Epsilon Energy (NASDAQ:EPSN) Earns "Hold (C-)" Rating from Weiss Ratings

Key Points

• Epsilon Energy's stock received a "Hold (C-)" rating from Weiss Ratings, with a current average target price of $8.40.
• In its latest earnings report, Epsilon Energy reported $0.07 earnings per share, missing the consensus estimate of $0.08, while also generating revenues of $11.63 million.
• Recent insider trading includes the sale of 25,000 shares by major shareholder Solas Capital Management and a subsequent purchase of 12,500 shares by CFO Andrew Williamson.

Epsilon Energy (NASDAQ:EPSN - Get Free Report)'s stock had its "hold (c-)" rating reaffirmed by research analysts at Weiss Ratings in a research note issued on Wednesday,Weiss Ratings reports.

Separately, Wall Street Zen lowered shares of Epsilon Energy from a "buy" rating to a "hold" rating in a research note on Sunday, August 17th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $8.40.

Epsilon Energy Trading Up 1.4%

Shares of Epsilon Energy stock opened at $5.07 on Wednesday. Epsilon Energy has a 1 year low of $4.72 and a 1 year high of $8.50. The firm has a market capitalization of $111.84 million, a PE ratio of 21.13 and a beta of 0.05. The firm's 50 day moving average is $5.63 and its 200 day moving average is $6.56.

Epsilon Energy (NASDAQ:EPSN - Get Free Report) last posted its earnings results on Wednesday, August 13th. The company reported $0.07 earnings per share for the quarter, missing analysts' consensus estimates 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 the consensus estimate of $10.50 million. As a group, research analysts anticipate that Epsilon Energy will post 0.2 earnings per share for the current year.

Insider Activity

In other news, major shareholder Solas Capital Management, Llc sold 25,000 shares of the stock in a transaction dated Monday, September 29th. The shares were sold at an average price of $5.03, for a total value of $125,750.00. Following the completion of the sale, the insider owned 3,619,613 shares in the company, valued at $18,206,653.39. This represents a 0.69% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Andrew Williamson acquired 12,500 shares of the firm's stock in a transaction that occurred on Tuesday, September 30th. The shares were bought at an average price of $4.94 per share, with a total value of $61,750.00. Following the acquisition, the chief financial officer directly owned 72,500 shares of the company's stock, valued at $358,150. The trade was a 20.83% increase in their position. The disclosure for this purchase can be found here. In the last quarter, insiders sold 74,427 shares of company stock valued at $382,509. 7.10% of the stock is currently owned by corporate insiders.

Institutional Trading of Epsilon Energy

A number of large investors have recently added to or reduced their stakes in EPSN. Y Intercept Hong Kong Ltd increased its stake in shares of Epsilon Energy by 23.1% in the first quarter. Y Intercept Hong Kong Ltd now owns 16,256 shares of the company's stock worth $115,000 after purchasing an additional 3,047 shares in the last quarter. Police & Firemen s Retirement System of New Jersey bought a new position in shares of Epsilon Energy in the second quarter valued at approximately $33,000. Osaic Holdings Inc. boosted its position in shares of Epsilon Energy by 1,014.3% in the second quarter. Osaic Holdings Inc. now owns 7,800 shares of the company's stock valued at $58,000 after acquiring an additional 7,100 shares during the period. Mcintyre Freedman & Flynn Investment Advisers Inc. boosted its position in shares of Epsilon Energy by 6.3% in the first quarter. Mcintyre Freedman & Flynn Investment Advisers Inc. now owns 124,400 shares of the company's stock valued at $878,000 after acquiring an additional 7,323 shares during the period. Finally, Bridgeway Capital Management LLC boosted its position in shares of Epsilon Energy by 1.9% in the first quarter. Bridgeway Capital Management LLC now owns 413,406 shares of the company's stock valued at $2,919,000 after acquiring an additional 7,643 shares during the period. Hedge funds and other institutional investors 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.

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