Roth Mkm Begins Coverage on Epsilon Energy (NASDAQ:EPSN)

Roth Mkm initiated coverage on shares of Epsilon Energy (NASDAQ:EPSN) in a research report released on Tuesday, Marketbeat Ratings reports. The firm issued a buy rating and a $7.00 price target on the stock.

Epsilon Energy Trading Down 4.9 %

Shares of EPSN opened at $5.78 on Tuesday. The stock has a market capitalization of $126.71 million, a price-to-earnings ratio of 25.13 and a beta of 0.39. Epsilon Energy has a 12 month low of $4.70 and a 12 month high of $6.20. The firm has a fifty day simple moving average of $5.36 and a 200 day simple moving average of $5.38.

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

Epsilon Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Friday, September 13th were paid a $0.063 dividend. The ex-dividend date of this dividend was Friday, September 13th. This represents a $0.25 annualized dividend and a dividend yield of 4.36%. Epsilon Energy’s dividend payout ratio is presently 108.70%.

Insider Buying and Selling

In other news, CEO Jason Stabell purchased 9,139 shares of the business’s stock in a transaction on Friday, August 16th. The stock was purchased at an average price of $5.28 per share, for a total transaction of $48,253.92. Following the completion of the purchase, the chief executive officer now directly owns 396,339 shares in the company, valued at $2,092,669.92. The trade was a 0.00 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 5.53% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Epsilon Energy

Several hedge funds have recently bought and sold shares of the company. Mcintyre Freedman & Flynn Investment Advisers Inc. lifted its position in shares of Epsilon Energy by 1.8% in the fourth quarter. Mcintyre Freedman & Flynn Investment Advisers Inc. now owns 114,400 shares of the company’s stock valued at $581,000 after buying an additional 2,000 shares during the last quarter. International Assets Investment Management LLC lifted its holdings 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 boosted its position in Epsilon Energy by 8.1% during the first quarter. Empowered Funds LLC now owns 76,203 shares of the company’s stock worth $419,000 after purchasing an additional 5,742 shares during the period. Vanguard Group Inc. increased its holdings 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 valued at $5,265,000 after purchasing an additional 2,537 shares during the last quarter. Finally, Meixler Investment Management Ltd. raised its position 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 purchasing an additional 20,050 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., 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.