Epsilon Energy (NASDAQ:EPSN) Raised to “Strong-Buy” at Roth Capital

Epsilon Energy (NASDAQ:EPSN) was upgraded by research analysts at Roth Capital to a “strong-buy” rating in a report issued on Tuesday, Zacks.com reports.

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

Epsilon Energy Stock Down 0.3 %

Shares of NASDAQ EPSN opened at $5.84 on Tuesday. The firm’s 50-day moving average price is $5.32 and its two-hundred day moving average price is $5.36. Epsilon Energy has a 52-week low of $4.70 and a 52-week high of $6.00. The stock has a market capitalization of $128.02 million, a P/E ratio of 25.39 and a beta of 0.39.

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

Insider Transactions at Epsilon Energy

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

Institutional Trading of Epsilon Energy

Institutional investors have recently modified their holdings of the company. Perritt Capital Management Inc bought a new stake in Epsilon Energy in the second quarter worth about $109,000. Meixler Investment Management Ltd. grew its stake in shares of 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 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 worth $207,000 after purchasing an additional 12,110 shares in the last quarter. Empowered Funds LLC lifted its stake in Epsilon Energy by 8.1% during the first quarter. Empowered Funds LLC now owns 76,203 shares of the company’s stock valued at $419,000 after purchasing an additional 5,742 shares during the last quarter. Finally, Mcintyre Freedman & Flynn Investment Advisers Inc. boosted its holdings in 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 buying an additional 2,000 shares in the last quarter. Institutional investors and hedge funds own 60.33% of the company’s stock.

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.