Barclays PLC Makes New Investment in Epsilon Energy Ltd. (NASDAQ:EPSN)

Barclays PLC purchased a new stake in shares of Epsilon Energy Ltd. (NASDAQ:EPSN) during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 9,143 shares of the company’s stock, valued at approximately $54,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Perritt Capital Management Inc purchased a new position in Epsilon Energy during the second quarter valued at approximately $109,000. Empowered Funds LLC boosted its holdings in Epsilon Energy by 5.2% in the 3rd 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 during the period. De Lisle Partners LLP grew its position in shares of Epsilon Energy by 14.3% during the 3rd quarter. De Lisle Partners LLP now owns 146,411 shares of the company’s stock valued at $856,000 after purchasing an additional 18,317 shares in the last quarter. Finally, International Assets Investment Management LLC increased its holdings in shares of Epsilon Energy by 696.4% in 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. 60.33% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

EPSN has been the topic of a number of research analyst reports. Roth Capital upgraded 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 research report on Tuesday, October 1st. They issued a “buy” rating and a $7.00 price objective on the stock.

Epsilon Energy Price Performance

Shares of NASDAQ:EPSN opened at $6.36 on Friday. The stock’s 50-day moving average is $5.92 and its 200 day moving average is $5.65. The company has a market cap of $139.03 million, a PE ratio of 25.44 and a beta of 0.39. Epsilon Energy Ltd. has a 1 year low of $4.70 and a 1 year high of $6.75.

Epsilon Energy (NASDAQ:EPSN) last released its quarterly 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). The company had revenue of $7.29 million during the quarter, compared to the consensus estimate of $6.89 million. Epsilon Energy had a return on equity of 5.31% and a net margin of 16.97%. During the same period in the previous year, the company earned $0.02 earnings per share. Analysts expect that Epsilon Energy Ltd. will post 0.2 EPS for the current fiscal year.

Epsilon Energy Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 16th were given a dividend of $0.0625 per share. The ex-dividend date was Monday, December 16th. This represents a $0.25 dividend on an annualized basis and a yield of 3.93%. Epsilon Energy’s dividend payout ratio (DPR) is 100.00%.

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.