Epsilon Energy (NASDAQ:EPSN) Downgraded to Hold Rating by Wall Street Zen

Key Points

• Epsilon Energy has been downgraded from a "buy" to a "hold" rating by Wall Street Zen, indicating a change in analysts' assessment of the stock's potential.
• The company's stock is currently trading at $5.63, with a 52-week range between $4.95 and $8.50, reflecting significant fluctuations in its market performance.
• Epsilon Energy reported a revenue of $11.63 million this quarter, surpassing analyst estimates, but disappointed with earnings per share of $0.07, falling short of the expected $0.08.

Wall Street Zen downgraded shares of Epsilon Energy (NASDAQ:EPSN - Free Report) from a buy rating to a hold rating in a research report sent to investors on Sunday morning.

Epsilon Energy Trading Down 0.2%

Shares of NASDAQ:EPSN traded down $0.01 during trading on Friday, hitting $5.75. 138,987 shares of the company's stock were exchanged, compared to its average volume of 129,086. Epsilon Energy has a 1-year low of $4.95 and a 1-year high of $8.50. The firm has a 50-day moving average price of $6.86 and a two-hundred day moving average price of $6.82. The firm has a market cap of $126.85 million, a P/E ratio of 23.96 and a beta of 0.16.

Epsilon Energy (NASDAQ:EPSN - Get Free Report) last issued its quarterly earnings results on Wednesday, August 13th. The company reported $0.07 EPS for the quarter, missing the consensus estimate of $0.08 by ($0.01). Epsilon Energy had a return on equity of 6.71% and a net margin of 11.75%.The business had revenue of $11.63 million for the quarter, compared to analyst estimates of $10.50 million. As a group, research analysts predict that Epsilon Energy will post 0.2 EPS for the current year.

Epsilon Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Friday, June 13th were issued a dividend of $0.0625 per share. The ex-dividend date was Friday, June 13th. This represents a $0.25 dividend on an annualized basis and a yield of 4.3%. Epsilon Energy's payout ratio is currently 104.17%.

Insider Buying and Selling

In other news, CFO Andrew Williamson acquired 10,000 shares of the firm's stock in a transaction that occurred on Monday, August 18th. The stock was purchased at an average price of $5.64 per share, for a total transaction of $56,400.00. Following the completion of the acquisition, the chief financial officer owned 60,000 shares in the company, valued at $338,400. This trade represents a 20.00% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, major shareholder Solas Capital Management, Llc sold 74,427 shares of the business's stock in a transaction that occurred on Friday, June 27th. The shares were sold at an average price of $7.48, for a total transaction of $556,713.96. Following the transaction, the insider owned 3,694,040 shares of the company's stock, valued at approximately $27,631,419.20. This represents a 1.97% decrease in their position. The disclosure for this sale can be found here. 7.10% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Police & Firemen s Retirement System of New Jersey acquired a new position in shares of Epsilon Energy in the second quarter valued at approximately $33,000. JPMorgan Chase & Co. boosted its holdings in shares of Epsilon Energy by 23,847.4% in the second quarter. JPMorgan Chase & Co. now owns 9,100 shares of the company's stock valued at $67,000 after buying an additional 9,062 shares during the period. D.A. Davidson & CO. bought a new stake in shares of Epsilon Energy in the second quarter worth $77,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in shares of Epsilon Energy in the second quarter worth $78,000. Finally, Jane Street Group LLC bought a new stake in shares of Epsilon Energy in the fourth quarter worth $67,000. Institutional investors and hedge funds own 60.33% of the company's stock.

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.