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

State Street Corp decreased its holdings in Epsilon Energy Ltd. (NASDAQ:EPSN) by 24.9% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 64,473 shares of the company’s stock after selling 21,406 shares during the period. State Street Corp owned approximately 0.29% of Epsilon Energy worth $378,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of EPSN. Empowered Funds LLC grew its position 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 in the last quarter. De Lisle Partners LLP grew its holdings 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 in the last quarter. Perritt Capital Management Inc acquired a new stake in shares of Epsilon Energy in the 2nd quarter worth $109,000. Finally, International Assets Investment Management LLC raised its holdings in shares of 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 acquiring an additional 252,136 shares during the period. 60.33% of the stock is owned by hedge funds and other institutional investors.

Epsilon Energy Stock Up 6.2 %

Shares of Epsilon Energy stock opened at $6.55 on Friday. The firm has a market cap of $143.16 million, a PE ratio of 26.20 and a beta of 0.39. Epsilon Energy Ltd. has a 52 week low of $4.70 and a 52 week high of $6.71. The business’s fifty day simple moving average is $5.88 and its 200-day simple moving average is $5.62.

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

Epsilon Energy Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th were issued a $0.0625 dividend. The ex-dividend date was Monday, December 16th. This represents a $0.25 annualized dividend and a dividend yield of 3.82%. Epsilon Energy’s dividend payout ratio is currently 100.00%.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on EPSN shares. Roth Capital raised shares of Epsilon Energy to a “strong-buy” rating in a research note on Tuesday, October 1st. Roth Mkm assumed coverage on shares of Epsilon Energy in a report on Tuesday, October 1st. They set a “buy” rating and a $7.00 price target for the company.

About Epsilon Energy

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.