Epsilon Energy Ltd. (NASDAQ:EPSN) Shares Purchased by Geode Capital Management LLC

Geode Capital Management LLC grew its position in shares of Epsilon Energy Ltd. (NASDAQ:EPSN) by 11.2% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 243,147 shares of the company’s stock after buying an additional 24,437 shares during the period. Geode Capital Management LLC owned about 1.11% of Epsilon Energy worth $1,425,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. Barclays PLC acquired a new stake in shares of Epsilon Energy during the 3rd quarter valued at approximately $54,000. Perritt Capital Management Inc bought a new stake in Epsilon Energy during the second quarter valued at $109,000. Empowered Funds LLC raised its holdings in shares of Epsilon Energy by 5.2% during the third quarter. Empowered Funds LLC now owns 86,251 shares of the company’s stock worth $505,000 after purchasing an additional 4,288 shares during the period. De Lisle Partners LLP lifted its position in shares of Epsilon Energy by 14.3% in the 3rd quarter. De Lisle Partners LLP now owns 146,411 shares of the company’s stock worth $856,000 after buying an additional 18,317 shares during the last quarter. Finally, International Assets Investment Management LLC lifted its position in shares of Epsilon Energy by 696.4% in the 3rd quarter. International Assets Investment Management LLC now owns 288,341 shares of the company’s stock worth $1,690,000 after buying an additional 252,136 shares during the last quarter. Institutional investors and hedge funds own 60.33% of the company’s stock.

Epsilon Energy Stock Performance

Shares of EPSN opened at $6.36 on Friday. The firm has a fifty day moving average of $5.92 and a 200-day moving average of $5.65. The company has a market cap of $139.03 million, a price-to-earnings 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 posted 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 net margin of 16.97% and a return on equity of 5.31%. The firm had revenue of $7.29 million for the quarter, compared to analyst estimates of $6.89 million. During the same period in the previous year, the firm earned $0.02 earnings per share. Analysts predict that Epsilon Energy Ltd. will post 0.2 EPS for the current year.

Epsilon Energy Cuts Dividend

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

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on EPSN. Roth Mkm started coverage on shares of Epsilon Energy in a research note on Tuesday, October 1st. They set a “buy” rating and a $7.00 price objective on the stock. Roth Capital upgraded Epsilon Energy to a “strong-buy” rating in a research report on Tuesday, October 1st.

Epsilon Energy Company 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.