes to their positions in EPSN. Perritt Capital Management Inc acquired a new stake in Epsilon Energy in the 2nd quarter valued at approximately $109,000. Meixler Investment Management Ltd. grew 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 valued at $178,000 after buying an additional 20,050 shares in the last quarter. International Assets Investment Management LLC raised its holdings in shares of Epsilon Energy by 47.3% in the 1st quarter. International Assets Investment Management LLC now owns 37,705 shares of the company’s stock valued at $207,000 after buying an additional 12,110 shares during the period. Empowered Funds LLC lifted its stake 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 acquiring an additional 5,742 shares in the last quarter. Finally, Mcintyre Freedman & Flynn Investment Advisers Inc. boosted its holdings in Epsilon Energy by 1.8% during the 4th quarter. Mcintyre Freedman & Flynn Investment Advisers Inc. now owns 114,400 shares of the company’s stock valued at $581,000 after acquiring an additional 2,000 shares during the period. 60.33% of the stock is 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.