Empowered Funds LLC Increases Stock Position in Epsilon Energy Ltd. (NASDAQ:EPSN)

Empowered Funds LLC raised its position in Epsilon Energy Ltd. (NASDAQ:EPSN) by 5.2% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 86,251 shares of the company’s stock after buying an additional 4,288 shares during the period. Empowered Funds LLC owned about 0.39% of Epsilon Energy worth $505,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of EPSN. Vanguard Group Inc. increased its position in shares of Epsilon Energy by 0.3% during the first quarter. Vanguard Group Inc. now owns 958,204 shares of the company’s stock valued at $5,265,000 after acquiring an additional 2,537 shares during the last quarter. Meixler Investment Management Ltd. boosted its holdings in Epsilon Energy by 159.7% during the 2nd quarter. Meixler Investment Management Ltd. now owns 32,605 shares of the company’s stock valued at $178,000 after acquiring an additional 20,050 shares during the period. Perritt Capital Management Inc acquired a new position in Epsilon Energy in the 2nd quarter valued at about $109,000. Finally, International Assets Investment Management LLC increased its stake in Epsilon Energy by 696.4% during the third quarter. International Assets Investment Management LLC now owns 288,341 shares of the company’s stock worth $1,690,000 after purchasing an additional 252,136 shares during the period. Hedge funds and other institutional investors own 60.33% of the company’s stock.

Epsilon Energy Stock Performance

Shares of EPSN opened at $6.04 on Monday. Epsilon Energy Ltd. has a 1 year low of $4.70 and a 1 year high of $6.20. The stock has a market capitalization of $132.03 million, a P/E ratio of 24.16 and a beta of 0.40. The company’s fifty day moving average is $5.81 and its two-hundred day moving average 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). Epsilon Energy had a return on equity of 5.31% and a net margin of 16.97%. The business 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. Sell-side analysts predict that Epsilon Energy Ltd. will post 0.2 EPS for the current year.

Epsilon Energy Announces Dividend

The company also recently disclosed 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 dividend yield of 4.17%. The ex-dividend date of this dividend was Friday, September 13th. Epsilon Energy’s payout ratio is 100.00%.

Wall Street Analysts Forecast Growth

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

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.